2020-02-21

CommScope Reports Fourth Quarter and Full Year 2019 Results

Source: www.businesswire.com

CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, reported results for the quarter and year ended December 31, 2019. CommScope Holding Company, Inc. reported results for the quarter and year ended December 31, 2019.

CommScope generated a net loss available to common stockholders of $(450.5) million, or $(2.32) per basic share, in the fourth quarter, a decrease from the prior year period's net loss of $(23.3) million, or $(0.12) per basic share. In the fourth quarter of 2019, we recorded $376.1 million of goodwill impairment charges related to our ARRIS reporting units as a result of our annual goodwill impairment test. Non-GAAP adjusted net income for the fourth quarter was $106.6 million, or $0.46 per diluted share, versus $99.8 million, or $0.51 per diluted share, in the fourth quarter of 2018.