CommScope says its seeing early signs of recovery in its in our Connectivity and Cable Solutions and Outdoor Wireless Networks businesses as it continues to deal with lower demand.
Networking, Intelligent Cellular and Security Solutions and Access Network Systems continue to struggle as customers managed inventory and timing of upgrade cycles.
We are confident that market conditions will improve and we are well positioned to capture the recovery in all segments,” said Chuck Treadway, President and Chief Executive Officer.
CommScope’s Home business was sold to Technicolor spin-off Vantiva in January.
Net sales declined by 30% when compared to 2023 with EBITDA of $153 million down from the prior year by 51% but still ahead of guidance.
The company expects the first quarter to be the lowest of the year.
