CommScope Holding Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 06:14 am EDT
Share
CommScope Holding Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 2,300.2 million compared to USD 2,185.3 million a year ago. Net loss was USD 61 million compared to USD 153.8 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.82 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 0.82 a year ago.
For the six months, sales was USD 4,528.8 million compared to USD 4,257.3 million a year ago. Net loss was USD 200.9 million compared to USD 251.4 million a year ago. Basic loss per share from continuing operations was USD 1.11 compared to USD 1.38 a year ago. Diluted loss per share from continuing operations was USD 1.11 compared to USD 1.38 a year ago.
CommScope Holding Company, Inc. is a global provider of infrastructure solutions for communication, data center and entertainment networks. Its segments include Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS). The CCS segment provides fiber optic and copper connectivity and cable solutions for use in telecommunications, cable television, residential broadband networks, data centers and business enterprises. The OWN segment includes base station antennas, radio frequency filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel, accessories and the wireless spectrum management business, Comsearch. The NICS segment provides wireless networks for enterprises and service providers. The ANS segmentâs product solutions include cable modem termination systems, video infrastructure, distribution and transmission equipment and cloud solutions.