CommScope Holding company, Inc. (NASDAQ: COMM), a global provider of infrastructure solutions for communications networks, reported sales of USD 1.12 billion and net income of USD 54 million, or USD 0.27 per diluted share, for the quarter ended December 31, 2017, the company said.
Non-GAAP adjusted net income for the fourth quarter of 2017 was USD 91 million, or USD 0.47 per diluted share. A reconciliation of reported GAAP results to non-GAAP results is attached.
In comparison, for the quarter ended December 31, 2016, CommScope reported sales of USD 1.18 billion and net income of USD 54 million, USD 0.28 per diluted share. Non-GAAP adjusted net income for the fourth quarter of 2016 was USD 121 million, or USD 0.61 per diluted share.
Fourth quarter 2017 sales decreased 5 percent year over year with growth in the Europe, Middle East and Africa (EMEA) and Central America and Latin America (CALA) regions more than offset by declines in other regions, most notably in the US Foreign exchange rate changes positively impacted revenue by about 1.5 percent year over year.
CommScope helps design, build and manage wired and wireless networks around the world. As a communications infrastructure leader, we shape the always-on networks of tomorrow. For more than 40 years, our global team of more than 20,000 employees, innovators and technologists have empowered customers in all regions of the world to anticipate what´s next and push the boundaries of what´s possible. Discover more at http://www.commscope.com/