Earnings release
Page 1
COMMSCOPE® News Release • • • • • CommScope Reports First Quarter 2021 Results First quarter net sales increased 2 % year - over - year for consolidated company Momentum in Broadband Networks continues with 29 % increase in net sales and growth in both Network Cable & Connectivity and Network & Cloud Core CommScope first quarter net sales increased 11 % year - over - year * Continued execution of CommScope NEXT strategy to optimize the business portfolio , drive above - market growth , and control costs Previously announced plan to spin - off Home Networks business on track ; CommScope committed to improving performance across Core business of Broadband Networks , Outdoor Wireless Networks and Venue and Campus Networks First Quarter Highlights • Net sales of $ 2.072 billion • Core net sales of $ 1.583 billion * • GAAP net loss of $ ( 97.6 ) million • Non - GAAP adjusted EBITDA of $ 289.7 million • Core adjusted EBITDA of $ 273.3 million * • Cash flow used in operations of $ ( 124.0 ) million and non - GAAP adjusted free cash flow of $ ( 135.0 ) million * References to certain supplementary " Core " financial measures reflect the results of the Broadband Networks , Outdoor Wireless Networks and Venue and Campus Networks segments , in the aggregate . Core financial measures exclude the results and performance of the Home Networks segment . See the first quarter segment comparison tables below showing the aggregation of the Core financial measures . HICKORY , NC , May 6 , 2021 - CommScope Holding Company , Inc. ( NASDAQ : COMM ) , a global leader in network connectivity solutions , today reported results for the quarter ended March 31 , 2021 .