CommScope Company (COMM) investor relations material

Executive summary

• Announced definitive agreement to sell CCS segment to Amphenol for $10.5 billion in cash, expected to close in H1 2026 pending regulatory and shareholder approval.

• Net proceeds of ~$10 billion after taxes and expenses will be used to repay all debt, redeem preferred equity, and distribute excess cash as a dividend to shareholders within 60–90 days post-closing.

• RemainCo (A&S/ANS and Ruckus) will focus on growth, with Q2 net sales of $513 million, up 58% year-over-year, and adjusted EBITDA of $127 million, up 326%.

• Completed sale of OWN/DAS and Home Networks businesses, recognized significant gains and losses, and entered transition agreements post-divestiture.

• GAAP income from continuing operations was $29.4 million in Q2 2025, reversing a prior year loss.

Financial highlights

• Q2 2025 net sales reached $1.39 billion, up 31.7% year-over-year; adjusted EBITDA was $338 million, up 79% year-over-year.

• Adjusted EBITDA margin improved to 24.3%, the highest since the ARRIS acquisition.

• Adjusted EPS was $0.44 per share, up from $0.03 per share in Q2 2024.

• Gross profit for Q2 2025 was $591.7 million, with adjusted gross margin at 42.7%.

• Free cash flow for the quarter was $64.5 million; cash and liquidity at quarter-end totaled $991 million, including $571 million in cash.

Outlook and guidance

• Full-year 2025 adjusted EBITDA guidance raised to $1.15–$1.20 billion; RemainCo expected to deliver $325–$350 million.

• Dividend distribution to shareholders planned within 60–90 days after CCS transaction closes; amount and timing to be determined.

• 2025 free cash flow expected to be lower than 2024 due to increased working capital needs.

• Second half RemainCo adjusted EBITDA expected to be lower than first half due to one-time items and project timing.

• The divestiture will be classified as discontinued operations in Q3 2025 and is considered a major strategic shift.