CommScope releases Q4 and full-year 2021 earnings
In February, 2022, CommScope released its earnings for the fourth quarter and full year of 2021. The company reported a 1.8% increase in revenue over 2021, which reached $8.6 billion. The company indicated that the negative impact of the COVID-19 (coronavirus) pandemic eased over 2021, while strain in networks boosted demand for products within its Broadband Networks segment. However, this has been partially offset by increasing commodity prices and shortages in component parts
Balance Sheet|New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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