Commscope expects to take advantage of increasing growth opportunities with a portfolio of solutions, including existing Commscope products combined with Arris solutions, the company?s President and CEO Eddie Edwards said during a conference call with investors.
Commscope completed the acquisition of Arris earlier this year.
?Despite the challenging year, we remain very excited about the combined CommScope and Arris portfolio. We are now just four months into the ownership of the Arris business. As we continue to integrate our teams and processes, our enthusiasm for what we can achieve together grows stronger. Together we have a more compelling and diversified global platform to promote service providers and enterprises,? the executive said.
The executive said that one of the new solutions will be a venue solution that combines Commscope?s next-generation Era DAS technology with the Ruckus wireless LAN and switching technology.
?The resources are in position to get in at the beginning of their private networks transformation, enabling Internet of Things and low latency applications, which are critical capabilities for the industrial private network and core to 5G,? Edwards said.
?We support our operator customers in the quest for open interfaces in all aspects of the network for more antennas in cabling and connectors to our small cell remote radio heads, metro cell and DAS solutions. Today, we are supporting the U.S. advanced wireless industry initiative, which is building for four full city-scale 5G wireless research platform with our products. These platforms will provide opportunities for fundamental research in areas such as millimeter wave, dynamic spectrum and new 5G architectures.?
Commscope reported second quarter net sales of $2.57 billion, an increase of 107% compared to $1.24 billion during the same period in the prior year.
CommScope generated a net loss of $334 million, a decrease from the prior year period’s net income of $65.9 million.
?Our second quarter results were in-line with our expectations as we successfully navigated a difficult operating environment with disciplined execution, Edwards said. ?Despite the challenges facing the broader industry, including persistent headwinds due to declining cable operator spending, we are controlling what we can by continuing our work to streamline the combined operations and further reduce costs to maximize free cash flow generation.”
?The management team is working with a renewed sense of urgency to execute our strategic plan and deliver long-term growth and success. We remain confident that, with Arris and Ruckus, we will grow faster than the industry and benefit from favorable networking market trends, while continuing to enhance shareholder value. Given recent cable operator spending trends, I believe the operational initiatives we have in place will realign our resources to the highest return opportunities,” the executive added.
