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Stock impact report

CommScope Holding Co Inc (COMM) Faces Headwinds: A Dive into the 2023 Earnings Report [Yahoo! Finance]

CommScope Holding Company, Inc. (COMM) 
Last commscope holding company, inc. earnings: 2/20 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commscope.com
Company Research Source: Yahoo! Finance
Non-GAAP Adjusted EBITDA : $999.0 million for the full year, down 18.3% from the previous year. Adjusted Free Cash Flow : Non-GAAP adjusted free cash flow of $382.3 million in 2023. Core Segment Performance : Core segment adjusted EBITDA of $1.022 billion, reflecting a decrease of 18.3%. Warning! GuruFocus has detected 6 Warning Signs with COMM. On February 29, 2024, CommScope Holding Co Inc ( NASDAQ:COMM ), a global leader in network connectivity solutions, released its 8-K filing , detailing the financial outcomes for the fourth quarter and full year of 2023. The company, known for its infrastructure solutions for communication and entertainment networks, faced a challenging year with net sales declining by 23% to $5.79 billion and adjusted EBITDA falling by 18% to $1.02 billion. CommScope's performance in 2023 was significantly impacted by macroeconomic factors, including higher interest rates, inflation concerns, and a global economic slowdown. These conditions led to s Show less Read more
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