CommScope has reported sales of USD 1.14 billion and net income of USD 34 million, or USD 0.17 per diluted share, for the quarter ended March 31, 2017. Non-GAAP adjusted net income for the first quarter 2017 was USD 103 million, or USD 0.52 per diluted share. In comparison, for the quarter ended March 31, 2016, CommScope reported sales of
USD 1.14 billion and net income of USD 13 million, USD 0.06 per share. Non-GAAP adjusted net income for the first quarter of 2016 was
USD 94 million, or USD 0.48 per diluted share.
First quarter 2017 sales were essentially unchanged year-over-year (Y-o-Y) at USD 1.14 billion. GAAP operating income in the first quarter of 2017 rose 34 percent Y-o-Y to USD 121 million. Non-GAAP adjusted operating income increased 3 percent Y-o-Y to USD 217 million. First quarter Connectivity Solutions segment sales declined by approximately
1 percent to USD 682 million.
CommScope management expects more cautious spending patterns at certain North American operators, continuing softness in the Indoor Network Solutions business and integration challenges to impact its near-term performance. CommScope expects improved operator spending in the second half of 2017.