CommScope shared its full-year 2021 results, indicating strong performance during Q4 in outdoor wireless networks (26.9%) and venue and campus networks (24%).
For FY 2021, the core net sales of CommScope amounted to $6.7 billion. These core financial measures reflect the results of the broadband networks, outdoor wireless networks, and venue and campus networks segments.
Zooming in to last year’s period (Q4 2021), the outdoor wireless networks net sales reached $374 million, primarily driven by growth in macro tower solutions while the venue and campus networks net sales stood at $591 million driven by growth in all product lines including indoor copper enterprise, indoor fiber enterprise, RUCKUS networks, DAS and small cell.
Net sales of $782.4 million, increased by 0.5% from the prior-year period, are recorded for the broadband networks segment, driven by growth in network cable and connectivity, and partially offset by declines in access technologies.
Chuck Treadway, president and CEO, CommScope, said, “We expect to see continued improvement from the first quarter and confirm that we still anticipate our 2022 Core Adjusted EBITDA to be within the range of $1.15 billion to $1.25 billion, as presented at our Strategic Transformation Update in December.”
In 2022, the company will reorganize its business structure to align its portfolio of products and solutions more closely with the markets it serves and bring better performance clarity. These will possibly include connectivity and cable solutions; access network solutions; networking, intelligent cellular, and security solutions; outdoor wireless networks; and home networks.
As per CommScope’s results, the company ended 2021 with $360.3 million in cash and cash equivalents.
