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General

Commscope loss widens as Q1 pro forma revenues fall 18%

Thursday 7 May 2020 | 14:59 CET | News
Commscope reported pro forma revenues down 18 percent year-on-year in the first quarter to USD 2.03 billion, and adjusted EBITDA fell 21.4 percent to USD 231 million. The company said Covid-19 related disruptions to the supply chain and other operations took around USD 70 million off sales and USD 30 million off EBITDA in the quarter. Commscope withdrew its guidance due to the uncertain outlook. 

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Categories: General
Companies: Arris / CommScope
Countries: World
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