CommScope Holding Company Inc (NASDAQ: COMM) shares soared 5.27% to $... on Thursday, February 27th, 2025, after the company reported impressive fourth quarter 2024 results and provided an optimistic outlook for 2025.
The network infrastructure solutions provider reported a 27% year-over-year increase in core net sales to $1.17 billion for Q4 2024, driven by strong performance across its core businesses. CommScope's core adjusted EBITDA surged 69% year-over-year to $240 million, reflecting a robust 20.6% margin.
A key growth driver for CommScope was its enterprise fiber business, which saw revenue jump 73% year-over-year to $623 million in 2024, bolstered by robust demand from hyperscale data centers and cloud providers. The company's CCS and NICS segments also reported solid revenue and EBITDA growth in Q4.
CommScope also made significant progress in strengthening its balance sheet during the quarter, refinancing a portion of its debt and using proceeds from asset sales to pay down approximately $2 billion of debt, reducing its net leverage ratio to 7.8 times.
Looking ahead, CommScope provided an encouraging outlook for 2025, projecting core adjusted EBITDA in the range of $1.0 billion to $1.05 billion. The company expects continued growth across all its core business segments, supported by capacity expansions, new product launches, and strategic initiatives.
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