Management to Meet with Investors at Citigroup Small & Mid-Cap Conference
Hickory, NC -- (March 13, 2007) CommScope, Inc. (NYSE: CTV), a global leader
in communications infrastructure solutions, today raised its first quarter 2007
financial guidance. CommScope Chairman and Chief Executive Officer Frank
Drendel will review the Company’s growth opportunities and discuss the increased
financial guidance when he meets with investors at Citigroup’s 2007 Small and
Mid-Cap Conference in Las Vegas, Nevada on Wednesday, March 14.
Due to positive trends in sales, orders and operations, CommScope management
now expects first quarter revenue to be in the $415-$425 million range and operating
margin to be in the 12.5% - 13.5% range, excluding any special items. The
Company’s previous guidance for the first quarter of 2007 was revenue of $390-$410
million and operating margin of 10.5% - 11.5%, excluding any special items.
The Company is not updating its previously announced, calendar-year 2007
financial guidance.
“We believe that CommScope is well positioned as powerful drivers continue
to change the face of global telecommunications,” said Drendel. “We remain
focused on execution and profitable growth and intend to continue building upon
our leadership position in the ‘last mile’ of telecommunications.”
Citigroup Conference
CommScope plans to participate in Citigroup’s 2007 Small and Mid-Cap Conference,
which is being held at The Four Seasons Hotel in Las Vegas, Nevada. Investors
are invited to listen to a live audio web cast of CommScope Chairman and CEO
Frank Drendel at 5:05 p.m. EDT on Wednesday, March 14, 2007.
The live Citigroup webcast will be available at
http://www.veracast.com/webcasts/citigroup/smallmidcap07/53213285.cfm or
through a link on the Investor Relations Presentations Page of CommScope’s website
at http://www.commscope.com. The link to our presentation will be live just
prior to the start of the presentation and will be available for on-demand use
within 24 hours after our presentation is over. The webcast will be available
from our website for a limited period of time following the conference.
About CommScope
CommScope (NYSE: CTV ? www.commscope.com) is a world leader in infrastructure
solutions for communication networks. Through its SYSTIMAX® SolutionsTM
and Uniprise® Solutions brands CommScope is the global leader in structured
cabling systems for business enterprise applications. It is also the world’s
largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications.
Backed by strong research and development, CommScope combines technical expertise
and proprietary technology with global manufacturing capability to provide customers
with high-performance wired or wireless cabling solutions.
Forward-Looking Statements
This press release contains forward-looking statements regarding, among other
things, the business position, plans, outlook, revenues, margins, earnings,
global manufacturing initiatives, a previous product line acquisition, synergies
and other financial items relating to CommScope that are based on information
currently available to management, management’s beliefs and a number of assumptions
concerning future events. These forward-looking statements are identified by
the use of certain terms and phrases, including but not limited to “intend,”
“goal,” “estimate,” “expect,” “project,” “plans,” “anticipate” “should,” “designed
to,” “foreseeable future,” “believe,” “think,” “scheduled” and similar expressions.
Forward-looking statements are not a guarantee of performance and are subject
to a number of risks, uncertainties and other factors that could cause the actual
results to differ materially from those currently expected. Factors that
could cause actual results of CommScope to differ materially include, but are
not limited to, customer demand for our products and the ability to maintain
existing business alliances with key customers or distributors; volatility in
raw material costs and the effect of related price changes; changes in the technology
deployed by cable television or other telecommunication companies; the risk
that customers might cancel orders placed or that orders currently placed may
reduce orders in the future; the risk that our internal production capacity
and that of our contract manufacturers may be insufficient to meet customer
demand for our products; continuing consolidation among our customers; competitive
pricing and acceptance of our products; industry competition and the ability
to retain customers through product innovation; possible production disruption
due to supplier or contract manufacturer bankruptcy, reorganization or restructuring;
successful ongoing operation of our vertical integration activities; the possibility
of further restructuring actions; expected synergies related to the acquisition
of the MC2® product line from Trilogy Communications, Inc.; possible future
impairment charges for fixed or intangible assets; increased obligations under
employee benefit plans; ability to achieve expected sales and operating income
goals; costs of protecting or defending our intellectual property; ability to
obtain capital on commercially reasonable terms; adequacy and availability of
insurance; costs and challenges of compliance with domestic and foreign environmental
laws; variability in expected tax rate and ability to recover amounts recorded
as value added tax receivables; product performance issues and associated warranty
claims; ability to successfully implement major systems initiatives; regulatory
changes affecting us or the industries we serve; authoritative changes in generally
accepted accounting principles by standard setting bodies; environmental remediation
issues; terrorist activity or armed conflict; political instability; major health
concerns; and any statements of belief and any statements of assumptions underlying
any of the foregoing. For a more complete description of factors that
could cause such a difference, please see CommScope’s filings with the Securities
and Exchange Commission, which are available on CommScope’s website or at www.sec.gov.
In providing forward-looking statements, the Company does not intend,
and is not undertaking any duty or obligation, to update these statements as
a result of new information, future events or otherwise.
CONTACTS:
Phil Armstrong Betsy Lambert, APR
Investor Relations Media Relations
(828) 323-4848 (828) 323-4873
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