NASDAQ$VISN

Vistance Networks Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an increase in net sales and improved non-GAAP adjusted EBITDA.

CommScope reported a 3.9% year-over-year increase in net sales to $2.185 billion for the second quarter of 2021. The company's GAAP net loss decreased by 52.1% compared to the prior year period. Non-GAAP adjusted EBITDA increased 10.0% to $307.7 million.

  • Second quarter net sales increased 4% year-over-year for consolidated company.
  • Core CommScope second quarter net sales increased 18% year-over-year.
  • Momentum in Broadband Networks continues with 22% year-over-year increase in net sales.
  • Cash flow generated by operations of $191.6 million and non-GAAP adjusted free cash flow of $197.8 million.

Headline financials

Total Revenue

$2.19B

Previous: $2.1B+3.9%
EPS (adj)

$0.43

Previous: $0.32+34.4%
Capital Expenditures

-$33.8M

Previous: -$23.8M-42.0%
Free Cash Flow

-$188M

Previous: -$345M+45.6%
Net Income

-$154M

Previous: -$321M+52.1%
Operating Income

-$18.4M

Previous: -$195M+90.6%
Gross Profit

$673M

Previous: $656M+2.6%
Cash & Equivalents

$446M

Previous: $823M-45.8%
Total Assets

$13.4B

Previous: $14.1B-5.0%
Stock-Based Comp

$16.5M

Previous: $32.5M-49.2%

Revenue & EPS history

CommScope · Revenue · Quarterly

$2.19B

Q2 2021+3.9%vs Q2 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 anticipates ongoing global supply chain challenges but remains confident in its ability to build on its track record of value creation and to successfully execute its CommScope NEXT strategy.

Tailwinds

  • Strong demand environment.
  • Ability to adapt to challenges.
  • Capitalizing on industry tailwinds such as the demand for 5G.
  • Recent launch of HELIAX® SkyBlox™ to meet the demand for network upgrades.
  • Helping operators to put reliable mobile networks in place.

Headwinds

  • Ongoing global supply chain challenges.
  • Commodity inflation (primarily copper and resins).
  • Logistics cost increases.
  • Certain component part shortages.
  • Unfavorable impacts expected to continue into 2022.

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 Q2 2021

Historical avgQ2 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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