# EDGAR Filing Document

**Accession Number:** 0001517228
**File Stem:** 0001193125-25-257341
**Filing Date:** 2025-10
**Character Count:** 75843
**Document Hash:** 47a62227e86389fa61adf662f5a6c02d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-257341.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001193125-25-257341

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251030

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CommScope Holding Company, Inc.
- **CENTRAL INDEX KEY:** 0001517228
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 274332098
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36146
- **FILM NUMBER:** 251432061

**BUSINESS ADDRESS:**
- **STREET 1:** 3642 E. US HIGHWAY 70
- **CITY:** CLAREMONT
- **STATE:** NC
- **ZIP:** 28610
- **BUSINESS PHONE:** 828-459-5000

**MAIL ADDRESS:**
- **STREET 1:** 3642 E. US HIGHWAY 70
- **CITY:** CLAREMONT
- **STATE:** NC
- **ZIP:** 28610

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549** 

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**FORM** 8-K

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**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported):** October 30, 2025

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COMMSCOPE HOLDING COMPANY, INC.

**(Exact name of Registrant as Specified in Its Charter)** 

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| | | |
|:---|:---|:---|
| Delaware | 001-36146 | 27-4332098 |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| 3642 E**.** US Highway 70<br>Claremont**,** North Carolina |  | 28610 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (828) 459-5000

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)** 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | COMM | The NASDAQ Stock Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

On October 30, 2025, CommScope Holding Company, Inc. (the "Company" or "CommScope") issued a press release relating to its financial results for the third quarter of 2025. A copy of the press release, which is incorporated by reference herein, is attached hereto as Exhibit 99.1. Following the publication of the press release, the Company will host an earnings call during which its financial results for the third quarter of 2025 will be discussed.

The foregoing information (including the exhibit hereto) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit.** | &nbsp;&nbsp;**Description.** |
| &nbsp;&nbsp;99.1 | &nbsp;&nbsp;[<u>CommScope Holding Company, Inc. press release, dated October 30, 2025.</u>](comm-ex99_1.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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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 hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| Dated: October 30, 2025 |  | **COMMSCOPE HOLDING COMPANY, INC.** | **COMMSCOPE HOLDING COMPANY, INC.** |
|  | By: | /s/ Kyle D. Lorentzen | /s/ Kyle D. Lorentzen |
|  |  | Name: | Kyle D. Lorentzen |
|  |  | Title: | Executive Vice President and  |
|  |  |  | Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

![img234772185_0.jpg](img234772185_0.jpg)

**CommScope Reports Third Quarter 2025 Results**

**Third Quarter Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Consolidated net sales of $1.63 billion

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•RemainCo net sales of $516.3 million\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•GAAP income from continuing operations of $106.9 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Consolidated non-GAAP adjusted EBITDA of $402.5 million <sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•RemainCo non-GAAP adjusted EBITDA of $90.6 million\* <sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Cash flow generated by operations of $151.4 million and free cash flow of $135.0 million <sup>(2)</sup>

\* RemainCo financial measures reflect the results of the RUCKUS and Access Network Solutions (ANS) segments, in the aggregate, and exclude the results and performance of the Connectivity and Cable Solutions (CCS) segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business unit, since these costs were not directly attributable to these discontinued operations.

(1) See "Non-GAAP Financial Measures" and "Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures" below.

(2) The cash flows related to discontinued operations have not been segregated. Accordingly, this cash flow information includes the results of continuing and discontinued operations.

**CLAREMONT, NC, October 30, 2025** — CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in network connectivity solutions, today reported results for the quarter ended September 30, 2025.

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| | | | |
|:---|:---|:---|:---|
| **Summary of Consolidated Results** | **Summary of Consolidated Results** | **Summary of Consolidated Results** | **Summary of Consolidated Results** |
|  | **Q3** | **Q3** | **% Change** |
|  | **2025** | **2024** | **YOY** |
|  | **(in millions, except per share amounts)** | **(in millions, except per share amounts)** | **(in millions, except per share amounts)** |
| Consolidated net sales | $1629.7 | $1082.2 | 50.6% |
| RemainCo net sales <sup>(1)</sup> | 516.3 | 345.5 | 49.4 |
| GAAP income (loss) from continuing operations | 106.9 | (96.7) | NM |
| GAAP income (loss) from continuing operations per share | 0.38 | (0.52) | NM |
| Consolidated non-GAAP adjusted EBITDA <sup>(2)</sup> | 402.5 | 204.2 | 97.1 |
| RemainCo non-GAAP adjusted EBITDA <sup>(1) (2)</sup> | 90.6 | 46.5 | 94.8 |
| Non-GAAP adjusted net income per diluted share <sup>(2)</sup> | 0.62 | (0.06) | NM |
| NM – Not meaningful |  |  |  |
| (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. |
| (2) See "Non-GAAP Financial Measures" below. | (2) See "Non-GAAP Financial Measures" below. | (2) See "Non-GAAP Financial Measures" below. | (2) See "Non-GAAP Financial Measures" below. |

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"We are pleased with our outstanding results in the third quarter. All businesses continue to deliver strong results as we take advantage of strong market conditions and deliver against our strategic initiatives. CommScope net sales of $1.63 billion increased 50.6% from the prior year. Non-GAAP adjusted EBITDA was $402 million, a strong improvement of 97% year-over-year, marking the sixth consecutive quarter of adjusted EBITDA growth. Third quarter adjusted EBITDA as a percentage of revenues was 24.7%, compared to 18.9% in the prior year, a year-over-year improvement of 580 basis points. The performance is a testament to our focus on what we can control and our team

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implementing that strategic focus. We are well positioned as we move into the fourth quarter and are raising our 2025 consolidated adjusted EBITDA guideposts to $1.30 to $1.35 billion as well as raising our RemainCo adjusted EBITDA guidance to $350 to $375 million," said Chuck Treadway, President and Chief Executive Officer.

We now expect our CCS deal to close in the first quarter of 2026. When the deal closes, we plan to repay all existing debt, redeem our preferred equity and add modest new leverage to the remaining company. This will generate significant excess cash, and we expect to distribute a substantial portion of such excess cash to our common shareholders as a special dividend within 60 to 90 days following the closing of the transaction. The exact amount of the special dividend will be determined after the CCS closing, taking into account all relevant factors at the time.

"We are extremely happy with our strong cash flow generation. During the quarter, we increased our cash balance by $134 million and ended the quarter with $705 million of cash. As evidenced by the third quarter results in ANS and RUCKUS, we are excited about the future of the remaining company. On a twelve-month trailing basis, ANS and RUCKUS Non-GAAP adjusted EBITDA was $344 million, an increase of 135% versus the previous twelve-month period," said Kyle Lorentzen, Chief Financial Officer.

**Third Quarter Results and Comparisons** 

Consolidated net sales in the third quarter of 2025 increased 50.6% year-over-year to $1.63 billion due to higher net sales in all segments. Consolidated net sales increased across all regions, except the Caribbean and Latin America region.

Income from continuing operations of $106.9 million, or $0.38 per diluted share, in the third quarter of 2025, increased compared to the prior year period's loss from continuing operations of $96.7 million, or $(0.52) per share. Non-GAAP adjusted net income for the third quarter of 2025 was $172.0 million, or $0.62 per diluted share, versus $(13.2) million, or $(0.06) per share, in the third quarter of 2024.

Consolidated non-GAAP adjusted EBITDA increased 97.1% to $402.5 million in the third quarter of 2025 compared to the same period last year. Non-GAAP adjusted EBITDA as a percentage of net sales increased to 24.7% in the third quarter of 2025 compared to 18.9% in the same prior year period. RemainCo non-GAAP adjusted EBITDA increased 94.8% to $90.6 million in the third quarter of 2025 compared to the same prior year period. RemainCo non-GAAP adjusted EBITDA as a percentage of net sales increased to 17.5% in the third quarter of 2025 compared to 13.5% in the same prior year period.

Reconciliations of the reported GAAP results to non-GAAP adjusted results are included below.

**Third Quarter Comparisons**

**<u>Sales by Region</u>**

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| United States | $1220.0 | $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) |
| Canada | 34.1 | 34.2 | (0.3) |
| **Total net sales** | $1629.7 | $1082.2 | 50.6% |

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**<u>Segment Net Sales</u>**

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| RUCKUS | $178.5 | $154.9 | 15.2% |
| ANS | 337.8 | 190.6 | 77.2 |
| &nbsp;&nbsp;&nbsp;RemainCo net sales <sup>(1)</sup> | 516.3 | 345.5 | 49.4 |
| CCS | 1113.4 | 736.7 | 51.1 |
| **Total net sales** | $1629.7 | $1082.2 | 50.6% |

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**<u>Segment Operating Income (Loss)</u>**

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| RUCKUS | $19.1 | $7.8 | 144.9% |
| ANS | 25.5 | (16.7) | NM |
| &nbsp;&nbsp;&nbsp;RemainCo operating income (loss) <sup>(1)</sup> | 44.6 | (8.9) | NM |
| CCS | 256.3 | 136.5 | 87.8 |
| Corporate and other <sup>(2)</sup> |  | (25.4) | NM |
| **Total operating income** | $300.9 | $102.2 | 194.4% |

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**<u>Segment Adjusted EBITDA (See "Non-GAAP Financial Measures," below)</u>**

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| RUCKUS | $36.4 | $26.4 | 37.9% |
| ANS | 54.2 | 20.1 | 169.7 |
| &nbsp;&nbsp;&nbsp;RemainCo adjusted EBITDA <sup>(1)</sup> | 90.6 | 46.5 | 94.8 |
| CCS | 311.9 | 173.9 | 79.4 |
| Corporate and other <sup>(2)</sup> |  | (16.2) | NM |
| **Total segment adjusted EBITDA** | $402.5 | $204.2 | 97.1% |
| NM – Not meaningful | NM – Not meaningful | NM – Not meaningful | NM – Not meaningful |
| (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. |
| (2) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. | (2) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. | (2) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. | (2) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**CCS -** Net sales of $1,113.4 million increased 51.1% from the prior year period primarily driven by an increase in the Data Center business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**RUCKUS -** Net sales of $178.5 million increased 15.2% from the prior year period primarily driven by increased demand and an improved channel inventory position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**ANS -** Net sales of $337.8 million increased 77.2% from the prior year period driven by increases in Access Technologies and Broadband Networks Solutions (BNS).

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**Cash Flow and Balance Sheet**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•GAAP cash flow generated by operations in the third quarter of 2025 was $151.4 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Free cash flow in the third quarter of 2025 was $135.0 million after adjusting operating cash flow for $16.4 million of additions to property, plant and equipment. The cash flows related to discontinued operations have not been segregated. Accordingly, this cash flow information includes the results of continuing and discontinued operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company ended the quarter with $705.3 million in cash and cash equivalents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•As of September 30, 2025, the Company had no outstanding borrowings under its asset-based revolving credit facility and had availability of $576.5 million, after giving effect to borrowing base limitations and outstanding letters of credit. The Company ended the quarter with total liquidity of approximately $1,281.8 million.

**Conference Call, Webcast and Investor Presentation**

CommScope will host a conference call today at 8:30 a.m. ET in which management will discuss third quarter 2025 results. The conference call will also be webcast.

The live, listen-only audio of the call will be available through a link on the Events and Presentations page of CommScope's Investor Relations website.

A webcast replay will be archived on CommScope's website for a limited period of time following the conference call.

During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end, including questions relating to the planned sale of its CCS segment. The Company's responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.

**About CommScope:**

CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world's most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what's next and invent what's possible. Discover more at www.commscope.com.

Follow us on LinkedIn and X.

Sign up for our press releases and blog posts.

**Investor Contact:**<br> Massimo DiSabato, CommScope<br>Massimo.DiSabato@commscope.com

**News Media Contact:**<br>publicrelations@commscope.com

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**Non-GAAP Financial Measures**

CommScope management believes that presenting certain non-GAAP financial measures enhances an investor's understanding of our financial performance. CommScope management further believes that these financial measures are useful in assessing CommScope's operating performance from period to period by excluding certain items that we believe are not representative of our core business. CommScope management also uses certain of these financial measures for business planning purposes and in measuring CommScope's performance relative to that of its competitors. CommScope management believes these financial measures are commonly used by investors to evaluate CommScope's performance and that of its competitors. However, CommScope's use of certain non-GAAP terms may vary from that of others in its industry. Non-GAAP financial measures should not be considered as alternatives to operating income (loss), net income (loss), cash flow from operations or any other performance measures derived in accordance with U.S. GAAP as measures of operating performance, operating cash flows or liquidity. A reconciliation of each of the non-GAAP measures discussed herein to their most comparable GAAP measures is below.

**RemainCo Financial Measures**

RemainCo financial measures are the aggregate of the RUCKUS and Access Network Solutions segments. They do not include the results of the Connectivity and Cable Solutions (CCS) segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business unit, since these costs were not directly attributable to these discontinued operations. The RemainCo segments and the CCS segment represent the business segments as currently managed and reported by CommScope. Future results and the composition of any business divested in the future may vary and differ materially from the presentation of the RemainCo financial measures.

**Forward Looking Statements**

This press release 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 amended, which reflect our current views with respect to future events and financial performance. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "estimate," "expect," "project," "projections," "plans," "potential," "anticipate," "should," "could," "designed to," "foreseeable future," "believe," "think," "scheduled," "outlook," "target," "guidance" and similar expressions, although not all forward-looking statements contain such terms. This list of indicative terms and phrases is not intended to be all-inclusive.

These forward-looking statements are subject to various risks and uncertainties, many of which are outside our control, including, without limitation, the occurrence of any event, change or other circumstances that could give rise to the termination of the purchase agreement with Amphenol Corporation ("Amphenol"), pursuant to which Amphenol has agreed to acquire our CCS segment (the "proposed transaction"); the inability to complete the proposed transaction due to the failure to satisfy the conditions to completion of the proposed transaction, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed transaction; risks related to disruption of management's attention from the Company's ongoing business operations due to the proposed transaction; the effect of the announcement of the proposed transaction on the Company's relationships, operating results and business generally; the risk that the proposed transaction will not be consummated in a timely manner; exceeding the expected costs of the transaction; our dependence on customers' capital spending on data, communication and entertainment equipment, which could be negatively impacted by a regional or global economic downturn, among other factors; the potential impact of higher than normal inflation; concentration of sales among a limited number of customers and channel partners; risks associated with our sales through channel partners; changes to the regulatory environment in which we and our customers operate; changes in technology; industry competition

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and the ability to retain customers through product innovation, introduction, and marketing; changes in cost and availability of key raw materials, components and commodities and the potential effect on customer pricing and timing of delivery of products to customers; risks related to our ability to implement price increases on our products and services; risks associated with our dependence on a limited number of key suppliers for certain raw materials and components; risks related to the successful execution of CommScope NEXT and other cost saving initiatives; potential difficulties in realigning global manufacturing capacity and capabilities among our global manufacturing facilities or those of our contract manufacturers that may affect our ability to meet customer demands for products; possible future restructuring actions; the risk that our manufacturing operations, including our contract manufacturers on which we rely, encounter capacity, production, quality, financial or other difficulties causing difficulty in meeting customer demands; our substantial indebtedness, including our upcoming maturities and evaluation of capital structure alternatives and restrictive debt covenants; our ability to refinance existing indebtedness prior to its maturity or incur additional indebtedness at acceptable interest rates or at all; our ability to generate cash to service our indebtedness; the ability to recognize the expected benefits of the sales of the CCS business and prior transactions, including the expected financial performance of CommScope following the proposed transaction and prior sales transactions; the effect of the proposed transaction and prior sales transactions on the ability of CommScope to retain and hire key personnel and maintain relationships with its key business partners and customers, and others with whom it does business, or on its operating results and businesses generally; the response of CommScope's competitors, creditors and other stakeholders to the proposed transaction and prior sales transactions; potential litigation relating to the proposed transaction and prior sales transactions; our ability to integrate and fully realize anticipated benefits from prior or future divestitures, acquisitions or equity investments; possible future additional impairment charges for fixed or intangible assets, including goodwill; our ability to attract and retain qualified key employees; labor unrest; product quality or performance issues, including those associated with our suppliers or contract manufacturers, and associated warranty claims; our ability to maintain effective management information technology systems and to successfully implement major systems initiatives; cyber-security incidents, including data security breaches, ransomware or computer viruses; the use of open standards; the long-term impact of climate change; significant international operations exposing us to economic risks like variability in foreign exchange rates and inflation, as well as political and other risks, including the impact of wars, regional conflicts and terrorism; our ability to comply with governmental anti-corruption laws and regulations worldwide; the impact of export and import controls and sanctions worldwide on our supply chain and ability to compete in international markets; changes in the laws and policies in the United States affecting trade, including the risk and uncertainty related to tariffs or potential trade wars and potential changes to laws and policies, that may impact our products and costs; the costs of protecting or defending intellectual property; costs and challenges of compliance with domestic and foreign social and environmental laws; the impact of litigation and similar regulatory proceedings in which we are involved or may become involved, including the costs of such litigation; the scope, duration and impact of disease outbreaks and pandemics, such as COVID-19, on our business, including employees, sites, operations, customers, supply chain logistics and the global economy; our stock price volatility; income tax rate variability and ability to recover amounts recorded as deferred tax assets; and other factors beyond our control. These and other factors are discussed in greater detail in our 2024 Annual Report on Form 10-K and may be updated from time to time in our annual reports, quarterly reports, current reports and other filings we make with the Securities and Exchange Commission. Although the information contained in this press release represents our best judgment as of the date of this release based on information currently available and reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. Given these uncertainties, we caution you not to place undue reliance on these forward-looking statements, which speak only as of the date made. We are not undertaking any duty or obligation to update this information to reflect developments or information obtained after the date of this press release, except to the extent required by law.

**—END—**

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| | | | | |
|:---|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Condensed Consolidated Statements of Operations** | **Condensed Consolidated Statements of Operations** | **Condensed Consolidated Statements of Operations** | **Condensed Consolidated Statements of Operations** | **Condensed Consolidated Statements of Operations** |
| **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** |
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Net sales | $1629.7 | $1082.2 | $4130.0 | $3036.7 |
| Cost of sales | 961.9 | 647.1 | 2401.9 | 1907.5 |
| Gross profit | 667.8 | 435.1 | 1728.1 | 1129.2 |
| Transition service agreement income | 8.6 | 4.4 | 27.6 | 22.4 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;Selling, general and administrative | 226.8 | 203.4 | 636.6 | 565.5 |
| &nbsp;&nbsp;Research and development | 95.3 | 78.0 | 270.1 | 235.2 |
| &nbsp;&nbsp;Amortization of purchased intangible assets | 51.7 | 56.8 | 157.3 | 181.4 |
| &nbsp;&nbsp;Restructuring costs (credits), net | 1.8 | (0.9) | 16.0 | 30.6 |
| &nbsp;&nbsp;Other | (0.1) |  | 4.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 375.5 | 337.3 | 1084.8 | 1012.7 |
| Operating income | 300.9 | 102.2 | 670.9 | 138.9 |
| Other income (expense), net | (0.7) | (6.8) | (22.0) | 1.7 |
| Interest expense | (154.6) | (168.0) | (484.4) | (503.2) |
| Interest income | 3.9 | 2.6 | 11.4 | 8.3 |
| Income (loss) from continuing operations before income taxes | 149.5 | (70.0) | 175.9 | (354.3) |
| Income tax (expense) benefit | (42.6) | (26.7) | 250.1 | (41.6) |
| Income (loss) from continuing operations | 106.9 | (96.7) | 426.0 | (395.9) |
| Income from discontinued operations, net of income tax<br> (expense) benefit of $3.3, $(22.1), $(380.4) and $(73.8), <br> respectively | 1.5 | 63.7 | 498.2 | 73.6 |
| Net income (loss) | 108.4 | (33.0) | 924.2 | (322.3) |
| Series A convertible preferred stock dividends | (17.3) | (16.4) | (51.3) | (48.6) |
| Net income (loss) attributable to common stockholders | $91.1 | $(49.4) | $872.9 | $(370.9) |
| Basic: |  |  |  |  |
| Earnings (loss) from continuing operations per share | $0.40 | $(0.52) | $1.71 | $(2.08) |
| Earnings from discontinued operations per share | 0.01 | 0.29 | 2.28 | 0.35 |
| Earnings (loss) per share | $0.41 | $(0.23) | $3.99 | $(1.73) |
| Diluted: |  |  |  |  |
| Earnings (loss) from continuing operations per share | $0.38 | $(0.52) | $1.55 | $(2.08) |
| Earnings from discontinued operations per share | 0.01 | 0.29 | 1.82 | 0.35 |
| Earnings (loss) per share | $0.39 | $(0.23) | $3.37 | $(1.73) |
| Weighted average shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 221.5 | 215.9 | 218.7 | 213.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted (a) | 277.7 | 215.9 | 274.1 | 213.9 |
| (a) Calculation of diluted earnings (loss) per share: |  |  |  |  |
| Net income (loss) attributable to common stockholders (basic and diluted) | $91.1 | $(49.4) | $872.9 | $(370.9) |
| Weighted average shares (basic) | 221.5 | 215.9 | 218.7 | 213.9 |
| Dilutive effect of as-if converted Series A convertible preferred stock | 45.9 |  | 45.3 |  |
| Dilutive effect of equity-based awards | 10.3 |  | 10.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Denominator (diluted) | 277.7 | 215.9 | 274.1 | 213.9 |
| See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. |

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| | | |
|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Condensed Consolidated Balance Sheets** | **Condensed Consolidated Balance Sheets** | **Condensed Consolidated Balance Sheets** |
| **(In millions, except share amounts)** | **(In millions, except share amounts)** | **(In millions, except share amounts)** |
|  | **Unaudited <br>September 30, 2025** | **December 31, 2024** |
| **Assets** |  |  |
| Cash and cash equivalents | $705.3 | $564.9 |
| Accounts receivable, net of allowance for doubtful accounts <br> of $13.3 and $16.5, respectively | 1042.5 | 685.9 |
| Inventories, net | 798.4 | 736.8 |
| Prepaid expenses and other current assets | 257.2 | 139.4 |
| Current assets held for sale |  | 1357.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 2803.4 | 3484.5 |
| Property, plant and equipment, net of accumulated depreciation <br> of $721.6 and $710.2, respectively | 335.6 | 342.2 |
| Goodwill | 2923.7 | 2867.3 |
| Other intangible assets, net | 1062.1 | 1216.2 |
| Deferred income taxes | 486.9 | 537.7 |
| Other noncurrent assets | 327.4 | 299.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $7939.1 | $8747.5 |
| **Liabilities and Stockholders' Deficit** |  |  |
| Accounts payable | $592.5 | $370.7 |
| Accrued and other liabilities | 651.3 | 613.7 |
| Current liabilities held for sale |  | 245.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 1243.8 | 1229.7 |
| Long-term debt | 7254.9 | 9238.4 |
| Deferred income taxes | 90.3 | 99.4 |
| Other noncurrent liabilities | 416.1 | 408.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 9005.1 | 10976.3 |
| Commitments and contingencies |  |  |
| Series A convertible preferred stock, $0.01 par value | 1278.7 | 1227.3 |
| Stockholders' deficit: |  |  |
| &nbsp;&nbsp;Preferred stock, $0.01 par value: Authorized shares: 200,000,000; |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issued and outstanding shares: 1,278,653 and 1,227,328, respectively,<br>Series A convertible preferred stock |  |  |
| &nbsp;&nbsp;Common stock, $0.01 par value: Authorized shares: 1,300,000,000; <br> Issued and outstanding shares: 221,527,126 and 215,887,001, <br> respectively | 2.4 | 2.3 |
| &nbsp;&nbsp;Additional paid-in capital | 2490.2 | 2514.2 |
| &nbsp;&nbsp;Accumulated deficit | (4400.3) | (5324.5) |
| &nbsp;&nbsp;Accumulated other comprehensive loss | (122.2) | (344.5) |
| &nbsp;&nbsp;Treasury stock, at cost: 17,540,748 shares and <br> 15,647,303 shares, respectively | (314.8) | (303.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' deficit | (2344.7) | (3456.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' deficit | $7939.1 | $8747.5 |
| See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Condensed Consolidated Statements of Cash Flows** <sup>(1)</sup> | **Condensed Consolidated Statements of Cash Flows** <sup>(1)</sup> | **Condensed Consolidated Statements of Cash Flows** <sup>(1)</sup> | **Condensed Consolidated Statements of Cash Flows** <sup>(1)</sup> | **Condensed Consolidated Statements of Cash Flows** <sup>(1)</sup> |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Operating Activities:** |  |  |  |  |
| &nbsp;&nbsp;Net income (loss) | $108.4 | $(33.0) | $924.2 | $(322.3) |
| Adjustments to reconcile net income (loss) to net cash generated <br> by operating activities: |  |  |  |  |
| &nbsp;&nbsp;Depreciation and amortization | 74.7 | 85.2 | 227.9 | 287.7 |
| &nbsp;&nbsp;Equity-based compensation | 10.7 | 8.3 | 27.3 | 21.1 |
| &nbsp;&nbsp;Deferred income taxes | 31.4 | (4.9) | 32.7 | 1.0 |
| &nbsp;&nbsp;Asset impairments |  |  |  | 17.2 |
| &nbsp;&nbsp;(Gain) loss on disposal of discontinued operations | 0.2 | 5.5 | (869.0) | 27.4 |
| &nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (108.8) | 81.4 | (347.3) | (109.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 22.5 | 11.5 | (67.5) | 58.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | (72.8) | (7.1) | (148.9) | (108.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and other liabilities | 82.3 | (35.6) | 208.2 | 93.8 |
| &nbsp;&nbsp;Other | 2.8 | 10.9 | 54.0 | 29.1 |
| Net cash generated by (used in) operating activities | 151.4 | 122.2 | 41.6 | (4.8) |
| **Investing Activities:** |  |  |  |  |
| &nbsp;&nbsp;Additions to property, plant and equipment | (16.4) | (6.7) | (44.5) | (18.0) |
| &nbsp;&nbsp;Proceeds from sale of property, plant and equipment |  |  | 10.0 | 0.2 |
| &nbsp;&nbsp;Net proceeds from divestitures | 0.1 |  | 2041.9 |  |
| &nbsp;&nbsp;Acquisition of a business |  |  |  | (45.1) |
| &nbsp;&nbsp;Other |  |  |  | 8.6 |
| Net cash generated by (used in) investing activities | (16.3) | (6.7) | 2007.4 | (54.3) |
| **Financing Activities:** |  |  |  |  |
| &nbsp;&nbsp;Long-term debt repaid |  | (8.0) | (2049.0) | (24.0) |
| &nbsp;&nbsp;Long-term debt proceeds |  |  | 50.0 |  |
| &nbsp;&nbsp;Debt issuance costs |  |  | (5.7) |  |
| &nbsp;&nbsp;Tax withholding payments for vested equity-based compensation<br> awards | (0.3) |  | (11.2) | (1.8) |
| Net cash used in financing activities | (0.3) | (8.0) | (2015.9) | (25.8) |
| Effect of exchange rate changes on cash and cash equivalents | (0.6) | 2.9 | 8.9 | (2.5) |
| Change in cash and cash equivalents | 134.2 | 110.4 | 42.0 | (87.4) |
| Cash and cash equivalents at beginning of period | 571.1 | 346.0 | 663.3 | 543.8 |
| Cash and cash equivalents at end of period | $705.3 | $456.4 | $705.3 | $456.4 |
| (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. |
| See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. | See notes to unaudited condensed consolidated financial statements included in our Form 10-Q. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** | **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** | **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** | **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** | **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** |
| **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** | **(Unaudited -- In millions, except per share amounts)** |
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Income (loss) from continuing operations, as reported** | $**106.9** | $**(96.7)** | $**426.0** | $**(395.9)** |
| Income tax expense (benefit), as reported | 42.6 | 26.7 | (250.1) | 41.6 |
| Interest income, as reported | (3.9) | (2.6) | (11.4) | (8.3) |
| Interest expense, as reported | 154.6 | 168.0 | 484.4 | 503.2 |
| Other (income) expense, as reported | 0.7 | 6.8 | 22.0 | (1.7) |
| Operating income, as reported | $300.9 | $102.2 | $670.9 | $138.9 |
| Adjustments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangible assets | 51.7 | 56.8 | 157.3 | 181.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring costs (credits), net | 1.8 | (0.9) | 16.0 | 30.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity-based compensation | 10.8 | 7.3 | 27.0 | 18.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction, transformation and integration costs | 20.0 | 19.5 | 50.9 | 45.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (0.1) |  | 4.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 17.4 | 19.3 | 53.7 | 62.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments to operating income | 101.6 | 102.0 | 309.7 | 338.2 |
| **Non-GAAP adjusted EBITDA** | $**402.5** | $**204.2** | $**980.6** | $**477.1** |
| **Income (loss) from continuing operations, as reported** | $**106.9** | $**(96.7)** | $**426.0** | $**(395.9)** |
| Adjustments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total pretax adjustments to adjusted EBITDA | 84.2 | 82.7 | 256.0 | 276.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pretax amortization of debt issuance costs and OID <sup>(1)</sup> | 5.6 | 6.8 | 23.9 | 20.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pretax gain on debt transactions <sup>(2)</sup> |  |  | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax effects of adjustments and other tax items <sup>(3)</sup> | (24.7) | (6.0) | (376.9) | 44.3 |
| **Non-GAAP adjusted net income (loss)** | $**172.0** | $**(13.2)** | $**330.1** | $**(55.3)** |
| **GAAP income (loss) from continuing operations per <br> share, as reported** <sup>(4)</sup> | $**0.38** | $**(0.52)** | $**1.55** | $**(2.08)** |
| **Non-GAAP adjusted diluted income (loss) per share** <sup>(5)</sup> | $**0.62** | $**(0.06)** | $**1.20** | $**(0.26)** |
| (1) Included in interest expense. | (1) Included in interest expense. | (1) Included in interest expense. | (1) Included in interest expense. | (1) Included in interest expense. |
| (2) Included in other income (expense), net. | (2) Included in other income (expense), net. | (2) Included in other income (expense), net. | (2) Included in other income (expense), net. | (2) Included in other income (expense), net. |
| (3) The tax rates applied to adjustments reflect the tax expense or benefit based on the tax jurisdiction of the entity generating the adjustment. There are certain items for which we expect little or no tax effect. | (3) The tax rates applied to adjustments reflect the tax expense or benefit based on the tax jurisdiction of the entity generating the adjustment. There are certain items for which we expect little or no tax effect. | (3) The tax rates applied to adjustments reflect the tax expense or benefit based on the tax jurisdiction of the entity generating the adjustment. There are certain items for which we expect little or no tax effect. | (3) The tax rates applied to adjustments reflect the tax expense or benefit based on the tax jurisdiction of the entity generating the adjustment. There are certain items for which we expect little or no tax effect. | (3) The tax rates applied to adjustments reflect the tax expense or benefit based on the tax jurisdiction of the entity generating the adjustment. There are certain items for which we expect little or no tax effect. |
| (4) For all periods presented, GAAP income (loss) from continuing operations per share was calculated using income (loss) from continuing operations in the numerator, and includes the impact of the Series A convertible preferred stock dividend for the three and nine months ended September 30, 2024. | (4) For all periods presented, GAAP income (loss) from continuing operations per share was calculated using income (loss) from continuing operations in the numerator, and includes the impact of the Series A convertible preferred stock dividend for the three and nine months ended September 30, 2024. | (4) For all periods presented, GAAP income (loss) from continuing operations per share was calculated using income (loss) from continuing operations in the numerator, and includes the impact of the Series A convertible preferred stock dividend for the three and nine months ended September 30, 2024. | (4) For all periods presented, GAAP income (loss) from continuing operations per share was calculated using income (loss) from continuing operations in the numerator, and includes the impact of the Series A convertible preferred stock dividend for the three and nine months ended September 30, 2024. | (4) For all periods presented, GAAP income (loss) from continuing operations per share was calculated using income (loss) from continuing operations in the numerator, and includes the impact of the Series A convertible preferred stock dividend for the three and nine months ended September 30, 2024. |
| (5) Diluted shares used in the calculation of non-GAAP adjusted diluted income (loss) per share are 277.7 million and 215.9 million for the three months ended September 30, 2025 and 2024, respectively, and 274.1 million and 213.9 million for the nine months ended September 30, 2025 and 2024, respectively. | (5) Diluted shares used in the calculation of non-GAAP adjusted diluted income (loss) per share are 277.7 million and 215.9 million for the three months ended September 30, 2025 and 2024, respectively, and 274.1 million and 213.9 million for the nine months ended September 30, 2025 and 2024, respectively. | (5) Diluted shares used in the calculation of non-GAAP adjusted diluted income (loss) per share are 277.7 million and 215.9 million for the three months ended September 30, 2025 and 2024, respectively, and 274.1 million and 213.9 million for the nine months ended September 30, 2025 and 2024, respectively. | (5) Diluted shares used in the calculation of non-GAAP adjusted diluted income (loss) per share are 277.7 million and 215.9 million for the three months ended September 30, 2025 and 2024, respectively, and 274.1 million and 213.9 million for the nine months ended September 30, 2025 and 2024, respectively. | (5) Diluted shares used in the calculation of non-GAAP adjusted diluted income (loss) per share are 277.7 million and 215.9 million for the three months ended September 30, 2025 and 2024, respectively, and 274.1 million and 213.9 million for the nine months ended September 30, 2025 and 2024, respectively. |
| See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. |

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| | | | |
|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Sales by Region** | **Sales by Region** | **Sales by Region** | **Sales by Region** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>Sales by Region</u>** | **<u>Sales by Region</u>** | **<u>Sales by Region</u>** | **<u>Sales by Region</u>** |
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| United States | $1220.0 | $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) |
| Canada | 34.1 | 34.2 | (0.3) |
| **Total net sales** | $1629.7 | $1082.2 | 50.6% |

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| | | | |
|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Segment Information** | **Segment Information** | **Segment Information** | **Segment Information** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>Segment Net Sales</u>** | **<u>Segment Net Sales</u>** | **<u>Segment Net Sales</u>** | **<u>Segment Net Sales</u>** |
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| RUCKUS | $178.5 | $154.9 | 15.2% |
| ANS | 337.8 | 190.6 | 77.2 |
| &nbsp;&nbsp;RemainCo net sales <sup>(1)</sup> | 516.3 | 345.5 | 49.4 |
| CCS | 1113.4 | 736.7 | 51.1 |
| **Total net sales** | $1629.7 | $1082.2 | 50.6% |
| **<u>Segment Adjusted EBITDA</u>** <sup>(2)</sup> | **<u>Segment Adjusted EBITDA</u>** <sup>(2)</sup> | **<u>Segment Adjusted EBITDA</u>** <sup>(2)</sup> | **<u>Segment Adjusted EBITDA</u>** <sup>(2)</sup> |
|  |  |  | **% Change** |
|  | **Q3 2025** | **Q3 2024** | **YOY** |
| RUCKUS | $36.4 | $26.4 | 37.9% |
| ANS | 54.2 | 20.1 | 169.7 |
| &nbsp;&nbsp;RemainCo adjusted EBITDA <sup>(1)</sup> | 90.6 | 46.5 | 94.8 |
| CCS | 311.9 | 173.9 | 79.4 |
| Corporate and other <sup>(3)</sup> |  | (16.2) | NM |
| **Total segment adjusted EBITDA** | $402.5 | $204.2 | 97.1% |
| (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. | (1) RemainCo financial measures reflect the results of the RUCKUS and ANS segments, in the aggregate, and exclude the results and performance of the CCS segment. RemainCo financial measures also exclude general corporate costs that were previously allocated to the OWN segment and DAS business unit, since these costs were not directly attributable to these discontinued operations. |
| (2) See "Non-GAAP Financial Measures" above. | (2) See "Non-GAAP Financial Measures" above. | (2) See "Non-GAAP Financial Measures" above. | (2) See "Non-GAAP Financial Measures" above. |
| (3) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. | (3) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. | (3) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. | (3) The corporate and other line item above reflects general corporate costs that were previously allocated to our OWN segment and DAS business unit. These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations. Beginning in the first quarter of 2025, the corporate and other costs related to our OWN segment and DAS business unit have been reallocated to our remaining segments and partially offset by income from the Amphenol TSA. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>Third Quarter 2025 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2025 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2025 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2025 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2025 Segment Adjusted EBITDA Reconciliation</u>** |
|  | **CCS** | **RUCKUS** | **ANS** | **Total** |
| **Operating income, as reported** | $**256.3** | $**19.1** | $**25.5** | $**300.9** |
| Amortization of purchased intangible assets | 17.7 | 12.7 | 21.4 | 51.7 |
| Restructuring costs, net | 0.7 | 0.6 | 0.5 | 1.8 |
| Equity-based compensation | 5.5 | 2.5 | 2.9 | 10.8 |
| Transaction, transformation and integration costs | 18.9 | 0.7 | 0.3 | 20.0 |
| Other |  | (0.1) |  | (0.1) |
| Depreciation | 12.9 | 0.9 | 3.6 | 17.4 |
| **Segment adjusted EBITDA** | $**311.9** | $**36.4** | $**54.2** | $**402.5** |
| **Segment adjusted EBITDA % of sales** | **28.0%** | **20.4%** | **16.0%** | **24.7%** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Third Quarter 2024 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2024 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2024 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2024 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2024 Segment Adjusted EBITDA Reconciliation</u>** | **<u>Third Quarter 2024 Segment Adjusted EBITDA Reconciliation</u>** |
|  | **CCS** | **RUCKUS** | **ANS** | **Corporate and other** <sup>(1)</sup> | **Total** |
| **Operating income (loss), as reported** | $**136.5** | $**7.8** | $**(16.7)** | $**(25.4)** | $**102.2** |
| Amortization of purchased intangible assets | 18.1 | 12.7 | 24.3 | 1.7 | 56.8 |
| Restructuring costs (credits), net | (0.6) | (0.2) | 0.1 | (0.2) | (0.9) |
| Equity-based compensation | 2.8 | 1.9 | 2.2 | 0.4 | 7.3 |
| Transaction, transformation and integration costs | 3.6 | 2.8 | 5.7 | 7.4 | 19.5 |
| Depreciation | 13.5 | 1.4 | 4.4 |  | 19.3 |
| **Segment adjusted EBITDA** | $**173.9** | $**26.4** | $**20.1** | $**(16.2)** | $**204.2** |
| **Segment adjusted EBITDA % of sales** | **23.6%** | **17.0%** | **10.5%** | **NM** | **18.9%** |
| (1) Includes general corporate costs that were previously allocated to the OWN segment and DAS business unit and are now classified as continuing operations, since the costs were not directly attributable to these discontinued operations. | (1) Includes general corporate costs that were previously allocated to the OWN segment and DAS business unit and are now classified as continuing operations, since the costs were not directly attributable to these discontinued operations. | (1) Includes general corporate costs that were previously allocated to the OWN segment and DAS business unit and are now classified as continuing operations, since the costs were not directly attributable to these discontinued operations. | (1) Includes general corporate costs that were previously allocated to the OWN segment and DAS business unit and are now classified as continuing operations, since the costs were not directly attributable to these discontinued operations. | (1) Includes general corporate costs that were previously allocated to the OWN segment and DAS business unit and are now classified as continuing operations, since the costs were not directly attributable to these discontinued operations. | (1) Includes general corporate costs that were previously allocated to the OWN segment and DAS business unit and are now classified as continuing operations, since the costs were not directly attributable to these discontinued operations. |
| NM – Not meaningful |  |  |  |  |  |
| Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. |
| See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Free Cash Flow** | **Free Cash Flow** | **Free Cash Flow** | **Free Cash Flow** | **Free Cash Flow** | **Free Cash Flow** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>Free Cash Flow</u>** <sup>(1)</sup> | **<u>Free Cash Flow</u>** <sup>(1)</sup> | **<u>Free Cash Flow</u>** <sup>(1)</sup> | **<u>Free Cash Flow</u>** <sup>(1)</sup> | **<u>Free Cash Flow</u>** <sup>(1)</sup> | **<u>Free Cash Flow</u>** <sup>(1)</sup> |
|  | **Q3<br>2024** | **Q4<br>2024** | **Q1<br>2025** | **Q2<br>2025** | **Q3<br>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** | **115.5** | **270.5** | **(202.4)** | **64.5** | **135.0** |
| (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Condensed Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Adjusted Gross Profit and Adjusted Operating Expense** | **Adjusted Gross Profit and Adjusted Operating Expense** | **Adjusted Gross Profit and Adjusted Operating Expense** | **Adjusted Gross Profit and Adjusted Operating Expense** | **Adjusted Gross Profit and Adjusted Operating Expense** | **Adjusted Gross Profit and Adjusted Operating Expense** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>GAAP to Non-GAAP Adjusted Gross Profit</u>** | **<u>GAAP to Non-GAAP Adjusted Gross Profit</u>** | **<u>GAAP to Non-GAAP Adjusted Gross Profit</u>** | **<u>GAAP to Non-GAAP Adjusted Gross Profit</u>** | **<u>GAAP to Non-GAAP Adjusted Gross Profit</u>** | **<u>GAAP to Non-GAAP Adjusted Gross Profit</u>** |
|  | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **Q3 2025** |
| **Gross profit, as reported** | $**435.1** | $**447.6** | $**468.6** | $**591.7** | $**667.8** |
| Equity-based compensation | 0.7 | 0.7 | 0.6 | 0.7 | 0.6 |
| Patent claims and litigation settlements |  | (1.0) |  |  |  |
| **Adjusted gross profit** | $**435.8** | $**447.3** | $**469.2** | $**592.4** | $**668.4** |
| **Adjusted gross profit as % of sales** | **40.3%** | **38.3%** | **42.2%** | **42.7%** | **41.0%** |
| **<u>GAAP to Non-GAAP Adjusted Operating Expense</u>** | **<u>GAAP to Non-GAAP Adjusted Operating Expense</u>** | **<u>GAAP to Non-GAAP Adjusted Operating Expense</u>** | **<u>GAAP to Non-GAAP Adjusted Operating Expense</u>** | **<u>GAAP to Non-GAAP Adjusted Operating Expense</u>** | **<u>GAAP to Non-GAAP Adjusted Operating Expense</u>** |
|  | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **Q3 2025** |
| **Selling, general and administrative, as reported** | $**203.4** | $**190.0** | $**194.2** | $**215.6** | $**226.8** |
| **Research and development, as reported** | **78.0** | **81.0** | **83.9** | **90.9** | **95.3** |
| **Operating expenses** | $**281.4** | $**271.0** | $**278.1** | $**306.5** | $**322.1** |
| Equity-based compensation | 6.6 | 6.3 | 6.5 | 8.4 | 10.2 |
| Transaction, transformation and integration costs | 19.5 | 17.4 | 15.7 | 15.2 | 20.0 |
| **Adjusted operating expense** | $**255.3** | $**247.3** | $**255.9** | $**282.9** | $**291.9** |
| **Adjusted operating expense as % of sales** | **23.6%** | **21.2%** | **23.0%** | **20.4%** | **17.9%** |
| Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. |
| See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. | See "Non-GAAP Financial Measures" above. |

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| | | |
|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** | **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** | **Reconciliation of GAAP Measures to Non-GAAP Adjusted Measures** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>Consolidated Adjusted EBITDA Outlook Reconciliation</u>** |  |  |
|  | **Outlook Range** | **Outlook Range** |
|  | **2025** | **2025** |
| &nbsp;&nbsp;**Operating income** | $**890** | $**935** |
| &nbsp;&nbsp;Adjustments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangible assets | 209 | 209 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity-based compensation | 35 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring costs, net and transaction and transformation costs | 90 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 71 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments to operating income | 410 | 415 |
| &nbsp;&nbsp;**Adjusted EBITDA** | $**1300** | $**1350** |
| **<u>RemainCo</u>** <sup>(1)</sup> **<u>Adjusted EBITDA Outlook Reconciliation</u>** |  |  |
|  | **Outlook Range** | **Outlook Range** |
|  | **2025** | **2025** |
| &nbsp;&nbsp;**RemainCo operating income** | $**150** | $**175** |
| &nbsp;&nbsp;Adjustments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangible assets | 140 | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity-based compensation | 17 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring costs, net and transaction and transformation costs | 23 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 20 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments to operating income | 200 | 200 |
| &nbsp;&nbsp;**RemainCo adjusted EBITDA** | $**350** | $**375** |
| (1) "RemainCo" outlook measures reflect the anticipated results or otherwise pertain to the expected performance of ANS and RUCKUS, in the aggregate, based on the segments as currently managed and reported by CommScope. Future results and the composition of any business divested in the future may vary and differ materially from the presentation of the RemainCo financial measures. | (1) "RemainCo" outlook measures reflect the anticipated results or otherwise pertain to the expected performance of ANS and RUCKUS, in the aggregate, based on the segments as currently managed and reported by CommScope. Future results and the composition of any business divested in the future may vary and differ materially from the presentation of the RemainCo financial measures. | (1) "RemainCo" outlook measures reflect the anticipated results or otherwise pertain to the expected performance of ANS and RUCKUS, in the aggregate, based on the segments as currently managed and reported by CommScope. Future results and the composition of any business divested in the future may vary and differ materially from the presentation of the RemainCo financial measures. |
| Our actual consolidated and RemainCo results may be impacted by additional events for which information is not currently available, such as additional restructuring activities, asset impairments, additional transaction, transformation and integration costs and other gains or losses related to events that are not currently known or measurable. | Our actual consolidated and RemainCo results may be impacted by additional events for which information is not currently available, such as additional restructuring activities, asset impairments, additional transaction, transformation and integration costs and other gains or losses related to events that are not currently known or measurable. | Our actual consolidated and RemainCo results may be impacted by additional events for which information is not currently available, such as additional restructuring activities, asset impairments, additional transaction, transformation and integration costs and other gains or losses related to events that are not currently known or measurable. |
| See "Forward-Looking Statements" and "Non-GAAP Financial Measures" above. |  |  |

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| | | | |
|:---|:---|:---|:---|
| **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** | **CommScope Holding Company, Inc.** |
| **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** | **Reconciliation of GAAP to Segment Adjusted EBITDA** |
| **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** | **(Unaudited -- In millions)** |
| **<u>RemainCo</u>** <sup>(1)</sup> **<u>Adjusted EBITDA Reconciliation</u>** | **<u>RemainCo</u>** <sup>(1)</sup> **<u>Adjusted EBITDA Reconciliation</u>** | **<u>RemainCo</u>** <sup>(1)</sup> **<u>Adjusted EBITDA Reconciliation</u>** | **<u>RemainCo</u>** <sup>(1)</sup> **<u>Adjusted EBITDA Reconciliation</u>** |
|  | **Three Months <br>Ended<br>September 30, 2025** | **Nine Months <br>Ended<br>September 30, 2025** | **Twelve Months <br>Ended<br>September 30, 2025** |
| **Operating income, as reported** | $**44.6** | $**121.0** | $**129.7** |
| Amortization of purchased intangible assets | 34.1 | 105.6 | 142.6 |
| Restructuring costs, net | 1.1 | 13.0 | 17.7 |
| Equity-based compensation | 5.4 | 13.7 | 17.5 |
| Transaction, transformation and integration costs | 1.0 | 7.7 | 11.9 |
| Other | (0.1) | 4.8 | 4.8 |
| Depreciation | 4.5 | 14.4 | 20.0 |
| **RemainCo adjusted EBITDA** | $**90.6** | $**280.2** | $**344.2** |
| (1) "RemainCo" financial measures reflect the results or otherwise pertain to the performance of ANS and RUCKUS, in the aggregate. | (1) "RemainCo" financial measures reflect the results or otherwise pertain to the performance of ANS and RUCKUS, in the aggregate. | (1) "RemainCo" financial measures reflect the results or otherwise pertain to the performance of ANS and RUCKUS, in the aggregate. | (1) "RemainCo" financial measures reflect the results or otherwise pertain to the performance of ANS and RUCKUS, in the aggregate. |
| Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. | Components may not sum to total due to rounding. |
| See Description of Non-GAAP Financial Measures. | See Description of Non-GAAP Financial Measures. | See Description of Non-GAAP Financial Measures. | See Description of Non-GAAP Financial Measures. |

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