CommScope Holding Company, Inc. (COMM) recently upgraded its SYSTIMAX portfolio to launch SYSTIMAX 2.0 to provide improved solutions to better handle the evolving network infrastructure challenges. The portfolio improvement is likely to give the company an edge over other players in the market.SYSTIMAX solutions have been known for providing high-performance connectivity solutions for data centers, enterprise networks and telecommunications over the past four decades. The brand offers a wide range of struct ...

CLAREMONT, N.C.--(BUSINESS WIRE)--CommScope (NASDAQ: COMM), a global leader in network connectivity, announces SYSTIMAX® 2.0 enhancements, the next generation of its SYSTIMAX building and data center connectivity portfolio which provides customers with the latest structured cabling solutions and support to meet the challenges of today and tomorrow. Inside buildings, data centers and across campuses, technology disruption and operational demands are intensifying. Therefore, it’s more important than ever t ...

COMMSCOPE® November 9, 2023 Third Quarter 2023 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 targets, intentions or expectations as to future plans, trends, events, results of operations or financial condition or otherwise, in eac ...

Financial Data and Key Metrics Changes - CommScope reported core net sales of $1.35 billion and core adjusted EBITDA of $245 million for Q3 2023, reflecting a 32% decline in net sales and a 30% decrease in adjusted EBITDA year-over-year [3][8][87] - The company revised its 2023 core adjusted EBITDA guidance to a range of $1 billion to $1.05 billion due to lower customer orders and macroeconomic uncertainty [4][91] - Adjusted EPS was $0.13 per share, a 74% decrease from the prior year [8] Business Line Data and Key Metrics Changes - The CCS segment reported net sales of $633 million, down 37% year-over-year, with adjusted EBITDA of $79 million, a decrease of 58% [87] - The OWN segment's net sales were $210 million, a 45% decline from the prior year, with adjusted EBITDA also declining by 45% [63] - The A&S segment saw net sales of $218 million, down 36% year-over-year, but adjusted EBITDA remained flat at $58 million due to cost reductions [10][63] - The ICN segment increased by 26%, with mix adjusted EBITDA rising by 155% year-over-year, driven by stronger demand and operational improvements [9] Market Data and Key Metrics Changes - The overall market remains uncertain, with customers managing inventory levels and capital spending, leading to lower order rates [6][62] - The company noted a significant overbuying trend among customers, estimating it could be around 20% [29] - The DOCSIS 4.0 upgrade cycle is expected to drive future demand, although short-term performance is impacted by inventory adjustments and project delays [7][50] Company Strategy and Development Direction - CommScope is focusing on cost management, having implemented approximately $150 million in cost reduction activities in 2023, with plans for an additional $100 million by Q1 2024 [83][91] - The company is investing in automation and efficiency projects to improve its cost structure and is optimistic about long-term growth opportunities in broadband infrastructure and cable upgrades [5][58] - The recent SCTE Cable-Tec Expo showcased the company's commitment to DOCSIS 4.0 upgrades and its strong market position [7] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the lack of recovery in customer orders for Q4, despite previous expectations for a rebound [44][67] - The company remains bullish on long-term growth, citing government funding for connectivity and market recovery as key drivers [4][58] - Management acknowledged the challenges posed by the current passive telecom recession and emphasized the importance of managing what can be controlled [91][67] Other Important Information - CommScope announced the divestiture of its home business to Vantiva, which is expected to position the business for success in a challenging market [64] - The company ended the quarter with a net leverage ratio of 6.7x and plans to use cash opportunistically for debt buybacks [12][90] Q&A Session Summary Question: What is the outlook for the A&S segment? - Management expects improvement in the A&S segment by the second half of 2024, driven by strong demand for amplifiers [94] Question: How is visibility across different business segments? - Visibility is lowest in the CCS and OWN segments, while ANS shows more short-term challenges due to inventory adjustments [117] Question: What are the potential impacts of the Enhance ACAM program? - The Enhance ACAM program may cause customers to pause decisions on funding, impacting revenue in 2024, with a larger ramp expected in 2025 [24][26] Question: What is the company's strategy regarding asset sales? - Management confirmed that asset sales are a possibility to address capital structure but did not provide specifics on which assets may be monetized [104][117] Question: How are input costs affecting the business? - Input costs remain mixed, with some relief observed, but overall costs are still higher than pre-supply chain challenges [77][78]

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, 2023 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 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Massimo Disabato - Vice President, Investor Relations Charles Treadway - President and Chief Executive Officer Kyle Lorentzen - EVP and Chief Financial Officer Conference Call Participants George Notter - Jefferies Meta Marshall - Morgan Stanley Tal Liani - Bank of America Matthew Niknam - Deutsche Bank Shannon Cross - Credit Suisse Samik Chatterjee - JP Morgan Operator Thank you for ...

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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, 2023 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 other ...

Financial Data and Key Metrics Changes - For Q1 2023, consolidated CommScope reported net sales of $2 billion, a decrease of 10% year-over-year, while adjusted EBITDA increased by 23% to $312 million [4][31][66] - Core adjusted EBITDA increased by 37% compared to the prior year, despite lower revenues [4][13] - Adjusted EPS was $0.35 per share, reflecting a 35% increase from the prior year [31] Business Line Data and Key Metrics Changes - Core CommScope net sales of $1.66 billion declined 4% from the prior year, with adjusted EBITDA of $315 million increasing by 37% [13][31] - NICS adjusted EBITDA improved to $58 million from a loss of $14 million in the prior year, driven by stronger demand and better pricing [33] - OWM net sales decreased by 34% to $258 million, while ANS net sales decreased by 6% to $299 million, primarily due to project timing and lower spending from North American service providers [15][16][62] Market Data and Key Metrics Changes - The backlog for core CommScope ended the quarter at $2.4 billion, approximately $1 billion higher than at the end of 2020, despite a 17% decrease from the end of 2022 [24][60] - The book-to-bill ratio for the quarter was 0.68, indicating a decline in order rates [23][60] - Customer inventory adjustments are expected to impact revenue in the second quarter, with a stronger recovery anticipated in the second half of 2023 [6][66] Company Strategy and Development Direction - The company is focusing on cost structure improvements and operational efficiency through the CommScope NICS initiatives [7][38] - There is a strong emphasis on innovation, with new products like the HeliARC fiber optic cable aimed at reducing installation complexity and costs [27][115] - The company is well-positioned to benefit from government subsidies aimed at closing the digital divide, with significant investments in fiber optic cable manufacturing [9][26] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the near-term demand environment but remains optimistic about medium and long-term growth, particularly in the CCS segment [6][68] - The company anticipates a stronger second half of 2023, driven by improved order rates and ongoing customer discussions [8][66] - Management highlighted the importance of maintaining a balance between cost reduction and investment for growth [110] Other Important Information - The company ended the quarter with $327 million in global cash and total available liquidity of over $1 billion [36] - A cyber incident occurred during the quarter but had minimal impact on business operations due to prior investments in IT resilience [13] Q&A Session Summary Question: Can you provide more color on customer inventories in the OWM and CCS segments? - Management noted that customers had built up inventories in 2022, and destocking has been occurring, but many customers expect a strong rebound in the second half [43] Question: How can further improvements in EBITDA from NICS initiatives be achieved? - Management indicated that there are cost opportunities available, and they will adjust initiatives based on demand [44] Question: What is the outlook for the ANS segment? - The ANS segment is expected to be second half weighted, with better performance anticipated as project timing improves [79] Question: How confident is management in the recovery of order rates in the second half? - Management remains cautious but noted that customer sentiment is bullish, particularly regarding government funding and inventory levels [102] Question: What is the composition and stability of the backlog? - The backlog is considered solid, with minimal cancellations, and includes price increases implemented to offset inflation [106][107]

($15) ($95) ($88) $387 ($46) 1Q'22 2Q'22 3Q'22 4Q'22 1Q'22 2Q'22 3Q'23 4Q'22 ($24) ($91) ($91) $403 ($40) 1Q'23 1Q'23 © 2023 CommScope, Inc. All rights reserved. | CommScope, ARRIS and the ARRIS logo are trademarks of CommScope, Inc. and/or its affiliates. All other trademarks are the property of their respective owners. NM – Not meaningful (1) "Core" financial measures reflect the results of the Connectivity and Cable Solutions, Networking, Intelligent Cellular and Security Solutions, Outdoor Wireless Netw ...