CommScope announces record first quarter 2007 results
The revival of the communications market has been very, very good to CommScope. The company reported record first quarter sales of $435 million, up 24 percent from last year; income of $45.9 million, more than tripling its $12.7 million profit in Q1 ’06; and orders of $460 million, up 15 percent from a year ago.
The company reported sales for the first quarter were primarily driven by increased customer demand in all segments and price increases implemented during 2006 in response to higher raw material costs. The company experienced particularly strong sales growth in its Carrier segment.
The Broadband segment was driven by cable operators implementing the triple play, and boosted by price increases implemented in the first half of 2006, and higher sales volume, including sales of products from Signal Vision, which Commscope acquired a year ago.