CommScope(COMM) - 2025 Q3 - Earnings Call Presentation

Financial Performance - Net sales increased to $163 billion, a 51% year-over-year increase, driven by market growth and customer inventory normalization[9] - RemainCo net sales reached $516 million, a 49% increase from the prior year[9] - Adjusted EBITDA improved sequentially for the sixth consecutive quarter, reaching $402 million, a 97% year-over-year increase[9] - RemainCo Adjusted EBITDA increased to $91 million, a 95% increase from the prior year[9] - The company ended the quarter with $705 million in cash, an increase of $134 million[9] Guidance and Outlook - The company is revising its 2025 consolidated Adjusted EBITDA guideposts up to between $130 billion and $135 billion[8] - RemainCo Adjusted EBITDA guidepost is revised up to between $350 million and $375 million for 2025[8] Business Segment Highlights - Access Network Solutions (ANS) saw a 77% year-over-year increase in net sales and a 169% increase in Adjusted EBITDA, driven by DOCSIS 40 product revenue[13] - Connectivity and Cable Solutions (CCS) experienced a 51% year-over-year revenue growth, driven by Cloud and Hyperscale datacenter growth including GenAI projects[13] - CCS EBITDA margin percentage remains strong at 28% due to mix and cost leverage[13] Liquidity and Debt - The company has available liquidity of over $128 billion, including $705 million of cash[24] - Net leverage is 55x as of September 30, 2025, based on pro forma Adjusted EBITDA from continuing operations of approximately $1217 billion[22, 23]