CommScope Holding Company, Inc. reported net sales of $1.112 billion for the first quarter of 2025, representing a 23.5% increase year-over-year. The company achieved GAAP income from continuing operations of $289.7 million, or $1.06 per share, a significant improvement from a loss of $(242.9) million, or $(1.22) per share, in the prior year period.
Core non-GAAP adjusted EBITDA surged by 159.2% year-over-year to $245.2 million, marking the fourth consecutive quarter of improvement. The Core adjusted EBITDA as a percentage of net sales expanded significantly to 22.0% from 10.5% in Q1 2024. The Connectivity and Cable Solutions (CCS) segment was a key driver, with data center revenue growing by 88% year-over-year.
CommScope reconfirmed its 2025 Core adjusted EBITDA guideposts in the range of $1.00 billion to $1.05 billion. The company also announced that its Board of Directors approved a share repurchase plan, authorizing the repurchase of up to an aggregate of $50 million of its outstanding common stock.
The company highlighted the completion of the Outdoor Wireless Networks (OWN) and Distributed Antenna Systems (DAS) divestiture on January 31, 2025. Proceeds from this sale were used to repay all outstanding amounts under the asset-based revolving credit facility, partially repay 2029 Senior Secured Notes, and fully repay 2026 Senior Secured Notes, pushing the next credit maturity to 2027. CommScope ended the quarter with approximately $856 million in liquidity, combining cash and ABL availability.
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