CommScope Q4 sales down 38% to $1.19B; Adjusted EBITDA -49%; no FY2024 guide

Vistance Networks, Inc.

2023-FY EPS reported -$7.17 revenue$5,789,200,000

Net sales Q4 $1.186B (-38% YoY); GAAP loss $339M incl $145M impairment; adjusted EBITDA $190.7M.
Full year sales $5.789B (-23%); GAAP loss $851M (incl $571M impairments); adjusted EBITDA $999M.
Q1 2024 core adj. EBITDA guidance $100-125M vs Q4 $199M; no full-year guidance provided.
Home divestiture closed Jan 9; targeting $100M cost savings in early 2024.
All segments declined; NICS order rate drop; H2 recovery expected but visibility limited.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vistance Networks, Inc. reported financial results for the fourth quarter of 2023 and full fiscal year 2023.

Period: the fourth quarter of 2023 and full fiscal year 2023
Result: reported results

Exact text from the filing

On February 29, 2024 CommScope Holding Company, Inc. (the “Company” or “CommScope”) issued a press release relating to its financial results for the fourth quarter of 2023 and full fiscal year 2023. A copy of the press release, which is incorporated by reference herein, is attached hereto as Exhibit 99.1.

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Vistance Networks, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-022648

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