[Part I—Financial Information](index=3&type=section&id=Part%20I%E2%80%94Financial%20Information) [Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) CommScope reported Q1 2023 net sales of $2.00 billion (down 10.2%), but operating income significantly increased to $152.5 million, leading to a net income of $3.4 million despite negative operating cash flow Condensed Consolidated Statements of Operations (Q1 2023 vs Q1 2022) | Financial Metric | Q1 2023 (in millions) | Q1 2022 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | Net sales | $2,001.5 | $2,228.6 | (10.2%) | | Gross profit | $691.7 | $636.3 | 8.7% | | Operating income | $152.5 | $26.8 | 469.0% | | Net income (loss) | $3.4 | $(139.9) | NM | | Diluted loss per share | $(0.06) | $(0.75) | 92.0% | Condensed Consolidated Balance Sheet Highlights (as of March 31, 2023) | Account | March 31, 2023 (in millions) | Dec 31, 2022 (in millions) | | :--- | :--- | :--- | | Total Current Assets | $3,509.8 | $3,726.2 | | Total Assets | $11,337.0 | $11,685.4 | | Total Current Liabilities | $1,802.3 | $2,107.5 | | Long-term Debt | $9,410.5 | $9,469.6 | | Total Liabilities | $11,752.0 | $12,131.1 | | Total Stockholders' Deficit | $(1,530.4) | $(1,546.0) | Condensed Consolidated Statements of Cash Flows (Q1 2023 vs Q1 2022) | Cash Flow Activity | Q1 2023 (in millions) | Q1 2022 (in millions) | | :--- | :--- | :--- | | Net cash used in operating activities | $(46.1) | $(14.6) | | Net cash generated by (used in) investing activities | $35.9 | $(16.0) | | Net cash used in financing activities | $(61.1) | $(17.2) | | Change in cash and cash equivalents | $(70.8) | $(45.6) | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=26&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported a 10.2% net sales decrease in Q1 2023 due to lower volumes, yet gross profit and operating income significantly improved, with liquidity remaining sufficient despite macroeconomic challenges - The CommScope NEXT transformation plan, initiated in 2021, focuses on profitable growth, operational efficiency, and portfolio optimization, though the plan to separate the Home Networks segment has been delayed due to market uncertainties[40](index=40&type=chunk)[286](index=286&type=chunk) - Macroeconomic factors, including higher interest rates and inflation, have softened product demand, leading some customers to reduce purchases to manage inventory levels, while supply chain constraints for certain components like memory devices and silicon chips also persist[287](index=287&type=chunk) Key Performance Indicators (Q1 2023 vs Q1 2022) | Metric | Q1 2023 (in millions) | Q1 2022 (in millions) | % Change | | :--- | :--- | :--- | :--- | | Net Sales | $2,001.5 | $2,228.6 | (10.2%) | | Core Net Sales | $1,664.4 | $1,732.9 | (4.0%) | | Gross Profit | $691.7 | $636.3 | 8.7% | | Operating Income | $152.5 | $26.8 | 469.0% | | Non-GAAP Adjusted EBITDA | $312.0 | $253.3 | 23.2% | - Net sales decreased across most geographic regions, with the largest declines in Europe, Middle East and Africa (EMEA) by **$79.9 million** and the Caribbean and Latin American (CALA) region by **$54.4 million**[44](index=44&type=chunk) [Segment Results](index=31&type=section&id=Segment%20Results) Q1 2023 segment results were mixed, with NICS sales up 51.3% due to improved supply, while OWN and Home segments saw significant declines, and Core adjusted EBITDA grew 37.1% Net Sales by Segment (Q1 2023 vs Q1 2022) | Segment | Q1 2023 (in millions) | Q1 2022 (in millions) | % Change | | :--- | :--- | :--- | :--- | | CCS | $822.8 | $838.0 | (1.8%) | | OWN | $258.4 | $390.1 | (33.8%) | | NICS | $284.5 | $188.0 | 51.3% | | ANS | $298.7 | $316.8 | (5.7%) | | Home | $337.1 | $495.7 | (32.0%) | | **Consolidated** | **$2,001.5** | **$2,228.6** | **(10.2%)** | Adjusted EBITDA by Segment (Q1 2023 vs Q1 2022) | Segment | Q1 2023 (in millions) | Q1 2022 (in millions) | % Change | | :--- | :--- | :--- | :--- | | CCS | $147.7 | $98.6 | 49.8% | | OWN | $59.5 | $71.0 | (16.2%) | | NICS | $58.0 | $(13.8) | NM | | ANS | $50.1 | $74.2 | (32.5%) | | Home | $(3.3) | $23.3 | (114.2%) | | **Total** | **$312.0** | **$253.3** | **23.2%** | - NICS segment sales grew primarily due to higher sales volumes of Ruckus and distributed antenna systems products, benefiting from improved availability of chips[76](index=76&type=chunk) - OWN segment sales decreased due to lower sales volumes resulting from spending reductions by certain North American operators[103](index=103&type=chunk) [Liquidity and Capital Resources](index=34&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) As of March 31, 2023, the company maintained $327.3 million in cash and $907.3 million in credit availability, with $9.44 billion in long-term debt, despite $46.1 million in negative operating cash flow Liquidity and Capitalization Summary | Metric | March 31, 2023 (in millions) | Dec 31, 2022 (in millions) | | :--- | :--- | :--- | | Cash and cash equivalents | $327.3 | $398.1 | | Availability under Revolving Credit Facility | $907.3 | $908.8 | | Long-term debt, including current portion | $9,442.5 | $9,501.6 | - Cash and cash equivalents decreased by **$70.8 million** during Q1 2023, driven by **$46.1 million** used in operations, **$50.0 million** for debt repurchases, and **$14.4 million** in capital expenditures, partially offset by **$41.0 million** in proceeds from asset sales[81](index=81&type=chunk) - In March 2023, the company repurchased **$57.5 million** in aggregate principal of various senior notes for **$50.0 million** in cash, resulting in a gain on early extinguishment of debt of **$7.5 million**[210](index=210&type=chunk)[305](index=305&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=40&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes were reported for interest rate risk, commodity price risk, or foreign currency exchange rate risk compared to the 2022 Annual Report - No material changes were reported for interest rate risk, commodity price risk, or foreign currency exchange rate risk compared to the 2022 Annual Report[122](index=122&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded the company's disclosure controls and procedures were effective as of March 31, 2023, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures are **effective** as of the end of the period covered by this report[94](index=94&type=chunk) - No material changes to the company's internal control over financial reporting occurred during the quarter ended March 31, 2023[315](index=315&type=chunk) [Part II—Other Information](index=42&type=section&id=Part%20II%E2%80%94Other%20Information) [Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal matters, including intellectual property claims, with management believing outcomes will not materially adversely affect financial condition - The company is party to various intellectual property claims and other legal matters, with management believing the outcomes will not have a **material adverse effect** on the business[96](index=96&type=chunk)[316](index=316&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's 2022 Annual Report on Form 10-K have occurred - No material changes to the risk factors disclosed in the 2022 Annual Report have occurred[318](index=318&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=42&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2023, the company withheld 700,666 shares at an average price of $7.17 per share to satisfy tax obligations related to vested employee equity awards - Shares purchased by the issuer were withheld to satisfy tax withholding obligations for employees on vested equity awards[97](index=97&type=chunk) Issuer Purchases of Equity Securities (Q1 2023) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | Jan 2023 | 7,646 | $7.55 | | Feb 2023 | 31,666 | $8.59 | | Mar 2023 | 661,354 | $7.10 | | **Total** | **700,666** | **$7.17** | [Exhibits](index=43&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL documents - Key exhibits filed include the CEO and CFO certifications pursuant to Rule 13a-14(a) and Section 906 of the Sarbanes-Oxley Act of 2002[130](index=130&type=chunk)[139](index=139&type=chunk)[131](index=131&type=chunk)

CommScope Holding Company, Inc. (NASDAQ:COMM) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Michael McCloskey - Director, IR Charles Treadway - President, CEO & Director Kyle Lorentzen - EVP & CFO Conference Call Participants Tal Liani - Bank of America Merrill Lynch Shannon Cross - Crédit Suisse Steven Fox - Fox Advisors Simon Leopold - Raymond James & Associates Amit Daryanani - Evercore ISI Matthew Niknam - Deutsche Bank Timothy Savageaux - Northland Capital Markets K ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duri ...

COMMSCOPE® November 3, 2022 Third Quarter 2022 Results COMMSCOPE® Important information 1 Caution Regarding Forward Looking Statements This presentation or any other oral or written statements made by us or on our behalf may include forward-looking statements that reflect our current views with respect to future events and financial performance. These statements may discuss goals, targets, intentions or expectations as to future plans, trends, events, results of operations or financial condition or otherwis ...

CommScope Holding Company, Inc. (NASDAQ:COMM) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Michael McCloskey - Director, IR Charles Treadway - President, CEO & Director Kyle Lorentzen - EVP & CFO Conference Call Participants Samik Chatterjee - JPMorgan Chase & Co. Ahmed Badri - Crédit Suisse Steven Fox - Fox Advisors Simon Leopold - Raymond James & Associates Amit Daryanani - Evercore ISI James Suva - Citi Meta Marshall - Morgan Stanley George Notter - Jefferies Operator ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36146 CommScope Holding Company, Inc. (Exact name of registrant as specified in its charter) Delaware 27-4332098 (State or o ...

CommScope Holding Company, Inc. (NASDAQ:COMM) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Michael McCloskey - Head of Investor Relations Chuck Treadway - President & Chief Executive Officer Kyle Lorentzen - Executive Vice President & Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Samik Chatterjee - JPMorgan George Notter - Jefferies Matt Niknam - Deutsche Bank Simon Leopold - Raymond James Steven Fox - Fox Advisors Rod Hall - Goldman S ...

1. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36146 | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------- ...

COMMSCOPE® May 5, 2022 First Quarter 2022 Results COMMSCOPE® Important information Caution Regarding Forward Looking Statements This presentation or any other oral or written statements made by us or on our behalf may include forward-looking statements that reflect our current views with respect to future events and financial performance. These statements may discuss goals, intentions or expectations as to future plans, trends, events, results of operations or financial condition or otherwise, in each case, ...

CommScope Holding Company, Inc. (NASDAQ:COMM) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Michael McCloskey - Head of Investor Relations Chuck Treadway - President and CEO Kyle Lorentzen - Executive Vice President and CFO Conference Call Participants George Notter - Jefferies Steven Fox - Fox Advisors Rod Hall - Goldman Sachs Sami Badri - Credit Suisse Meta Marshall - Morgan Stanley Matt Niknam - Deutsche Bank Simon Leopold - Raymond James Amit Daryanani - Evercore Jim Suva ...