CommScope Holding Company Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
VISN$4.12-25.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited – In millions, except per share amounts)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $1,386.9 | $1,588.8 | $2,555.3 | $3,253.2 |
| Cost of sales | 839.3 | 1,019.9 | 1,605.5 | 2,054.1 |
| Gross profit | 547.6 | 568.9 | 949.8 | 1,199.1 |
| Transition service agreement income | 8.4 | — | 18.0 | — |
| Operating expenses: | ||||
| Selling, general and administrative | 210.3 | 230.0 | 410.0 | 462.0 |
| Research and development | 91.6 | 128.3 | 196.0 | 253.9 |
| Amortization of purchased intangible assets | 60.4 | 75.8 | 134.6 | 176.4 |
| Restructuring costs, net | 0.9 | 36.6 | 31.5 | 25.5 |
| Total operating expenses | 363.2 | 470.7 | 772.1 | 917.8 |
| Operating income | 192.8 | 98.2 | 195.7 | 281.3 |
| Other income, net | 3.7 | 1.7 | 2.6 | 7.0 |
| Interest expense | (167.5) | (168.5) | (335.2) | (333.6) |
| Interest income | 2.1 | 1.9 | 5.7 | 4.4 |
| Income (loss) from continuing operations before income taxes | 31.1 | (66.7) | (131.2) | (40.9) |
| Income tax (expense) benefit | 43.7 | 3.6 | (56.1) | 7.6 |
| Income (loss) from continuing operations | 74.8 | (63.1) | (187.3) | (33.3) |
| Loss from discontinued operations, net of income tax (expense) benefit of $6.8, $(12.0), $(10.8) and $(8.2), respectively | (30.4) | (37.3) | (127.5) | (63.7) |
| Net income (loss) | 44.4 | (100.4) | (314.8) | (97.0) |
| Series A convertible preferred stock dividends | (16.2) | (15.3) | (32.2) | (30.4) |
| Net income (loss) attributable to common stockholders | $28.2 | $(115.7) | $(347.0) | $(127.4) |
| Basic: | ||||
| Earnings (loss) from continuing operations per share | $0.27 | $(0.37) | $(1.03) | $(0.30) |
| Loss from discontinued operations per share | (0.14) | (0.18) | (0.60) | (0.31) |
| Earnings (loss) per share | $0.13 | $(0.55) | $(1.63) | $(0.61) |
| Diluted: | ||||
| Earnings (loss) from continuing operations per share | $0.27 | $(0.37) | $(1.03) | $(0.30) |
| Loss from discontinued operations per share | (0.14) | (0.18) | (0.60) | (0.31) |
| Earnings (loss) per share | $0.13 | $(0.55) | $(1.63) | $(0.61) |
| Weighted average shares outstanding: | ||||
| Basic | 213.5 | 210.5 | 212.9 | 209.7 |
| Diluted | 215.5 | 210.5 | 212.9 | 209.7 |
| See notes to unaudited condensed consolidated financial statements. | ||||
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