<PAGE>

                                  FORM 10-Q/A


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                 CURRENT REPORT


QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 FOR THE QUARTERLY PERIOD ENDING MARCH 31, 2000

Date of Report:  May 22, 2000



                        CHANNELL COMMERCIAL CORPORATION
             (Exact name of Registrant as specified in its charter)


DELAWARE                                  0-28582               95-2453261
--------                                  -------               ----------
(State or other jurisdiction        (Commission File No.)    (I.R.S. Employer
of incorporation or organization)                            Identification No.)


                     26040 Ynez Road, Temecula, California
                    (Address of principal executive offices)

                                     92591
                                   (Zip Code)

                                 (909) 719-2600
              (Registrant's telephone number, including area code)
<PAGE>

Part 1 FINANCIAL INFORMATION, Items 1 and 2, of the Registrant's Current Report
on Form 10-Q (filed on May 12, 2000), event date March 31, 2000, is amended to
read in its entirety as follows:

                        CHANNELL COMMERCIAL CORPORATION

                 CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

                 (amounts in thousands, except per share data)

<TABLE>
<CAPTION>
                                                                          Three months ended
                                                                              March 31,
                                                                        ----------------------
                                                                          2000          1999
                                                                        ---------     --------
<S>                                                                     <C>           <C>
Net sales                                                                 $32,250       $24,703
Cost of goods sold                                                         21,009        15,104
                                                                          -------       -------

              Gross profit                                                 11,241         9,599
Operating expenses
              Selling                                                       3,985         3,335
              General and administrative                                    3,156         2,253
              Research and development                                        610           627
                                                                          -------       -------
                                                                            7,751         6,215
                                                                          -------       -------
              Income from operations                                        3,490         3,384

Interest income (expense), net                                               (603)         (537)
                                                                          -------       -------
              Income before income taxes                                    2,887         2,847

Income taxes                                                                1,276         1,137
                                                                          -------       -------
              Net income                                                  $ 1,611       $ 1,710
                                                                          =======       =======
              Net income per share

                          Basic                                           $  0.18       $  0.19
                                                                          =======       =======
                          Diluted                                         $  0.17       $  0.19
                                                                          =======       =======
Net income                                                                $ 1,611       $ 1,710

Other comprehensive income, net of tax
     Foreign currency translation adjustments                                (772)            5
                                                                          -------       -------
Comprehensive net income                                                  $   839       $ 1,715
                                                                          =======       =======
</TABLE>

                                                                     Page 1 of 9
<PAGE>

                         CHANNELL COMMERCIAL CORPORATION

                     CONSOLIDATED BALANCE SHEETS (Unaudited)

                             (amounts in thousands)
<TABLE>
<CAPTION>

                                                                                             Mar. 31,              Dec. 31,
                                                                                               2000                  1999
                                                                                             ----------            ----------
<S>                                                                                          <C>                    <C>
ASSETS
     Current assets
              Cash and cash equivalents                                                       $   2,142             $   2,733
              Accounts receivable, net                                                           23,346                23,235
              Inventories                                                                        18,338                19,449
              Deferred income taxes                                                                 622                   707
              Prepaid expenses                                                                    2,439                 2,294
              Income taxes receivable                                                               309                   389
                                                                                              ---------             ---------
                          Total current assets                                                   47,196                48,807

     Property and equipment at cost, net                                                         50,500                49,452

     Deferred income taxes                                                                          154                   124

     Intangible assets, net                                                                      14,239                14,450

     Other assets                                                                                 1,759                 1,707
                                                                                              ---------             ---------
                                                                                              $ 113,848             $ 114,540
                                                                                              =========             =========
LIABILITIES AND STOCKHOLDERS' EQUITY
     Current liabilities
              Accounts payable                                                                $   7,628             $  11,643
              Short term debt (including current maturities of long term debt)                      470                 4,135
              Current maturities of capital lease obligations                                     2,859                 2,608
              Accrued expenses                                                                    1,954                 2,497
              Income taxes payable                                                                2,018                    --
                                                                                              ---------             ---------
                          Total current liabilities                                              14,929                20,883
                                                                                              ---------             ---------
     Long term debt, less current maturities                                                     31,547                26,240

     Capital lease obligations, less current maturities                                           4,149                 5,078

     Stockholders' equity
              Preferred stock                                                                        --                    --
              Common stock, par value $.01 per share, authorized --
                          19,000 shares; issued - 9,242 shares at March 31, 2000
                          and 9,237 at December 31, 1999; 9,081 outstanding at
                          March 31, 2000; 9,076 outstanding at December 31, 1999                     92                    92
              Additional paid-in capital                                                         28,036                27,991
              Treasury stock - 161 shares                                                        (1,352)               (1,352)
              Retained earnings                                                                  36,863                35,252
              Accumulated other comprehensive income -
                   Foreign currency translation                                                    (416)                  356
                                                                                              ---------             ---------
              Total stockholders' equity                                                         63,223                62,339
                                                                                              ---------             ---------
              Total liabilities and stockholders' equity                                      $ 113,848             $ 114,540
                                                                                              =========             =========
</TABLE>

                                                                     Page 2 of 9
<PAGE>

                         CHANNELL COMMERCIAL CORPORATION
                CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
                             (amounts in thousands)
<TABLE>
<CAPTION>


                                                                                 Three months ended
                                                                                      March 31,
                                                                                -----------------------
                                                                                   2000          1999
                                                                                 ---------     --------
<S>                                                                              <C>           <C>
Cash flows from operating activities:
              Net income                                                         $ 1,611       $ 1,710
                          Depreciation and amortization                            1,881         1,424
                          Deferred income taxes                                      (72)          (16)
              Change in assets and liabilities:
                  (Increase) decrease in assets:
                          Accounts receivable                                       (342)        1,543
                          Inventories                                              1,135        (1,418)
                          Prepaid expenses                                           (68)          460
                          Other                                                      (52)          (16)
                  Increase (decrease) in liabilities:
                          Accounts payable                                        (4,015)       (1,691)
                          Accrued expenses                                          (543)        1,048
                          Income taxes payable                                     2,098           641
                                                                                 -------       -------
Net cash provided by operating activities                                          1,633         3,685
                                                                                 -------       -------

Cash flows from investing activities:
              Acquisition of property and equipment                               (2,745)       (1,680)
              Dispositions of property and equipment                                  28            27
                                                                                 -------       -------
Net cash used in investing activities                                             (2,717)       (1,653)
                                                                                 -------       -------
Cash flows from financing activities:
              Repayment of debt                                                   (3,926)       (4,463)
              Proceeds from issuance of long term debt                             5,568            --
              Repayment of obligations under capital lease                          (697)         (191)
              Exercise of stock options                                               45            --
                                                                                 -------       -------
Net cash provided (used) in financing activities                                     990        (4,654)
                                                                                 -------       -------
Effect of exchange rates on cash                                                    (497)            5
                                                                                 -------       -------
(Decrease) in cash and cash equivalents                                             (591)       (2,617)

Cash and cash equivalents, beginning of period                                     2,733         5,828
                                                                                 -------       -------

Cash and cash equivalents, end of period                                         $ 2,142       $ 3,211
                                                                                 =======       =======
Cash paid during the period for:
              Interest                                                           $   512       $   376
                                                                                 =======       =======
              Income taxes                                                       $   173       $   338
                                                                                 =======       =======
</TABLE>

                                                                     Page 3 of 9
<PAGE>

                        CHANNELL COMMERCIAL CORPORATION
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Unaudited)
                            March 31, 2000 and 1999

                 (amounts in thousands, except per share data)

1.  Unaudited financial statements: In the opinion of management, all
    adjustments, consisting only of normal recurring adjustments necessary for a
    fair presentation of (a) the consolidated statements of income for the
    three-months ended March 31, 2000 and 1999, (b) the consolidated balance
    sheets at March 31, 2000, and (c) the consolidated statements of cash flows
    for the three-month periods ended March 31, 2000 and 1999 have been made.
    The results for the three-month period ended March 31, 2000, are not
    necessarily indicative of the results for the entire year.

2.  Inventories:  Inventories stated at the lower of cost or market (first-in,
    first-out method) are summarized as follows:

<TABLE>
<S>                         <C>
                            March 31,
                             2000
                           ----------
Raw Materials               $ 9,239
Work-in-Process               2,356
Finished Goods                6,743
                           ----------
                            $18,338
                           ==========
</TABLE>

3.   Income per share: Basic income per share excludes dilution and is computed
     by dividing net income available to common stockholders by the weighted
     average number of common shares outstanding for the period. Diluted income
     per share reflects the potential dilution that could occur if options to
     acquire common stock were exercised. The following is a reconciliation of
     the number of shares (denominator) used in the basic and diluted income per
     share computations for the quarters ending March 31st:


<TABLE>


                                 2000                         1999
                          -----------------             -------------------
                                      Per                            Per
                                     Share                          Share
                          Shares     Amount             Shares      Amount
                          ------     ------             ------      ------
<S>                       <C>        <C>                <C>         <C>
Basic income per
    share                  9,078     $ .18               9,099       $.19
Effect of dilutive
    stock options            230      (.01)                 --         --
                           -----      -----              -----       ----
Diluted income per
    share                  9,308     $ .17               9,099       $.19
                           =====     =====               =====       ====
</TABLE>


                                                                     Page 4 of 9
<PAGE>

     The following options were not included in the computation of diluted
     income per share as a result of the options' exercise price exceeding the
     average market price of the common shares:


<TABLE>
<CAPTION>
                                                  2000                 1999
                                                  ----                 ----
<S>                                           <C>                  <C>
    Options to purchase shares of
    common stock                                  --                     678

    Exercise price                                --               $10.06 - $13.25
                                                                     July 2007 -
    Expiration dates                              --               October 2009
</TABLE>

4.   Segments:  The Company operates in one industry segment as a manufacturer
     and supplier of telecommunications equipment. Currently, the Company is
     organized into four geographic regions: the United States, Europe/Middle
     East, Canada and Australia/Asia. The following tables summarize segment
     information for the three-month periods ended March 31, 2000 and 1999.

<TABLE>
<CAPTION>
                                                   Three Months Ended
                                                        March 31,
                                                 --------------------------
<S>                                          <C>                <C>
                                                   2000              1999
                                                   ----              ----
Revenues from unrelated entities:
United States                                    $22,556            $16,326
Europe/Middle East                                 5,835              3,602
Canada                                             1,138                834
Australia/Asia                                     2,721              3,941
                                                 -------            -------
                                                 $32,250            $24,703
                                                 =======            =======

Income from operations:
United States                                    $ 4,388            $ 3,036
Europe/Middle East                                  (513)              (625)
Canada                                                57                126
Australia/Asia                                      (442)               847
                                                 -------            -------
                                                 $ 3,490            $ 3,384
                                                 =======            =======
</TABLE>

     There has not been any significant change in the total assets of each
     reportable segment from the amounts disclosed in the Audited Financial
     Statements and Notes thereto for the year ended December 31, 1999.


                                                                     Page 5 of 9
<PAGE>

Part I - Financial Information

  Item 2 - Management's Discussion and Analysis of Results of Operations and
           Financial Condition

Results of Operations

Comparison of the Three Months Ended March 31, 2000 With the Three Months Ended
March 31, 1999

     Net Sales.  Net sales increased $7.6 million or 30.6% from $24.7 million in
the first three months of 1999 to $32.3 million in the first three months of
2000, as a result of increased sales of telecommunications enclosure and
component products in both the domestic and international markets.

     Domestic net sales increased $6.3 million or 38.7% from $16.3 million in
the first three months of 1999 to $22.6 million in the first three months of
2000, primarily due to continued growth in both upgrade and rebuild construction
to facilitate enhanced voice, data and video requirements.  International net
sales increased $1.3 million or 15.5% from $8.4 million in the first three
months of 1999 to $9.7 million in the first three months of 2000 as a result of
increased sales of $2.2 million in Europe / Middle East and $0.3 million in
Canada offset by decreased sales of $1.2 million in Australia / Asia.

     Gross Profit.  Gross profit increased $1.6 million or 16.7% from $9.6
million in the first three months of 1999 to $11.2 million in the first three
months of 2000.  Of this improvement, $2.8 million was attributable to increased
sales volume of the Company's domestic telecommunications enclosure and
component products, while gross profit decreased $1.2 million on international
sales.  Gross margin decreased from 38.9% to 34.9% during the comparable periods
primarily due to a 16.2% margin contribution from international revenues.  The
decline is a result of margin contributions of 14.5%, 33.0% and 9.8% in Europe /
Middle East, Canada and Australia / Asia respectively.  The gross margin on the
Company's domestic telecommunications enclosure and component products increased
slightly from 42.3% the first quarter of 1999 to 42.9% in the first quarter of
2000.

     Selling.  Selling expense increased $0.7 million or 21.2% from $3.3 million
in the first three months of 1999 to $4.0 million in the first three months of
2000, primarily as a result of $0.3 million in increased payroll and related
expenses associated with staffing to support increased sales and marketing
activities worldwide.  Advertising and marketing expenses increased $0.2 million
and freight expense increased $0.2 million as a result of increased sales for
the quarter.  As a percentage of net sales, selling expense decreased from 13.4%
in the 1999 period to 12.4% in the 2000 period.



                                                                     Page 6 of 9
<PAGE>

     General and Administrative.  General and administrative expenses increased
$0.9 million or 39.1% from $2.3 million in the first quarter of 1999 to $3.2
million in the first quarter of 2000.  The increase is primarily as a result of
the completion of the new business information system using i2 Rhythm Factory
Planner, Oracle ERP software and associated hardware in the fourth quarter of
1999.  As a result of this program completion, depreciation expense in the first
quarter of 2000 increased by $0.2 million over the first quarter of 1999.
Business information system expenses increased in the first quarter of 2000 by
$0.4 million over the first quarter of 1999 in support of the completed program.
Wages and related payroll expenses increased $0.3 million.  As a percentage of
net sales, general and administrative expenses increased from 9.3% in the 1999
period to 9.9% in the 2000 period.

     Research and Development.  Research and development expenses were $0.6
million in the first three months of both 1999 and 2000.  As a percentage of net
sales, research and development expense decreased from 2.4% in the 1999 period
to 2.0% in the 2000 period.

     Income from Operations.  As a result of the items discussed above, income
from operations increased $0.1 million or 2.9% from $3.4 million in the first
three months of 1999 to $3.5 million in the first three months of 2000, while
operating margin decreased from 13.8% to 10.8%.

     Income Taxes.  Income taxes increased $0.2 million or 18.2% from $1.1
million to $1.3 million in the first three months of 2000.  The net effective
tax rate increased from 40.6% in 1999 to 44.2% in 2000, due primarily to an
increase in income derived from higher tax rate countries in the first quarter
of 2000 as compared to lower tax rate countries in the first quarter of 1999 and
the decrease in available state tax credits due to decreased capital
expenditures in California.

Liquidity and Capital Resources

     Net cash provided by operating activities was $3.7 million and $1.9 million
for the three months ended March 31, 1999 and 2000, respectively.  Net cash used
in financing activities was $4.7 million for the three months ended March 31,
1999 and net cash provided by financing activities was $1.0 million for the
three months ended March 31, 2000.  Net cash used in investing activities was
$1.7 million and $2.7 million for the periods ending March 31, 1999 and 2000,
respectively.

     Accounts receivable increased from $23.2 million at December 31, 1999, to
$23.3 million at March 31, 2000, as a result of slightly higher sales in the
first quarter of 2000 as compared to the fourth quarter of 1999.  Inventories
decreased from $19.4 million at December 31, 1999, to $18.3 million at March 31,
2000, primarily as a result of improved inventory management from the newly
installed business information system.  Accounts payable decreased from $11.6
million at December 31, 1999 to $7.6 million at March 31, 2000 due to reduced
inventory purchases in the first quarter of 2000 as compared to the fourth
quarter of 1999, as well as additional bank financing to repay outstanding trade
payables.

                                                                     Page 7 of 9
<PAGE>

     The Company made capital expenditures of $1.7 million and $2.8 million for
the first three months of 1999 and 2000.

     The Company, in the fourth quarter of 1999, amended its Senior Revolving
Loan Agreement ("Revolving Facility") with a bank which provided funds for the
Egerton acquisition, as well as for working capital and equipment acquisition
purposes.  The Revolving Facility is in the amount of $30.0 million of which
$27.4 million had been drawn down as of March 31, 2000.  The outstanding balance
bears interest payable monthly, at a variable rate based on either the bank's
base rate or the applicable LIBOR rate depending on the nature of the borrowing.
At March 31, 2000, the weighted average interest rate was 7.61%.  The loan is
collateralized by substantially all of the Company's tangible and intangible
assets and up to 65% of the capital stock of the Company's subsidiaries and is
due April 30, 2003.

     The Revolving Facility contains various financial and operating covenants
which, among other things, impose limitations on the Company's ability to incur
additional indebtedness, merge or consolidate, sell assets except in the
ordinary course of business, make certain investments, enter into leases and pay
dividends.  The Company is also required to comply with covenants related to
minimum net worth and other financial ratios.

     The Company also had a credit facility available to the Egerton
subsidiaries, which included an overdraft facility totaling approximately $5.0
million plus the combined cash balances of those subsidiaries. The facility also
included approximately $2.0 million to provide financing for international
letters of credit, forward exchange contracts and other items. The outstanding
balance (net of cash balances) bear interest at the bank's base rate plus a
spread ranging from 1.25% to a maximum of 4% depending on the amount borrowed.
The facility was collateralized by the assets of the subsidiaries. In February
2000, the Egerton facility was repaid using additional borrowings from the
Revolving Facility.

     In view of the substantial increase in the Company's revenue in the first
quarter  of 2000 over the first quarter of 1999 and the Company's historical
pattern of significant higher revenues in both the second and third quarters as
compared to the first quarter, the Company is currently negotiating an increase
to the Revolving Facility to allow for incremental capital expenditures and
working capital requirements necessitated by revenue growth.  The Company
believes that cash flow from operations, coupled with borrowings under an
increased credit facility will be sufficient to fund the Company's capital
expenditure and working capital requirements through 2000.

     Forward-looking statements contained within this 10-Q are subject to many
uncertainties in the Company's operations and business environments.  Examples
of such uncertainties include customer demand, low material costs, integration
of acquired businesses and worldwide economic conditions among others.  Such
uncertainties are discussed further in the Company's annual report and S-1 filed
with the Securities and Exchange Commission.

                                                                     Page 8 of 9
<PAGE>

                                  SIGNATURES
                                  ----------

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                  CHANNELL COMMERCIAL CORPORATION
                                         (Registrant)


Dated: May 22, 2000               By: /s/ Gary W. Baker
                                      -----------------------------
                                      Gary W. Baker
                                      Vice President, Finance

                                                                     Page 9 of 9