CommScope reports Q4 non-GAAP EPS 18c, consensus 3c

Reports Q4 revenue $1.17B, consensus $1.12B. “2024 marked a transitional year for CommScope (COMM). Despite a challenging start, and volatile market conditions, we stayed committed to what we could control to improve company performance and profitability with sequential Core quarterly adjusted EBITDA improvement throughout the year. For the fourth quarter, Core CommScope reported net sales of $1.17B, an increase of 27% from the prior year and delivered adjusted EBITDA of $240M, an improvement of 69% year-over-year. Q4 adjusted EBITDA as a percentage of revenues was 20.6%, a year-over-year improvement of 510 basis points. Supported by our investments in production capacity, the CCS segment led the way with growth in all businesses, with the strongest growth in hyperscale and cloud data centers to support GenAI datacenter builds across the world,” said Chuck Treadway, President and CEO.