CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in network connectivity solutions, reported results for the quarter and year ended December 31, 2020.
Non-GAAP adjusted EBITDA increased 11.9% to $362.2 million in the fourth quarter of 2020 compared to the same period last year. Non-GAAP adjusted EBITDA improved to 17.0% of net sales in the fourth quarter of 2020 compared to 14.1% of net sales in the same prior year period.
The Company estimates that fourth-quarter 2020 non-GAAP adjusted EBITDA was negatively impacted by approximately $10 million related to COVID-19 incremental costs.
Non-GAAP adjusted EBITDA decreased 6.3% to $1,215.2 million compared to the prior year. On a combined company basis, non-GAAP adjusted EBITDA decreased 11.2% and represented 14.4% of net sales compared to 14.0% of net sales in 2019.
The Company estimates that 2020 non-GAAP adjusted EBITDA was negatively impacted by approximately $70 million related to COVID-19 supply chain disruptions and certain other incremental costs.
Source: ir.commscope.com
