Exhibit 99.1 CommScope Reports Fourth Quarter and Full Year 2024 Results Fourth Quarter Highlights Full Year Highlights * Core financial measures reflect the results of the Connectivity and Cable Solutions (CCS), Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments, in the aggregate, and exclude general corporate costs that were previously allocated to the Outdoor Wireless Networks (OWN) segment, Distributed Antenna Systems (DAS) business unit and Home ...

Financial Performance - For the year ended December 31, 2024, the company's revenues were $4.21 billion, with a loss from continuing operations of $461.0 million[22]. - The company reported a net loss for 2024 of $315.5 million, a significant improvement compared to a net loss of $1,506.8 million in 2023[287]. - The company reported a non-GAAP pro forma adjusted EBITDA of $717.6 million for the year ended December 31, 2024, reflecting annualized savings from cost reduction initiatives of $17.4 million[282]. - Non-GAAP adjusted EBITDA for 2024 was $700.2 million, compared to $664.3 million in 2023, reflecting a 5.5% increase[297]. - The Connectivity and Cable Solutions segment achieved an operating income of $466.1 million in 2024, up from $132.8 million in 2023[301]. - The Networking, Intelligent Cellular and Security Solutions segment reported an operating loss of $44.7 million in 2024, compared to an operating income of $57.6 million in 2023[302]. - The Access Network Solutions segment recorded an operating loss of $80.9 million in 2024, significantly improved from a loss of $476.0 million in 2023[303]. Market and Growth Opportunities - The CCS segment generated net sales of $2.8 billion, accounting for 67.2% of total revenues, while the NICS and ANS segments contributed $0.6 billion (13.1%) and $0.8 billion (19.7%) respectively[23][24][25][26]. - The company anticipates continued growth in demand for connectivity driven by the rise of AI, cloud computing, and high-performance computing, necessitating rapid innovation in data center design and technology[32]. - The shift towards network convergence is expected to continue, with operators integrating voice, video, and data communications into a single network architecture[30]. - The company focuses on high-growth opportunities such as fiber optic connectivity, Wi-Fi 7, and 5G network solutions[69]. - Government-sponsored broadband improvement programs are expected to drive technology and device sales, particularly in the U.S., with more funds anticipated in 2025[31]. Innovation and Product Development - CommScope NEXT initiative has positively impacted net sales, profitability, and cash flow, with expectations for further improvements as demand recovers[41]. - The company plans to introduce new products and scale software solutions to meet growing market demands[48]. - The transition to Wi-Fi 7 is anticipated to deliver high throughput and low latency, enabling advanced applications such as XR and 4K/8K streaming[40]. - The company invested $316.2 million in research and development (R&D) during 2024 to advance product innovation and decrease total cost of deployment and ownership[59]. Financial Position and Cash Flow - As of December 31, 2024, the company had an order backlog of $977.1 million, up from $860.1 million in 2023[70]. - The company expects a majority of its backlog as of December 31, 2024, to be recognized as revenue during 2025[70]. - Cash and cash equivalents increased by $119.5 million during 2024, with approximately 42% held outside the U.S.[283]. - Net cash generated by operating activities for 2024 was $273.1 million, a decrease of 8.1% from $297.3 million in 2023[286]. - Cash used in investing activities for 2024 was $(57.2) million, a significant decrease from $30.9 million generated in 2023[286]. - Capital expenditures for 2024 totaled $26.2 million, with a notable reduction in capital expenditures related to discontinued operations[285]. Debt and Financing - The company anticipates total interest payments on long-term debt to reach $2,906.8 million, with $613.5 million due in 2025[279]. - In 2024, the company repaid $4,338.6 million in long-term debt and issued $4,350.0 million in new long-term debt[290]. - The company completed refinancing transactions including the issuance of $1,000 million in senior secured notes and a new senior secured term loan facility of $3,150.0 million[290]. - The company incurred $59.4 million in original issuance discount and $33.1 million in debt issuance costs related to refinancing transactions in 2024[290]. Customer Relationships and Market Competition - Approximately 19% of consolidated net sales for the year ended December 31, 2024, were derived from the top two direct customers[50]. - The company operates in a highly competitive market with significant domestic and international competition across all segments[56]. - The company maintains long-term relationships with key customers, which helps mitigate risks associated with customer purchasing variability[54]. Goodwill and Impairment - As of January 1, 2024, the company assessed goodwill for impairment and determined that no impairment existed following the reallocation of goodwill after changes in reporting units[311]. - The annual goodwill impairment test for 2024 indicated that the fair value of each reporting unit exceeded its carrying value, with a discount rate range of 9.5% to 14.5%[312]. - The ANS reporting unit has low headroom, posing a risk for future impairment if economic conditions decline or cash flow forecasts decrease materially[313]. - The company reported a goodwill balance of $266.0 million as of December 31, 2024, with a 3.0% excess of fair value to carrying value for the October 1, 2024 test[315]. Revenue Recognition and Accounting Policies - Revenue is primarily generated from product sales, which account for over 90% of total revenue, recognized at the point of shipment[318]. - Revenue recognition follows a five-step approach as defined in ASC 606, ensuring accurate timing and amount of revenue recognized[317]. - The company maintains reserves for inventory based on market conditions, which could lead to material impacts on operations if actual conditions deteriorate[323]. - The company establishes income tax valuation allowances when it is more likely than not that deferred tax assets will not be realized, impacting earnings if adjustments are necessary[324]. - Legal fees related to lawsuits are expensed as incurred, and loss contingencies are accrued when losses are probable and estimable[321]. - The company recognizes income tax benefits only when it is more likely than not that the tax position will be sustained, requiring significant judgment[326].

Group 1: Partnership and Market Expansion - CommScope has partnered with the National Content & Technology Cooperative (NCTC) to enhance broadband access for independent service providers in remote areas of the U.S. [1] - The partnership aims to bridge the technology gap for independent broadband and TV service providers, enabling easier access to advanced network solutions [1][3]. - NCTC serves one-third of all U.S. households and has a strong presence across all 50 states, which will help expand CommScope's market reach [4]. Group 2: Product Offerings and Support - CommScope will provide its Build America, Buy America compliant portfolio and assist NCTC in securing funding under the Broadband Equity Access and Deployment (BEAD) program [3]. - The company offers a comprehensive suite of infrastructure solutions, including wireless and fiber optic technologies, to support FTTH network deployment in underserved areas [3]. Group 3: Financial Performance and Stock Movement - CommScope's shares have increased by 153.4% over the past year, outperforming the industry growth of 44.8% [6]. - Despite the positive stock performance, the company faces challenges such as inventory adjustments and weak demand in certain segments [5].

Agreement will facilitate network design assistance and grant application guidance for NCTC membersCLAREMONT, N.C. and OVERLAND PARK, Kan., Feb. 11, 2025 /PRNewswire/ -- CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today a collaboration with the National Content & Technology Cooperative (NCTC) to provide enhanced access to CommScope's end-to-end network solutions for NCTC members.NCTC supports independent broadband and pay-TV communications service providers serving small and ...

Core Viewpoint - CommScope Holding Company, Inc. has completed the divestiture of its Outdoor Wireless Networks (OWN) and Distributed Antenna Systems (DAS) businesses to Amphenol Corporation for approximately $2.1 billion, allowing the company to focus on its core operations and improve financial stability [1][2][4]. Financial Impact - The divestiture proceeds will be used to fully repay outstanding amounts under CommScope's asset-backed revolving credit facility and to repay senior secured notes due in 2026 and partially for those due in 2029 [3]. - As of September 30, 2024, CommScope had $392.1 million in cash and cash equivalents against $8 billion in long-term debt, resulting in a debt-to-capital ratio of 155.8% [5][6]. Strategic Focus - The divestiture is part of a broader strategy to enhance operational efficiency and prioritize core businesses, following the earlier divestiture of the Home Networks business to Vantiva [4]. - The acquired businesses are projected to generate around $1.3 billion in net sales in fiscal 2025, indicating a strong potential for Amphenol [2]. Stock Performance - CommScope's shares have increased by 139.2% over the past year, significantly outperforming the industry growth of 45.2% [7].

Group 1 - The article discusses the performance of CommScope Holding Company (NASDAQ: COMM), noting that the stock was recovering from its all-time lows at around $1.73 [2] - The author previously recommended a Hold position on CommScope, anticipating potential further declines in performance [2] Group 2 - The author expresses a strong interest in studying market dynamics, company growth, and long-term investment opportunities [2]

Core Insights - CommScope Holding Company, Inc. reported disappointing third-quarter 2024 results, with both adjusted earnings and revenues falling short of Zacks Consensus Estimates [1] Financial Performance - The company experienced a year-over-year revenue increase, primarily driven by improved sales in the Connectivity and Cable Solutions (CCS) segment, but faced challenges from lower capital spending, inventory adjustments, and weak demand in various sectors [2] - On a GAAP basis, the net loss for the third quarter was $49.4 million, or a loss of $0.23 per share, compared to a net loss of $844.2 million, or a loss of $3.98 per share in the same quarter last year [3] - Non-GAAP net loss was $13.2 million, or a loss of $0.05 per share, compared to a net loss of $30.3 million, or a loss of $0.12 per share in the prior-year quarter, missing the Zacks Consensus Estimate by $0.38 [3] Revenue Breakdown - Net sales for the quarter were $1.08 billion, up from $1.05 billion a year ago, but missed the consensus estimate of $1.43 billion [4] - Revenues in the CCS segment increased by 16.8% to $736.7 million from $630.5 million in the previous year, driven by strong demand in the hyperscale and cloud business [4] - Sales in the Networking, Intelligent Cellular and Security Solutions (NICS) segment, excluding Distributed Antenna Systems (DAS), decreased by 22.3% year over year to $157.5 million [5] - Access Network Solutions (ANS) segment revenues were $188 million, down 14.7% year over year [5] Regional Performance - Revenues in the United States increased by 3.1% year over year to $714.6 million [6] - Europe, the Middle East, and Africa reported revenues of $159.3 million, up 4% from the previous year [6] - Asia Pacific revenues were $126.6 million, up 0.4% year over year [6] - Caribbean and Latin American revenues fell by 5% year over year to $47.5 million, while Canadian revenues increased by 10.3% year over year to $34.2 million [6] Strategic Developments - CommScope entered into a definitive agreement with Amphenol Corporation for the divestiture of its OWN segment and DAS business unit, expected to close in the first half of 2025 for approximately $2.1 billion in cash [7] Operational Metrics - Gross profit increased to $435.1 million from $380.2 million in the prior-year quarter, with total operating expenses declining to $337.3 million from $788.6 million [8] - The company recorded an operating income of $102.2 million compared to an operating loss of $408.4 million a year ago [8] - Non-GAAP adjusted EBITDA was $204.2 million, up 30.2% year over year, driven by the strength in the CCS segment [8] Cash Flow and Outlook - In Q3 2024, CommScope generated $122.2 million in cash from operating activities, down from $138.8 million in the prior-year period [9] - As of September 30, 2024, the company had $392.1 million in cash and cash equivalents and $8 billion in long-term debt [9] - For 2024, management expects core adjusted EBITDA in the range of $645-$695 million, with breakeven adjusted free cash flow anticipated [9]

Financial Data and Key Metrics Changes - CommScope reported net sales of $1.082 billion for Q3 2024, a year-over-year increase of 3% [5][22] - Adjusted EBITDA for the same period was $220 million, reflecting a 25% increase year-over-year, with adjusted EBITDA as a percentage of sales rising from 16.7% to 20.4% [5][6][22] - Core adjusted EBITDA increased by 10% sequentially from Q2 2024 [22] Business Line Data and Key Metrics Changes - CCS revenue grew by 17% year-over-year to $737 million, with adjusted EBITDA increasing by 115% to $174 million [7][24] - Core NICS revenue decreased by 22% year-over-year to $157 million, while adjusted EBITDA fell by 29% to $28 million [26] - ANS net sales were $188 million, down 15% from the prior year, with adjusted EBITDA decreasing by 67% to $19 million [28] Market Data and Key Metrics Changes - The demand for data centers is projected to grow by 20% to 25% year-over-year, with significant investments in capacity expansion to meet this demand [39] - The broadband market is stabilizing, but demand remains low compared to 2021 and 2022, with expectations for project initiation in late 2025 [9] Company Strategy and Development Direction - The company is focusing on enhancing profitability through specific initiatives and cost management, with a strong emphasis on the CommScope NEXT program [6][19] - Investments in capacity expansion are expected to yield high returns with short paybacks, particularly in the data center segment [8][50] - The company is navigating through varying market conditions, maintaining a bullish outlook for medium and long-term growth across all segments [19][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the CCS segment, driven by data center growth and inventory normalization, while acknowledging uncertainty in the NICS and ANS segments [33][37] - The company expects core adjusted EBITDA for the full year 2024 to be between $700 million to $750 million, with breakeven free cash flow [33] Other Important Information - The divestiture of the OWN and DAS businesses is expected to close in Q1 2025, providing the company with flexibility in evaluating its capital structure [20][29] - The company ended Q3 2024 with $456 million in cash and total available liquidity of approximately $1.024 billion [31][32] Q&A Session Summary Question: Capacity expansion for data center opportunities - Management indicated that the investment could generate an additional $300 million in revenue, with a growth rate of 20% to 25% expected [39] Question: Clarification on FDX shipments and amplifiers - Management confirmed that FDX node shipments are increasing, with a significant ramp-up of FDX amplifiers expected in 2025 [44] Question: EBITDA margin expansion sources - Management noted that EBITDA margin improvements are due to a combination of favorable product mix, cost reductions, and sales leverage [48] Question: Revenue growth between carriers and data center customers - Management stated that the majority of the 17% revenue growth in CCS is driven by data centers, with some growth in the copper business [53] Question: Impact of stranded costs on core numbers - Management estimated a potential headwind of approximately $20 million in stranded costs on a year-over-year basis [56] Question: Demand from carriers and impact of delays - Management acknowledged positive projections for fiber builds but noted delays in network upgrades from specific customers [64]

Core Insights - CommScope reported revenue of $1.08 billion for the quarter ended September 2024, a decrease of 32.3% year-over-year, and an EPS of -$0.05 compared to $0.13 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.42 billion by 24.05%, and the EPS was significantly below the consensus estimate of $0.33, resulting in an EPS surprise of -115.15% [1] Financial Performance Metrics - Net Sales for Connectivity and Cable Solutions (CCS) were $736.70 million, exceeding the average estimate of $729.48 million by four analysts, representing a year-over-year increase of 16.5% [3] - Net Sales for Access Network Solutions (ANS) were $188 million, below the average estimate of $196.96 million, reflecting a year-over-year decline of 13.9% [3] - Net Sales for Networking, Intelligent Cellular and Security Solutions (NICS) were $157.50 million, significantly lower than the average estimate of $192.44 million, indicating a year-over-year decrease of 45.5% [3] - Adjusted EBITDA for NICS was $27.80 million, surpassing the average estimate of $17.63 million [3] - Adjusted EBITDA for ANS was $18.70 million, falling short of the average estimate of $45.19 million [3] - Adjusted EBITDA for CCS was $173.90 million, slightly above the average estimate of $161.92 million [3] Stock Performance - CommScope's shares have returned +11.2% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Company Performance - CommScope reported a quarterly loss of $0.05 per share, significantly missing the Zacks Consensus Estimate of $0.33, and down from earnings of $0.13 per share a year ago, representing an earnings surprise of -115.15% [1] - The company posted revenues of $1.08 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 24.05%, and down from $1.6 billion in the same quarter last year [2] - Over the last four quarters, CommScope has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - CommScope shares have increased approximately 146.5% since the beginning of the year, outperforming the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $1.44 billion, and for the current fiscal year, it is $0.98 on revenues of $5.42 billion [7] Industry Outlook - The Communication - Infrastructure industry, to which CommScope belongs, is currently in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly impact stock performance [5][8]