NASDAQ$VISN

Vistance Networks Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

CommScope reported results with net sales increasing slightly and a reduced net loss compared to the previous year.

CommScope's first quarter 2021 results showed a slight increase in net sales and a significant reduction in net loss compared to the same period last year. The company is progressing with its CommScope NEXT strategy, including the planned spin-off of the Home Networks business.

  • Net sales increased by 2% year-over-year.
  • Core CommScope net sales increased by 11% year-over-year.
  • GAAP net loss decreased by 39% compared to the prior year period.
  • Non-GAAP adjusted EBITDA increased by 25.3% year-over-year.

Headline financials

Total Revenue

$2.07B

Previous: $2.03B+1.9%
EPS (adj)

$0.36

Previous: $0.12+200.0%
Capital Expenditures

-$26.4M

Previous: -$23.9M-10.5%
Free Cash Flow

-$124M

Previous: -$184M+32.5%
Net Income

-$97.6M

Previous: -$160M+39.0%
Operating Income

$8.9M

Previous: -$31.8M+128.0%
Gross Profit

$672M

Previous: $641M+4.8%
Cash & Equivalents

$326M

Previous: $394M-17.3%
Total Assets

$13.4B

Previous: $13.9B-3.7%
Stock-Based Comp

$23.5M

Previous: $23.5M+0.0%

Revenue & EPS history

CommScope · Revenue · Quarterly

$2.07B

Q1 2021+1.9%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

CommScope · $299M total across 1 segment · Q1 2023

  • Aurora segment
    $299M

Forward guidance

CommScope is committed to refocusing its commercial and technology footprint, and expects to continue building on the momentum seen so far this year with its optimized business portfolio.

Tailwinds

  • Strengthening market conditions.
  • Opportunities to capitalize on industry tailwinds such as 5G and mobile network densification.
  • Opportunities in indoor coverage and private networks.
  • Distributed access architectures.
  • Fiber-rich optical networks as the economy and industry recover from the COVID-19 pandemic.

Headwinds

  • Supply shortages and delays.
  • Supply constraints are expected to persist at least into the second half of 2021.
  • COVID-19 outbreak continued to have a mixed impact.
  • Other segments have been negatively impacted due to the general economic slowdown.
  • Potential difficulties in realigning global manufacturing capacity and capabilities among our global manufacturing facilities or those of our contract manufacturers that may affect our ability to meet customer demands for products

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.2%

Avg return

Earnings day

-3.0%

Avg return

5 days after

+2.8%

Avg return

30 days after

61%

33 / 54 earnings

Positive

+34.3%

Q2 2024

Best reaction

-38.4%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+22.2%+17.3%+19.1%
Q4 2025-0.7%-2.2%+0.8%
Q3 2025+6.8%+1.1%+25.3%
Q1 2025+21.7%+29.1%+61.5%
Q4 2024+26.2%+26.4%+9.8%
Q3 2024-32.4%-32.7%-23.6%
Q2 2024+34.3%+52.1%+91.1%
Q1 2024+0.0%+11.4%+54.3%
Q4 2023-38.4%-43.8%-29.2%
Q3 2023-7.0%-3.8%+17.2%
Q2 2023-27.1%-21.7%-20.8%
Q1 2023+0.2%-7.5%-3.1%
Q4 2022+5.7%-1.6%-18.2%
Q3 2022-28.8%-26.3%-33.3%
Q2 2022+0.2%-4.5%+31.1%
Q1 2022+16.2%+7.6%+23.1%
Q4 2021+9.4%+6.6%-8.5%
Q3 2021-11.4%-16.7%-12.7%
Q2 2021-20.1%-22.7%-24.3%
Q1 2021+10.3%+7.1%+25.3%
Q4 2020-14.7%-12.8%+0.1%
Q3 2020+2.6%+2.2%+34.5%
Q2 2020+16.2%+12.3%+9.4%
Q1 2020+9.6%-4.5%+7.7%
Q4 2019-12.9%-21.4%-50.0%
Q3 2019+33.6%+29.3%+12.0%
Q2 2019-5.4%-10.8%-12.6%
Q1 2019-17.2%-19.3%-28.3%
Q4 2018+1.6%-0.1%-9.4%
Q3 2018-20.8%-24.4%-30.9%
Q2 2018+4.0%+3.3%+3.0%
Q1 2018-25.7%-26.7%-23.3%
Q4 2017+0.4%-0.3%+5.2%
Q3 2017+4.2%+8.3%+12.2%
Q2 2017-12.2%-13.5%-11.3%
Q1 2017-13.0%-10.8%-8.7%
Q4 2016-7.4%-5.6%+2.3%
Q3 2016+6.2%+12.0%+18.3%
Q2 2016-5.9%-9.9%-7.5%
Q1 2016+13.8%
Q4 2015+11.5%
Q3 2015-14.0%
Q2 2015+2.7%
Q1 2015+5.6%
Q4 2014+1.6%
Q3 2014-9.3%
Q2 2014+3.4%
Q1 2013+9.2%
Q1 2014+9.2%
Q4 2013+15.7%
Q3 2012+1.7%
Q4 2012+1.7%
Q2 2013+1.7%
Q3 2013+1.8%
Q2 2012

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