NASDAQ$VISN
Vistance Networks Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter results with Core net sales and Core adjusted EBITDA reaching the highest performance on record since completing the ARRIS acquisition.
CommScope reported a 13.1% year-over-year increase in net sales to $2.38 billion for the third quarter of 2022. GAAP net income improved to $22.9 million, or $0.04 per share, compared to a net loss of $(124.2) million in the prior year period. Non-GAAP adjusted EBITDA increased 34.2% to $347.6 million.
- Net sales of $2.381 billion.
- Core net sales of $1.990 billion.
- GAAP net income of $22.9 million.
- Non-GAAP adjusted EBITDA of $347.6 million.
Headline financials
Revenue & EPS history
CommScope · Revenue · Quarterly
$2.38B
Revenue by segment
CommScope · $342M total across 1 segment · Q3 2022
- Aurora segment$342M—100.0%
Forward guidance
CommScope maintains its expectation to deliver Core adjusted EBITDA for the full year 2022 within the previously provided range of $1.15–$1.25 billion and maintains the expectation to deliver Core adjusted EBITDA within the range of $1.35–$1.5 billion for the full year 2023.
Tailwinds
- CommScope NEXT transformation continues its strong progression in driving organic growth and efficiency opportunities throughout the Core company.
- Teams have executed well in ramping capacity.
- General manager model is enabling greater visibility and flexibility in how CommScope manages the business.
- Believes CommScope is well-positioned to deliver on targets.
- Believes CommScope can create significant incremental shareholder value.
Headwinds
- Supply chain challenges remain.
- There is broader macroeconomic uncertainty.
- Seeing some limited signs of broader macro-related uncertainty.
- Recessionary risk.
- Impact of timing and amount of capital spending by its customers in 2023.
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 2022
-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 | — | — | — |
Discussion
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