CommScope reported a robust third quarter, achieving $1.63 billion in net sales and a 97% increase in adjusted EBITDA, driven by strong market demand and new product launches.
- Net sales surged 51% year-over-year, with a record adjusted EBITDA margin of 24.7%.
- The RemainCo segment, including ANS and RUCKUS, recorded a 49% increase in net sales, contributing $91 million in adjusted EBITDA.
- ANS revenue increased 77%, supported by successful deployments of new DOCSIS 4.0 technology, positioning the company as a leader in network upgrades.
- RUCKUS experienced a 15% revenue increase, bolstered by strong demand for Wi-Fi 7 products and the successful launch of new access points.
- Cash position improved to $705 million, enhancing the company's liquidity and financial flexibility going into the fourth quarter.
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