Company Report

CommScope has GAAP net income of $23.9 million in Q4 2020

CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in network connectivity solutions, reported results for the quarter and year ended December 31, 2020.

CommScope generated net income of $23.9 million, or $0.05 per share, in the fourth quarter of 2020, compared to the prior year period’s net loss of $(436.7) million, or $(2.32) per share. NonGAAP adjusted net income for the fourth quarter of 2020 was $143.8 million, or $0.59 per share, versus $106.6 million, or $0.46 per share, in the fourth quarter of 2019.

CommScope generated a net loss of $(573.4) million, or $(3.20) per share, in 2020, compared to the prior year net loss of $(929.5) million, or $(5.02) per share. Non-GAAP adjusted net income for 2020 was $371.0 million, or $1.56 per share, versus $479.4 million, or $2.15 per share, in 2019.

Sourceir.commscope.com

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