CommScope Reports Second Quarter 2015 Results Consistent With Guidance
CommScope Holding Company, Inc. (NASDAQ: COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, reported sales of $867 million and net income of $46 million, or $0.24 per diluted share, for the quarter ended June 30, 2015. Non-GAAP adjusted net income for the second quarter of 2015 was $95 million, or $0.49 per diluted share. A reconciliation of reported GAAP results to non-GAAP results is attached.
For the quarter ended June 30, 2014, CommScope reported sales of $1.1 billion and net income of $28 million or $0.15 per diluted share. Non-GAAP adjusted net income for the second quarter of 2014 was $139 million, or $0.73 per diluted share.
"We delivered stronger sequential performance in all of our businesses, which was consistent with our outlook," said President and Chief Executive Officer Eddie Edwards. "We executed despite slow spending by certain North American wireless operators and foreign exchange rate headwinds.
Read the full press release at www.commcsope.com