FOTC

CommScope reports COVID-19 supply chain disruptions led to soft Q1

CommScope reported that its net sales in the first quarter of 2020 increased 84.9% year over year to $2.03 billion primarily due to the contribution of $1.03 billion from the company’s ARRIS acquisition. However, on a combined company basis, net sales decreased 18.0% year over year to $2.03 billion. The company estimates that first-quarter 2020 net sales were negatively impacted by approximately $70 million related to supply chain disruptions as a result of COVID-19, as well as certain other COVID-19 related disruptions.

Sourced through Scoop.it from: www.cablinginstall.com

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