CommScope Holding Company, Inc. (NASDAQ:COMM) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 08:30 am ET


CommScope Holding Company, Inc. (NASDAQ:COMM) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the CommScope Second Quarter 2020 Conference Call. [Operator Instructions]

It is now my pleasure to turn the call over to your speaker today, Mr. Kevin Powers, Vice President of Investor Relations. Sir, please go ahead.

Kevin J. Powers

Good morning, and thank you for joining us today, and welcome to our second quarter earnings call. I'm Kevin Powers, Vice President of Investor Relations. And joining me today are Eddie Edwards, President and CEO; and Alex Pease, Executive Vice President and CFO. You can find the slides that accompany this call on our Investor Relations website. Please note that some of our comments today will contain forward-looking statements based on our current view of our business, and actual future results may differ materially. Please see our SEC filings, which identify the principal risks and uncertainties that could affect future performance. Before I turn the call over to Eddie, just a few housekeeping items to review. Today, we will discuss certain adjusted or non-GAAP financial measures, which are described in more detail in this morning's earnings materials. Reconciliations of non-GAAP financial measures and other associated disclosures are contained in our earnings materials and posted on our website. All references during today's discussion will be to our adjusted results on a combined company basis, and of note, our second quarter of 2019 results include historical ARRIS results for the three days before the acquisition date, April 4, 2019, and reflects certain classification changes to align to CommScope's presentation. All quarterly growth rates described during today's presentation are on a sequential basis comparing our results to the first quarter of 2020, unless otherwise noted.

I will now turn the call over to our President and CEO, Eddie Edwards. Eddie?

Marvin S. Edwards

Thanks, Kevin, and good morning, everyone. Before we begin, I want to take a moment to sadly acknowledge the recent passing of our Chief Commercial Officer, Jeff White. Although new to the CommScope team, Jeff made an immediate impact, bringing his expertise and talent to our sales and marketing teams, positioning them for success during an extremely challenging period. We send our deepest condolences to Jeff's family, and support them in this difficult time. Jeff was part of the CommScope family, and we're thankful for the short time we had with him. In the coming days, we will evaluate our path forward and provide more information at the appropriate time. Moving to our business discussion this morning, I'd like to begin thanking the entire CommScope team for their incredible resilience over the past several months. From our operation staff to engineers innovating in our labs to who our sales team is creating new ways to support customers, and to our back office support, our people continue to execute on our core mission, thus creating lasting connections.

Our purpose is derived by our values. For more than 40 years, we have built a deep-rooted culture that celebrates the unique contributions of all CommScope employees. Our diversity as a company