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CommScope Holding Company, Inc. COMM reported impressive first-quarter 2025 results, wherein both bottom and top lines surpassed the respective Zacks Consensus Estimate. The company’s revenues increased year over year, driven by solid demand across all segments. Management’s strong focus on innovations, strategic expansions and core business also drove the top line.
Net Income of COMM
On a GAAP basis, net income in the March quarter was $767.1 million, or $2.88 per share against a net loss of $349.7 million, or a loss of $1.65 per share, in the year-ago quarter. The improvement was backed by solid top-line expansion, income tax benefit, and portfolio optimization efforts.
Non-GAAP net income was $38.6 million or 14 cents per share against a net loss of $50.8 million or 24 cents per share in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 6 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
CommScope Holding Company, Inc. Price, Consensus and EPS Surprise
CommScope Holding Company, Inc. price-consensus-eps-surprise-chart | CommScope Holding Company, Inc. Quote
COMM's Revenues
Revenues for the reported quarter were $1.1 billion, up from $900.9 million a year ago, driven by stronger sales in all the segments. Revenues surpassed the Zacks Consensus Estimate by $5 million.
Revenues in the Connectivity and Cable Solutions segment were up 19.7% to $724.1 million from $604.7 million in the year-ago quarter, backed by the solid demand in the Enterprise business. Sales in the Networking, Intelligent Cellular and Security Solutions segment, increased 50.7% year over year to $163.1 million, driven by solid demand for Ruckus and Small Cell solutions. Sales in the Access Network Solutions (ANS) segment were $225 million compared with $188 million in the year-ago quarter. The 19.7% year-over-year growth was backed by high demand for Access Technologies.
Region-wise, revenues in the United States increased 30.1% year over year to $767.6 million. Europe, the Middle East and Africa reported revenues of $146.2 million, up 8.6% year over year. Asia Pacific revenues were $113.2 million, up 2.8% year over year. Caribbean and Latin American revenues fell 1.1% year over year to $43.7 million, while revenues from Canada were up 86.9% year over year to $41.5 million.
Other Details of COMM Q1 Results
Gross profit improved to $468.6 million from $295.1 million in the year-ago quarter. Total operating expenses fell to $343.3 million from $359.4 million in the year-ago quarter. Operating income totaled $134 million against a loss of $54.7 million in the year-ago quarter. Non-GAAP adjusted EBITDA was $240.3 million compared with $84.1 million a year ago.