& cplSiteName &

CommScope Raises Q1 Guidance on Wireless Strength

Light Reading
News Wire Feed
Light Reading
3/21/2014
50%
50%

HICKORY, N.C. -- CommScope Holding Company, Inc. (COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, today raised its sales and earnings guidance for the first quarter of 2014.

“We are very pleased to see strength in our wireless business,” said Mark Olson, CommScope executive vice president and chief financial officer. “North American wireless operators continue to invest in our macro cell site and small cell distributed antenna system (DAS) solutions to improve network coverage and capacity. We are also seeing ongoing modernization of 3G wireless networks around the globe.”

CommScope management provided the following first quarter and full year 2014 guidance, which excludes the amortization of purchased intangibles, restructuring and other special items:

First Quarter 2014 Guidance:

  • Sales of $900 million to $925 million, up 13 percent year over year at the midpoint of the range.
  • Adjusted operating income of $175 million to $185 million, up 36 percent year over year at the midpoint of the range.
  • Adjusted earnings per diluted share of $0.43 to $0.47, up 29 percent year over year at the midpoint of the range. The first quarter earnings range assumes 191 million weighted average diluted shares outstanding.

    Calendar Year 2014 Guidance:
    The company expects the improved first quarter outlook to positively influence calendar year 2014 results and provided the following updated calendar year guidance:

  • Sales growth in the mid-single digits
  • Adjusted operating margins up modestly
  • Adjusted effective tax rate trending toward long-term target of 35% - 37%
  • Double-digit adjusted net income growth
  • Low double-digit adjusted EPS growth, reflecting the higher year-over-year share count

    CommScope Inc.

    (1)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    AJ Allred
    50%
    50%
    AJ Allred,
    User Rank: Light Beer
    3/22/2014 | 9:26:46 AM
    Yes, macro cell.
    Thanks for pointing out the continuing need for macro-level infrastructure.  We still need backbone.  Someday, cell towers will be regulated on how they work, not how they look.
    Featured Video
    From The Founder
    Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
    Flash Poll
    Upcoming Live Events
    November 1, 2017, The Royal Garden Hotel
    November 1, 2017, The Montcalm Marble Arch
    November 2, 2017, 8 Northumberland Avenue, London, UK
    November 2, 2017, 8 Northumberland Avenue – London
    November 10, 2017, The Westin Times Square, New York, NY
    November 16, 2017, ExCel Centre, London
    November 30, 2017, The Westin Times Square
    May 14-17, 2018, Austin Convention Center
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    Is US Lurching Back to Monopoly Status?
    Carol Wilson, Editor-at-large, 10/16/2017
    Pai's FCC Raises Alarms at Competitive Carriers
    Carol Wilson, Editor-at-large, 10/16/2017
    Muni Policies Stymie Edge Computing
    Carol Wilson, Editor-at-large, 10/17/2017
    The Big Cable DAA Update
    Mari Silbey, Senior Editor, Cable/Video, 10/11/2017
    Telecom Italia Covers 73% of Italy With NB-IoT
    Iain Morris, News Editor, 10/13/2017
    Animals with Phones
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed