Vistance Networks, Inc. · NASDAQ:VISN
Vistance Networks — CommScope Holding Company — Q3 2025 Earnings Presentation
20 slides from Vistance Networks's earnings presentation, Oct 30, 2025
Slide 1: Third Quarter 2025 Results
October 30, 2025 Third Quarter 2025 Results
Slide 2: Important information
Important information Caution Regarding Forward Looking Statements This presentation includes certain statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amende
Slide 3: Third quarter results
Third quarter results • Net Sales increased due to market growth and customer inventory normalization • Net sales of $1.63 billion, increasing 51% from prior year. • RemainCo(1) net sales of $516 million increasing 49% from prior year. • Adjusted EBITDA improved sequentially for the sixth consecutiv
Slide 4: Third quarter results
Third quarter results Consolidated CommScope – Third Quarter Consolidated CommScope – Year-to-Date (In $millions, except per share amounts) (In $millions, except per share amounts) 3Q’24 3Q’25 Y/Y Change Sep’24 YTD Sep’25 YTD Y/Y Change Results Results Results Results Net Sales $1,082 $1,630 +51% Ne
Slide 5: Third quarter business highlights
Third quarter business highlights Business Segment Net Sales ($M) Y-Y% Adj. EBITDA(1) ($M) Y-Y% Observations 3Q’24 3Q’25 3Q’24 3Q’25 • Higher Adjusted EBITDA driven by DOCSIS 4.0 product revenue • Record shipments of smart Amplifiers. Access Network • Secured key wins with PON solution with a major
Slide 6: Cash flow update
Cash flow update (1) GAAP Cash Flow from Operations ($M) Free Cash Flow ($M) (2) $271 $278 $115 $135 $122 $151 $64 $77 ($187) $(202) 3Q’24 4Q’24 1Q’25 2Q’25 3Q’25 3Q’24 4Q’24 1Q’25 2Q’25 3Q’25 • Year over year increase driven by higher EBITDA partially offset by working capital as business grows. •
Slide 7: Strong liquidity & balance sheet management
Strong liquidity & balance sheet management Debt Maturities (as of 9/30/25) Cash & liquidity remain strong Secured Debt Unsecured Debt ($ millions) • Ended the quarter with available ◼ ABL ◼ 5.00% Notes due 2027 liquidity over $1.28 billion including ◼ Term Loan B ◼ 8.25% Notes due 2027 $705 million
Slide 8: Closing Remarks
Closing Remarks Chuck Treadway President and Chief Executive Officer 7 © 2025 CommScope, LLC. All rights reserved. | CommScope, ARRIS and t he ARRIS l ogo are trademarks of CommScope, Inc. and/or its affiliates. All other trademarks are t he property of thei r respective owners.
Slide 9: Q&A Third Quarter 2025 Results
Q&A Third Quarter 2025 Results 8 © 2025 CommScope, LLC. All rights reserved. | CommScope, ARRIS and t he ARRIS l ogo are trademarks of CommScope, Inc. and/or its affiliates. All other trademarks are t he property of thei r respective owners.
Slide 10: Appendix
COMMSCOPE’ Appendix
Slide 11: Condensed Consolidated Statements of Operations
CommScope Holding Company, Inc. Condensed Consolidated Statements of Operations (Unaudited -- In millions, except per share amounts) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Statements of Net sales Cost of sales Gross profit $ 1,629.7 961.9 667.8 $ 1,082.2
Slide 12: Condensed Consolidated Balance Sheets
CommScope Holding Company, Inc. Condensed Consolidated Balance Sheets (In millions, except share amounts) Unaudited September 30, 2025 December 31, 2024 Assets Balance Sheets Cash and cash equivalents Accounts receivable, net of allowance for doubtful accounts of $13.3 and $16.5, respectively $ 705.
Slide 13: Condensed Consolidated Statements of Cash Flows
CommScope Holding Company, Inc. Condensed Consolidated Statements of Cash Flows (1) (Unaudited -- In millions) Three Months Ended Nine Months Ended Statements of Operating Activities: 2025 September 30, 2024 2025 September 30, 2024 Cash Flows Net income (loss) $ 108.4 $ (33.0) $ 924.2 $ (322.3) Adju
Slide 14: Adjusted EBITDA and Adjusted Net Income Reconciliation
CommScope Holding Company, Inc. Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures (Unaudited -- In millions, except per share amounts) Three Months Ended Nine Months Ended September 30, September 30, Adjusted EBITDA and Income (loss) from continuing operations, as reported $ 2025 106.9 $
Slide 15: Sales by Region
Sales by Region CommScope Holding Company, Inc. Sales by Region (Unaudited -- In millions) Sales by Region % Change Q3 2025 Q3 2024 YOY United States $ 1,220.0 $ 714.6 70.7 % Europe, Middle East and Africa 167.6 159.3 5.2 Asia Pacific 162.8 126.6 28.6 Caribbean and Latin America 45.2 47.5 (4.8) Cana
Slide 16: Sales and Adjusted EBITDA by Segment
CommScope Holding Company, Inc. Segment Information (Unaudited -- In millions) Sales and Adjusted Segment Net Sales % Change EBITDA by Segment RUCKUS $ Q3 2025 178.5 $ Q3 2024 154.9 YOY 15.2 % Access Network Solutions 337.8 190.6 77.2 RemainCo net sales (1) 516.3 345.5 49.4 CCS 1,113.4 736.7 51.1 To
Slide 17: Adjusted EBITDA Reconciliation by Segment
CommScope Holding Company, Inc. Reconciliation of GAAP to Segment Adjusted EBITDA (Unaudited -- In millions) Adjusted EBITDA Third Quarter 2025 Segment Adjusted EBITDA Reconciliation Reconciliation by CCS RUCKUS ANS Total Operating income, as reported $ 256.3 $ 19.1 $ 25.5 $ 300.9 Segment Amortizati
Slide 18: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation CommScope Holding Company, Inc. Free Cash Flow (Unaudited -- In millions) Free Cash Flow (1) Q3 Q4 Q1 Q2 Q3 2024 2024 2025 2025 2025 Cash flow from operations $ 122.2 $ 277.8 $ (186.9) $ 77.1 $ 151.4 Capital expenditures (6.7) (7.3) (15.5) (12.6) (16.4) Free cash flow 1
Slide 19: Adjusted Gross Profit and Adjusted Operating Expense Reconciliations
Adjusted Gross Profit and Adjusted Operating Expense Reconciliations 18 © 2025 CommScope, LLC. All rights reserved. | CommScope, ARRIS and t he ARRIS l ogo are trademarks of CommScope, Inc. and/or it s affiliates. All other trademarks are t he property of thei r respective owners.
Slide 20: Adjusted EBITDA Outlook Reconciliation
CommScope Holding Company, Inc. Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures (Unaudited -- In millions) Consolidated Adjusted EBITDA Outlook Reconciliation Adjusted EBITDA Outlook Range 2025 Outlook Operating income Adjustments: $ 890 $ 935 Reconciliation Amortization of purchased i
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