NASDAQ$VISN

Vistance Networks Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

CommScope's performance improved with increased net sales and adjusted EBITDA, driven by growth in the CCS segment and strategic debt refinancing.

CommScope reported a 26.6% increase in net sales to $1.17 billion and an 86.9% increase in non-GAAP adjusted EBITDA to $223.1 million for the fourth quarter of 2024. The company's core non-GAAP adjusted EBITDA increased by 68.7% to $240.4 million. Strategic debt refinancing and the sale of the OWN and DAS businesses have strengthened the company's financial position.

  • Net sales increased by 26.6% year-over-year to $1.17 billion, driven by growth in all segments.
  • GAAP loss from continuing operations was $65.2 million, an improvement compared to the prior year's loss of $414.0 million.
  • Non-GAAP adjusted EBITDA increased by 86.9% to $223.1 million.
  • Free cash flow for the fourth quarter was $270.5 million, driven by stronger EBITDA.

Headline financials

Total Revenue

$1.17B

Previous: $1.19B-1.4%
EPS (adj)

$0.18

Previous: -$0.02+1000.0%
Non-GAAP adjusted EBITDA

$27.5M

No prior period
Cash flow from operations

$278M

No prior period
Free cash flow

$271M

No prior period
Core adjusted EBITDA

$64M

No prior period
Adjusted EBITDA margin

6.6%

No prior period
Core adjusted EBITDA margin

15.4%

No prior period
Net Income

$6.7M

Previous: -$525M+101.3%
Operating Income

$118M

Previous: -$62.1M+289.2%

Revenue & EPS history

CommScope · Revenue · Quarterly

$1.17B

Q4 2024-1.4%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

  • Aurora segment
    $299M

Forward guidance

CommScope anticipates Core adjusted EBITDA to be in the range of $1.00 to $1.05 billion for 2025.

Tailwinds

  • Operating income is projected to be between $660 million and $695 million.
  • Amortization of purchased intangible assets is expected to be between $173 million and $174 million.
  • Equity-based compensation is anticipated to be between $26 million and $28 million.
  • Restructuring, transaction, and transformation costs are estimated to be between $60 million and $70 million.
  • Depreciation is projected to be between $76 million and $78 million.

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 Q4 2024

Historical avgQ4 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

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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