bumping into someone you haven’t seen in a few years. Inevitably, one of you says to the other, “So
how have you been? What’s new with you?” Rather than exchange hours of minutia, usually
quick pleasantries are exchanged and off you go.
a company that has been away from the public financial markets has that
challenge—how do you efficiently re-introduce yourself to investors and bring
them up to speed on what you’ve done since going private? If you are CommScope, your 2013 annual report
serves that purpose quite nicely.
As you may recall,
CommScope became a publicly-traded company again in October 2013 following its
initial public offering, nearly three years after it went private when acquired
by The Carlyle Group in early 2011. CommScope’s
newly issued 2013 Annual Report, titled “The CommScope Advantage,” is the
company’s first in four years and available for viewing here in its entirety, complete with Form 10-K.
lot has happened in the meantime, both in the industry in general and within
CommScope. In his letter to shareholders, CommScope Chief Executive Officer Eddie Edwards
states that the company has laid the groundwork for a great future since the
last time it was public, at the height of the great recession.
clearly are a better company than we were entering 2010, and when we went
private a year later….Compared to many others, CommScope has rebounded strongly
through the aggressive actions of an experienced, talented and passionate
workforce and management team that has put CommScope at the forefront of
addressing the world’s seemingly unquenchable thirst for bandwidth.”
letter highlights four major topics in detailing the company’s recent past and
evolution—the changes that have occurred within the company and the markets it
serves in the time it was private beginning in January 2011.
look at the CommScope basics—a high-level view of the essence of CommScope,
including its structure, key market drivers and its position in the market.
review of financial and business highlights from 2013.
many competitive strengths that together comprise “The CommScope Advantage”—the
differentiators that separate CommScope from others.
for reading. How do you benefit from “The CommScope Advantage?”