CommScope Gains in 3Q

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CommScope Inc. said Monday that third-quarter sales rose to $309.1 million from $148.7 million in the year-ago quarter.

The vendor posted net income of $15.1 million, or $0.27 per diluted share, versus $1.1 million ($0.02) in the third quarter of 2003.

The current-year results include the connectivity-solutions business CommScope acquired earlier this year from Avaya Inc.

“We remain encouraged by our strategic position as a global leader in 'last-mile' cable and connectivity solutions," CommScope chairman and CEO Frank M. Drendel said in a prepared statement.

"We have strengthened our portfolio of cutting-edge products and solutions for enterprise customers and communication service providers,” he added. “We have also announced a plan to reduce cost and capture additional synergy from our 2004 connectivity-solutions acquisition."

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