HICKORY, N.C., Oct. 30 /PRNewswire-FirstCall/ -- -- Record third quarter EPS of $0.81; up 33 percent year over year -- Record third quarter sales of $514 million, up 10 percent year over year -- Operating income increases more than 25 percent to $81 million -- Operating margin of 15.8 percent -- Orders of $482 million, up 25 percent year over year
CommScope, Inc. (NYSE: CTV), a global leader in infrastructure solutions for communications networks, today announced record third quarter results for the period ended September 30, 2007 .
For the third quarter of 2007, CommScope reported sales of
"We are pleased to deliver another strong quarter as all of our operating segments continue to benefit from the global demand for bandwidth," said CommScope Chairman and Chief Executive Officer, Frank M. Drendel. "We believe that video, data intensive applications, mobility and dynamic websites create an ongoing need for infrastructure solutions for communication networks. With our acquisition of Andrew Corporation on track to be completed by the end of this year, we believe that CommScope, as a global leader in 'last mile' infrastructure solutions, will be solidly positioned to continue to benefit from these long-term trends," Drendel added.
Sales for the third quarter of 2007 increased 10.2 percent year over year, primarily driven by increased volume in all three segments, with particular strength in the Carrier segment.
Enterprise segment sales rose 1.1 percent year over year to
CommScope announced price increases on selected Enterprise cable and apparatus late in the third quarter of 2007 in response to higher costs. The company expects limited revenue and gross margin benefit from these price increases during the fourth quarter of 2007.
Broadband segment sales rose 12.1 percent year over year to
Carrier segment sales increased 32.1 percent year over year to
Total international sales for the third quarter of 2007 rose 19.0 percent
year over year to
External orders booked in the third quarter of 2007 were