SAN FRANCISCO (Standard&Poor's) July 28, 2015--Standard&Poor's Ratings Services said today that Hickory, N.C.-based telecommunications infrastructure solutions provider CommScope Holding Co. Inc.'s (BB-/Stable/--) financial results for its quarter ended June 30, 2015, do not affect our rating on the company. CommScope's quarterly revenues increased 5% from the previous quarter but declined 19% year-over-year, as wireless revenues declined 29% due to weakness in North American carrier spending (as expected) and very strong results in the year-ago quarter, offsetting growth in the enterprise and broadband segments. The EBITDA margin of 22% was down 5% from the year-ago quarter but better than expected on improving enterprise and broadband profitability due to an improved mix, lower material cost, and cost controls.
