NASDAQ$VISN
Vistance Networks Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
CommScope's bottom line performance exceeded expectations, with Broadband Networks segment demonstrating substantial growth and strong cash flow generation.
CommScope reported Q3 2020 results with net sales of $2.168 billion, a GAAP net loss of $116.3 million, and non-GAAP adjusted EBITDA of $341.9 million. The Broadband Networks segment grew approximately 20% sequentially and year over year. The company generated better than expected cash flow, with year-to-date cash flow from operations over $338 million and non-GAAP adjusted free cash flow over $350 million.
- Net sales reached $2.168 billion, showing a 3% increase from Q2.
- GAAP net loss was reported at $116.3 million.
- Non-GAAP adjusted EBITDA totaled $341.9 million, a 22% improvement from Q2.
- Cash flow from operations amounted to $172.2 million, and non-GAAP adjusted free cash flow was $176.0 million.
Headline financials
Revenue & EPS history
CommScope · Revenue · Quarterly
$2.17B
Revenue by segment
CommScope · $299M total across 1 segment · Q1 2023
- Aurora segment$299M—100.0%
Forward guidance
CommScope anticipates macroeconomic uncertainty will persist in the near-term, but they are focused on improving financial performance and flexibility. They plan to manage expenses and reduce costs while making strategic investments to unlock growth opportunities.
Tailwinds
- Aggressively manage expenses and reduce costs.
- Strategic investments in fiber cabling and connectivity capacity.
- Position the company to unlock growth opportunities.
- Focus on growing the business.
- Creating long-term, profitable growth through a combination of investment opportunities and cost-cutting measures.
Headwinds
- Current macroeconomic uncertainty is expected to persist in the near-term.
- Net sales declined primarily due to year over year decreases in the Home Networks and Outdoor Wireless Networks segments.
- COVID-19 incremental costs negatively impacted non-GAAP adjusted EBITDA by approximately $10 million.
- Home Networks sales were down 31.8% from prior year driven by declines in Home Media Solutions.
- Outdoor Wireless Networks sales were down 18.7% from prior year driven by declines in both Macro Tower Solutions and Metro Cell Solutions.
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 Q3 2020
-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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