CommScope Holding Company, Inc. reported net sales of $1.169 billion for the fourth quarter of 2024, marking a 26.6% increase year-over-year. The company's GAAP loss from continuing operations improved to $(65.2) million, or $(0.38) per share, compared to a loss of $(414.0) million, or $(2.02) per share, in the prior year period.
Core non-GAAP adjusted EBITDA surged by 68.7% to $240.4 million in Q4 2024, with the Core adjusted EBITDA as a percentage of net sales increasing to 20.6%. This strong performance was led by the Connectivity and Cable Solutions (CCS) segment, which saw a 36.3% increase in net sales and a 110.0% rise in adjusted EBITDA.
For the full year 2024, Core CommScope reported net sales of $4.21 billion and delivered Core adjusted EBITDA of $756.4 million, which remained flat year-over-year despite an 8% decline in net sales. The company provided 2025 annual guideposts for Core adjusted EBITDA in the range of $1.00 billion to $1.05 billion.
CommScope generated $271 million in free cash flow for the fourth quarter, bringing the full-year free cash flow to $248 million. The company ended 2024 with a strong liquidity position of $1.1 billion, including $663 million in cash. Management highlighted significant progress on debt refinancing in Q4 2024, pushing out 2025 and a portion of 2026 debt maturities to 2029 and 2031.
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