On the 17th of February, CommScope announced 2021 full year financial results. Highlights of the fourth quarter: net sales of $2.224 billion; GAAP net loss of $87.1 million; Non-GAAP adjusted EBITDA of $260.6 million; Cash flow used in operations of $(12.4) million and non-GAAP adjusted free cash flow of $(26.9) million. Chuck Treadway, President and Chief Executive Officer, commented: “We were pleased to deliver a better-than-expected fourth quarter performance despite continued headwinds in a difficult inflationary environment. Our results are reflective of the continued strong demand for CommScope’s products and services, as well as the efforts of the entire global team in driving forward the implementation of our CommScope NEXT initiatives.”
The full year 2021 results in a nutshell: Net sales of $8.587 billion; GAAP net loss of $462.6 million; Core adjusted EBITDA of $1.092 billion; • Cash flow generated by operations of $122.3 million and non-GAAP adjusted free cash flow of $100.2 million.