Earnings release
Page 1
• COMMSCOPE® News Release CommScope Reports Second Quarter 2021 Results Second quarter net sales increased 4 % year - over - year for consolidated company • • Core CommScope second quarter net sales increased 18 % year - over - year * Momentum in Broadband Networks continues with 22 % year - over - year increase in net sales Second Quarter Highlights • Net sales of $ 2.185 billion • Core net sales of $ 1.729 billion * • GAAP net loss of $ ( 153.8 ) million • Non - GAAP adjusted EBITDA of $ 307.7 million • Core adjusted EBITDA of $ 293.1 million * • Cash flow generated by operations of $ 191.6 million and non - GAAP adjusted free cash flow of $ 197.8 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 second quarter segment comparison tables below showing the aggregation of the Core financial measures . HICKORY , NC , August 5 , 2021 - CommScope Holding Company , Inc. ( NASDAQ : COMM ) , a global leader in network connectivity solutions , today reported results for the quarter ended June 30 , 2021 . Net sales Core net sales ( 1 ) GAAP net loss GAAP net loss per share Non - GAAP adjusted EBITDA ( 2 ) Core adjusted EBITDA ( 1 ) Non - GAAP adjusted net income per diluted share ( 2 ) Q2 2021 Summary of Consolidated Results Q2 2020 % Change YOY ( in millions , except per share amounts ) 2,185.3 $ 2,102.8 3.9 % 1,728.8 1,467.5 17.8 ( 153.8 ) ( 321.1 ) ( 52.1 ) ( 0.82 ) ( 1.71 ) ( 52.0 ) 307.7 279.8 10.0 293.1 241.4 21.4 0.43 0.32 34.4 % ( 1 ) " 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 of the Home Networks segment . See the second quarter segment comparison tables below showing the aggregation of the Core financial measures . ( 2 ) See Description of Non - GAAP Financial Measures and Reconciliation of GAAP Measures to Non - GAAP Adjusted Measures below