CommScope Holding Company Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
VISN$4.13+0.2%Stored close · as of Nov 10, 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 · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $1,082.2 | $1,053.4 | $3,036.7 | $3,642.1 |
| Cost of sales | 647.1 | 673.2 | 1,909.9 | 2,320.1 |
| Gross profit | 435.1 | 380.2 | 1,126.8 | 1,322.0 |
| Transition service agreement income | 4.4 | — | 22.4 | — |
| Operating expenses: | ||||
| Selling, general and administrative | 203.4 | 186.4 | 565.5 | 602.1 |
| Research and development | 78.0 | 85.4 | 235.2 | 297.9 |
| Amortization of purchased intangible assets | 56.8 | 68.9 | 181.4 | 231.8 |
| Restructuring costs (credits), net | (0.9) | 22.0 | 30.6 | 43.1 |
| Asset impairments | — | 425.9 | — | 425.9 |
| Total operating expenses | 337.3 | 788.6 | 1,012.7 | 1,600.8 |
| Operating income (loss) | 102.2 | (408.4) | 136.5 | (278.8) |
| Other income (expense), net | (6.8) | 8.0 | 1.7 | 19.6 |
| Interest expense | (168.0) | (171.3) | (503.2) | (504.9) |
| Interest income | 2.6 | 3.4 | 8.3 | 7.8 |
| Loss from continuing operations before income taxes | (70.0) | (568.3) | (356.7) | (756.3) |
| Income tax (expense) benefit | (26.7) | 34.5 | (41.2) | 74.4 |
| Loss from continuing operations | (96.7) | (533.8) | (397.9) | (681.9) |
| Income (loss) from discontinued operations, net of income tax (expense) benefit of $(22.1), $124.1, $(74.7) and $83.6, respectively | 63.7 | (294.9) | 50.1 | (243.8) |
| Net loss | (33.0) | (828.7) | (347.8) | (925.7) |
| Series A convertible preferred stock dividends | (16.4) | (15.5) | (48.6) | (45.9) |
| Net loss attributable to common stockholders | $(49.4) | $(844.2) | $(396.4) | $(971.6) |
| Basic: | ||||
| Loss from continuing operations per share | $(0.52) | $(2.59) | $(2.09) | $(3.46) |
| Earnings (loss) from discontinued operations per share | 0.29 | (1.39) | 0.24 | (1.16) |
| Loss per share | $(0.23) | $(3.98) | $(1.85) | $(4.62) |
| Diluted: | ||||
| Loss from continuing operations per share | $(0.52) | $(2.59) | $(2.09) | $(3.46) |
| Earnings (loss) from discontinued operations per share | 0.29 | (1.39) | 0.24 | (1.16) |
| Loss per share | $(0.23) | $(3.98) | $(1.85) | $(4.62) |
| Weighted average shares outstanding: | ||||
| Basic | 215.9 | 211.9 | 213.9 | 210.4 |
| Diluted | 215.9 | 211.9 | 213.9 | 210.4 |
| See notes to unaudited condensed consolidated financial statements. | ||||
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