CommScope Holding Company, Inc. (COMM) reported soft fourth-quarter 2023 results, with the bottom line and top line missing the respective Zacks Consensus Estimate. Lower capital spending from customers, inventory adjustments, macroeconomic challenges and decrease in net sales in major business verticals led to top-line contraction year over year. Net Income On a GAAP basis, the net loss in the December quarter was $540.9 million or a loss of $2.55 per share compared to a net loss of $1.12 billion or a loss ...

February 29, 2024 Fourth Quarter and Full Year 2023 Results 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 each case ...

CommScope Holding Company, Inc. (NASDAQ:COMM) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Massimo Disabato – Vice President-Investor Relations Chuck Treadway – President and Chief Executive Officer Kyle Lorentzen – Executive Vice President and Chief Financial Officer Conference Call Participants George Notter – Jefferies Victor Chiu – Raymond James Steven Fox – Fox Advisors Meta Marshall – Morgan Stanley Operator Good day, and thank you for standing by. Welcome to Comm ...

For the quarter ended December 2023, CommScope (COMM) reported revenue of $1.19 billion, down 48.8% over the same period last year. EPS came in at -$0.02, compared to $0.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.53 billion, representing a surprise of -22.70%. The company delivered an EPS surprise of -133.33%, with the consensus EPS estimate being $0.06. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Exhibit 99.1 CommScope Reports Fourth Quarter and Full Year 2023 Results Fourth Quarter Highlights • Net sales of $1.186 billion • GAAP loss from continuing operations of $339.0 million, including asset impairments of $145.4 million • Non-GAAP adjusted EBITDA of $190.7 million • Core segment adjusted EBITDA of $198.9 million* • Cash flow generated by operations of $60.4 million and non-GAAP adjusted free cash flow of $91.5 million Full Year Highlights • Net sales of $5.789 billion • GAAP loss from continuin ...

公司运营部门及市场趋势 - 公司目前的四个主要运营部门是：Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS) 和 Access Network Solutions (ANS) [14] - CCS 部门在2023年的净销售额为27亿美元，提供用于电信、有线电视、宽带网络、数据中心和企业的光纤和铜连接和电缆解决方案 [15] - OWN 部门在2023年的净销售额为9亿美元，专注于宏观和城市蜂窝市场，包括基站天线、射频滤波器、塔连接、微波天线等产品 [16] - NICS 部门在2023年的净销售额为11亿美元，提供企业和服务提供商的无线网络，产品包括分布式天线系统、室内和室外Wi-Fi和LTE接入点等 [17] - ANS 部门在2023年的净销售额为11亿美元，产品解决方案包括电缆调制解调器终端系统、视频基础设施、分销和传输设备以及云解决方案 [18] - 公司参与连接性和基础通信基础设施的全球市场，受智能手机、平板电脑、机器对机器通信等需求增长的推动 [19] - 网络架构和技术的演进将继续推动网络部署和投资，包括更好的网络覆盖、更大的宽带接入和增加的容量和数据存储 [20] - 运营商正在向收敛或多用途网络架构转变，将语音、视频和数据通信结合为单一的数据网络 [21] - OTT电视的持续颠覆导致有线运营商继续升级其网络以支持宽带，但对视频和语音服务的投资持续存在疑虑 [22] - 5G网络的密集化将需要大量的光纤电缆和连接性，以实现无线基站之间的连接 [23] - 运营商继续将网络虚拟化和集中化，以使其更加灵活和高效 [24] 公司价值增长和竞争优势 - CommScope自2021年以来一直致力于推动股东价值，通过盈利增长、运营效率和组合优化三大支柱来实现[41] - 有机增长是实现投资者期望的长期正财务回报的可靠手段[42] - 通过优化定价，简化流程和提高市场反应能力来优化产品和解决方案的定价[43] - 通过改进采购流程、降低制造成本和优化成本结构来提高资源利用率[44] - 通过管理模型来管理产品组合，持续寻求优化产品提供方式[45] - 通过CommScope NEXT计划，努力实现有机增长、构建全面的产品和服务组合、推动市场领先创新、保持世界级运营效率和成本结构[47] - 主要竞争对手包括Amphenol Corporation、Belden Inc.、Clearfield, Inc.、Corning Incorporated和Sterlite Technologies Limited等[54] - CommScope在市场领导地位、全球销售渠道、知识产权、产品质量和技术支持等方面具有差异化优势[55] - CommScope是全球通信和娱乐网络连接和基础设施解决方案的领导者，拥有全球领先市场地位[56] - 通过持续创新和专有知识产权，不断提升产品创新和降低部署和拥有成本[57] 财务状况及现金流 - 公司在2023年投入了4.597亿美元用于研发，未来几年将继续进行大量投资[1] - 公司持有全球超过13,000项专利和专利申请以及超过2,700个注册商标和商标申请[2] - 公司雇佣了约20,000名员工，其中约64%为制造业员工，大部分制造业员工位于墨西哥、中国、印度和捷克共和国等低成本劳动力国家[3] - 2023年，现金及现金等价物增加了1.708亿美元，其中约44%的现金及现金等价物存放在美国以外[322] - 2023年，经营活动产生的现金流量为2.899亿美元，较2022年增加了99.9万美元，增幅为52.6%[323] - 2023年，经营活动产生的净现金流量为2.899亿美元，较2022年增加了99.9万美元，增幅为52.6%[324] - 2023年，投资活动净现金流量为3.83亿美元，较2022年减少了82.1万美元[326] - 2023年，融资活动净现金流量为1.817亿美元，较2022年增加了65万美元[327] - 截至2023年12月31日，公司未使用循环信贷设施，剩余可用额度为6.88亿美元[328] - 2023年，公司支付了6,180万美元的股息[330] - 2023年，公司的调整后EBITDA为9.99亿美元，较2022年下降了224.4万美元[335] - 2023年，连接和电缆解决方案部门的调整后EBITDA为3.896亿美元，较2022年下降了254万美元[340] - 网络、智能手机和安全解决方案部门2023年度营业利润为1.27亿美元，调整后的EBITDA为2.25亿美元[1] 会计准则和税务 - 净现金流量估值法和市场方法用于评估报告单位的公允价值[5] - 在2023年第三季度进行了中间期商誉减值测试，导致ANS报告单位商誉部分减值[6] - 2023年度商誉测试显示ANS和BDCC报告单位的商誉余额受到影响，分别记录了部分减值损失[7] - ANS和BDCC报告单位的未来现金流量预测可能会影响商誉的公允价值[8] - 公司根据ASC 606确定收入金额和时间，主要来自产品或设备销售[9] - 公司根据历史经验和合同条款调整销售变量，包括折扣、回扣和退货[10] - 公司建立所得税减值准备金，当有可用证据表明递延所得税资产有可能无法实现时[363] - 未来扣除额或应税收入的金额或时间变化可能对所得税减值准备金水平产生重大影响[364] - 公司还建立了

CLAREMONT, N.C.--(BUSINESS WIRE)--CommScope (NASDAQ: COMM), a global leader in network connectivity, today announced that its Comsearch® spectrum management business has received FCC certification for the commercial deployment of its AFC (automated frequency coordination) system supporting unlicensed 6 GHz standard power and fixed client devices. This certification allows Comsearch AFC to open up 850 MHz of 6 GHz spectrum for shared, FCC-compliant use by unlicensed devices to offer enhanced quality of servi ...

In its upcoming report, CommScope (COMM) is predicted by Wall Street analysts to post quarterly earnings of $0.06 per share, reflecting a decline of 87.8% compared to the same period last year. Revenues are forecasted to be $1.53 billion, representing a year-over-year decrease of 33.8%. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over t ...

CommScope (COMM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 29 ...

CLAREMONT, N.C.--(BUSINESS WIRE)--For the last ten years, a collaboration between the City of San José, CommScope’s (NASDAQ: COMM) RUCKUS Networks and SmartWAVE has been helping drive the Garden City’s smart city vision for safety, sustainability and economic growth. “San José’s potential is limitless,” said Matt Mahan, Mayor, City of San José. “As the heart of Silicon Valley, we have a unique opportunity and a profound responsibility to harness technology to solve some of our biggest challenges. By collabo ...