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CommScope Announces Q3 Adjusted EPS of 62 Cents, Exceeding Consensus Estimate of 37 Cents
Reports Q3 revenue $1.63B, consensus $1.37B. "We are pleased with our outstanding results in Q3. CommScope net sales of $1.63B increased 50.6% from the prior year. Non-GAAP adjusted EBITDA was $402M, a strong improvement of 97% year-over-year, marking the sixth consecutive quarter of adjusted EBITDA growth. Q3 adjusted EBITDA as a percentage of revenues was 24.7%, compared to 18.9% in the prior year, a year-over-year improvement of 580 basis points...We are well positioned as we move into the fourth quarter and are raising our 2025 consolidated adjusted EBITDA guideposts to $1.30B-$1.35B as well as raising our RemainCo adjusted EBITDA guidance to $350M-$375M," said CEO Chuck Treadway. "We now expect our CCS deal to close in Q1 of 2026. When the deal closes, we plan to repay all existing debt, redeem our preferred equity and add modest new leverage to the remaining company. This will generate significant excess cash, and we expect to distribute a substantial portion of such excess cash to our common shareholders as a special dividend within 60 to 90 days following the closing of the transaction...During the quarter, we increased our cash balance by $134 million and ended the quarter with $705M of cash. As evidenced by Q3 results in ANS and RUCKUS, we are excited about the future of the remaining company. On a twelve-month trailing basis, ANS and RUCKUS Non-GAAP adjusted EBITDA was $344M, up 135% versus the previous twelve-month period," said CFO Kyle Lorentzen.
CommScope Shareholders Greenlight Sale of CCS Division to Amphenol
CommScope Holding Company, Inc. (COMM) announced that the holders of 70% of the company's outstanding stock as of the September 8, 2025 record date have voted to approve the proposed sale of the company's Connectivity and Cable Solutions business to Amphenol Corporation (APH) at a special meeting of stockholders held today. The proposed sale required that the holders of a majority of the outstanding stock of the company vote to approve the transaction.
CommScope and Comcast Speed Up Deployment of DOCSIS 4.0 Amplifiers
One year after announcing the initial Full Duplex DOCSIS amplifier deployments, Comcast (CMCSA) and CommScope (COMM) have announced that they are live in every market that Comcast operates and delivering multi-gigabit symmetrical speeds available to millions of homes over their existing connections. These products are a component in Comcast's ongoing DOCSIS 4.0 network upgrades.
CommScope sees FY25 adjusted EBITDA $1.15B-$1.2B
"With the proceeds from the recently announced transaction, we expect to repay all existing debt, redeem our preferred equity and add modest leverage to the remaining company. We will have significant excess cash. We expect to distribute this excess cash to our common shareholders as a dividend within 60 to 90 days following the closing of the proposed transaction after taking into account all relevant factors. The exact amount and timing of the dividend will be determined by the Company after closing. As evidenced by the second quarter results in ANS and RUCKUS, we are excited about the future of the remaining company. On a twelve-month trailing basis, ANS and RUCKUS Non-GAAP adjusted EBITDA was $300 million on Net Sales of $1.7 billion," said Kyle Lorentzen, CFO.
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