NASDAQ$VISN
Vistance Networks Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
CommScope's first quarter was marked by a 30% decrease in net sales and a 51% decrease in adjusted EBITDA compared to the prior year, reflecting lower demand across all segments, though early signs of recovery were observed in certain businesses.
CommScope reported a challenging first quarter with a significant decline in net sales and adjusted EBITDA due to lower demand across all segments. However, the company saw early signs of recovery in some businesses and expects the first quarter to be the lowest revenue and adjusted EBITDA quarter of the year. They are focused on cost management and evaluating capital structure alternatives to address upcoming debt maturities.
- Net sales decreased by 30% year-over-year to $1.168 billion.
- GAAP loss from continuing operations was $(262.1) million, or $(1.31) per share.
- Non-GAAP adjusted EBITDA decreased by 51.2% to $153.0 million.
- Non-GAAP adjusted net loss was $(20.3) million, or $(0.08) per share.
Headline financials
Revenue & EPS history
CommScope · Revenue · Quarterly
$1.17B
Revenue by segment
CommScope · $299M total across 1 segment · Q1 2023
- Aurora segment$299M—100.0%
Forward guidance
CommScope expects the first quarter to be the lowest revenue and adjusted EBITDA quarter of the year and continues to evaluate capital structure alternatives.
Tailwinds
- Early signs of recovery in Connectivity and Cable Solutions.
- Early signs of recovery in Outdoor Wireless Networks businesses.
- Order rates increased sequentially in Connectivity and Cable Solutions.
- Order rates increased sequentially in Outdoor Wireless Networks businesses.
- Significant liquidity of over $900 million.
Headwinds
- Lower demand for Networking, Intelligent Cellular and Security Solutions.
- Lower demand for Access Network Systems.
- Customers managed inventory.
- Customers timing of upgrade cycles.
- Industry recession continued to negatively impact net sales in all segments.
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 2024
-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
| Quarter | Report date | Reaction (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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