What changed in this filing

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Item 1. Business

2025-02-26 compared with 2024-02-29 · 80 added, 85 removed, 319 unchanged (34% of the section changed)

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Our global leadership position is built upon innovative technology, broad solution offerings, high-quality and cost-effective customer solutions, and global manufacturing and distribution scale.

We have a team of over 20,000 people who serve our customers in over 150 countries through a network of world-class manufacturing and distribution facilities strategically located around the globe.

As of December 31, 2024, we have a team of over 20,000 people who serve our customers in over 100 countries through a network of world-class manufacturing and distribution facilities strategically located around the globe.

Our customers include substantially all the leading global telecommunications operators, data center managers, cable television providers or multi-system operators (MSOs) and thousands of enterprise customers, including many Fortune 500 companies.

We have long-standing, direct relationships with our customers and serve them through a direct sales force and a global network of channel partners.

We completed the acquisition of certain assets of Casa Systems, Inc.

and its subsidiaries (Casa) on June 7, 2024 (the Casa Transaction).

As part of the Casa Transaction, we acquired certain assets (the Casa Assets) and assumed certain specified liabilities (the Casa Liabilities) of Casa.

The sale was conducted pursuant to the bid procedures (the Bid Procedures) established in the chapter 11 cases of Casa Systems, Inc.

and certain affiliates in the U.S.

Bankruptcy Court for the District of Delaware (the Bankruptcy Court).

Pursuant to the Bid Procedures, we were designated as the successful bidder following an auction held on May 29, 2024.

On June 5, 2024, the Bankruptcy Court entered an order authorizing the sale of the Casa Assets to us pursuant to Section 363 of the U.S.

Bankruptcy Code (subject to the terms thereof).

The sale closed on June 7, 2024 and, at such time, we funded the purchase price of $45.1 million and settled certain assumed Casa Liabilities, with cash on hand.

We are integrating this strategic acquisition into our Access Network Solutions (ANS) segment and expect the acquisition to strengthen our ANS segment’s position by enhancing its virtual cable modem termination systems and passive optical network product offerings, which will enable customers to migrate to distributed access architecture solutions at their own speed, and further grow our customer base.

We recorded $1.4 million of transaction and integration costs for the year ended December 31, 2024 related to the Casa Transaction, and these costs were recognized in selling, general and administrative expense in the Consolidated Statements of Operations.

See Note 3 in the Notes to Consolidated Financial Statements for further discussion of the Casa Transaction.

Since 2021, we have been engaged in a transformation initiative referred to as CommScope NEXT, which is designed to drive shareholder value through three pillars:

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In 2022, CommScope NEXT generated positive impacts on net sales, profitability and cash flow from our execution on pricing initiatives, capacity expansion and operational efficiencies.

In 2023, we experienced headwinds related to a slow-down in spending by our customers, but we continued to execute under CommScope NEXT by driving operational efficiencies and focusing on portfolio optimization that should enable us to take advantage of the expected recovery in demand in the second half of 2024.

To that end, we incurred $29.7 million, $63.0 million and $85.1 million of restructuring costs and $27.1 million, $35.1 million and $50.6 million of transaction, transformation and integration costs during the years ended December 31, 2023, 2022 and 2021, respectively, primarily related to CommScope NEXT.

In 2023, we experienced headwinds related to a slow-down in spending by our customers, but we continued to execute under CommScope NEXT to improve our profitability and cash flows by continuing to drive operational efficiencies and focusing on portfolio optimization, all of which is enabling us to take advantage of the recovery in demand that we began to see in 2024.

To that end, we incurred $36.7 million, $25.1 million and $41.8 million of restructuring costs and $63.4 million, $27.1 million and $35.1 million of transaction, transformation and integration costs during the years ended December 31, 2024, 2023 and 2022, respectively, primarily related to CommScope NEXT initiatives.

We expect to continue to incur such costs in 2025 as we continue executing on CommScope NEXT initiatives, and the resulting charges and cash requirements could be material.

In 2021, as a step in our CommScope NEXT transformation plan, we announced a plan to separate the Home Networks (Home) segment and began analyzing the financial results of our “Core” business separately from Home.

On October 2, 2023, we entered into a Call Option Agreement with Vantiva SA, a société anonyme organized under the Laws of France (Vantiva), pursuant to which we granted Vantiva a binding call option to acquire our Home segment and substantially all of the associated segment assets and liabilities (Home business), which was subsequently exercised and a Purchase Agreement signed on December 7, 2023.

The transaction closed on January 9, 2024.

We determined the anticipated divestiture of our Home business met the “held for sale” criteria and the “discontinued operations” criteria in accordance with accounting guidance.

On January 31, 2025, we completed the previously announced sale of our Outdoor Wireless Networks (OWN) segment and the Distributed Antenna Systems (DAS) business unit of our Networking, Intelligent Cellular & Security Solutions (NICS) segment to Amphenol Corporation (Amphenol), pursuant to the Purchase Agreement dated July 18, 2024, in exchange for approximately $2.1 billion in cash.

In the third quarter of 2024, we determined the sale of our OWN segment and DAS business unit met the “held for sale” criteria and the “discontinued operations” criteria in accordance with Accounting Standards Codification (ASC) No.

360-10, Impairment and Disposal of Long–Lived Assets , and ASC No.

205-20, Presentation of Financial Statements:

Discontinued Operations, due to its relative size and strategic rationale.

For all periods presented, amounts in these consolidated financial statements have been recast to reflect the discontinuation of our OWN segment and DAS business unit in accordance with guidance.

All discussions and results related to our NICS segment exclude the DAS business unit, since the DAS business unit was moved to held for sale in the third quarter of 2024.

On January 9, 2024, we completed the sale of our Home Networks (Home) segment and substantially all of the associated segment assets and liabilities (Home business) to Vantiva SA (Vantiva) pursuant to the Call Option Agreement entered into on October 2, 2023 and the Purchase Agreement dated as of December 7, 2023.

In the fourth quarter of 2023, we determined the sale of our Home business met the “held for sale” criteria and the “discontinued operations” criteria in accordance with accounting guidance.

All prior period amounts in these consolidated financial statements have been recast to reflect the discontinuation of the Home business.

As of January 1, 2024, we shifted certain product lines from our Connectivity and Cable Solutions (CCS) segment to our ANS segment to better align with how the businesses are managed.

All prior period amounts have been recast to reflect these operating segment changes.

The discussions in these consolidated financial statements relate solely to our continuing operations, unless otherwise noted.

For further discussion of the discontinued operations related to the Home business, see Note 3 in the Notes to Consolidated Financial Statements.

For further discussion of the discontinued operations related to the OWN segment, DAS business unit and Home business, see Note 4 in the Notes to Consolidated Financial Statements.

For the year ended December 31, 2024, our revenues were $4.21 billion and our loss from continuing operations was $461.0 million.

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Operating Segments

As a result of the divestiture of the Home business, we are now reporting financial performance based on the following remaining four operating segments, which excludes our Home segment:

Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS) and Access Network Solutions (ANS).

For all periods presented, amounts have been recast to reflect the discontinuation of our Home business.

The distribution of net revenues among our four segments was as follows:

As a result of the divestitures described above, we are now reporting financial performance based on the following remaining three operating segments:

CCS, NICS and ANS.

The distribution of net revenues among our operating segments was as follows:

Year Ended December 31,

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Outdoor network solutions are used in both local-area and wide-area networks and “last mile” fiber-to-the-home installations, including deployments of fiber-to-the-node, fiber-to-the-premises and fiber-to-the-distribution-point to homes, businesses and cell sites.

OWN Segment (2023 Net Sales of $0.9 billion)

Our OWN segment focuses on the macro and metro cell markets.

The segment includes base station antennas, radio frequency (RF) filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel, accessories and our wireless spectrum management business, Comsearch.

NICS Segment (2024 Net Sales of $0.6 billion)

Our NICS segment provides wireless networks for enterprises and service providers.

Product offerings include indoor cellular solutions such as distributed antenna systems, public key infrastructure solutions, indoor and outdoor Wi-Fi and long-term evolution (LTE) access points, access and aggregation switches;

Product offerings include indoor cellular solutions such as public key infrastructure solutions, indoor and outdoor Wi-Fi and long-term evolution (LTE) access points, access and aggregation switches;

an Internet of Things (IoT) suite, on-premises and cloud-based control and management systems;

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While past data trends have been defined by rapid growth in the downlink, more interactive experiences and IoT are driving the need for major network change in the uplink.

3) Densification :

As wireless operators work to meet consumer demand, cell splitting, in the form of densification, is a key driver for continuing to fulfill the promise of 5G networks.

Increased sectorization at macro cell sites and establishment of better inbuilding coverage play significant roles in the 5G network.

We expect that densification will require significant fiber cable and connectivity between wireless cell sites.

3) Virtualization, Centralization and Disaggregation:

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The densification of 5G networks also reduces congestion and decreases latency.

6) Capacity Expansion :

Wired and wireless network providers continue to be cognizant of the need to stay ahead of the traffic growth that occurs every year.

5) Network Capacity Expansion :

Network providers continue to be cognizant of the need to stay ahead of the traffic growth that occurs every year.

This traffic growth results from increases in average subscriber consumption levels and in maximum service level agreement (SLA) levels.

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New DOCSIS equipment is needed for this expansion.

Wireless providers are seeing continued deployment of 5G that will include ongoing additions to their wireless spectrum in the Citizens Broadband Radio Service (CBRS) band, the C-band and the millimeter wave (mmWave) bands.

New antenna equipment is needed for this expansion.

6) Government-Sponsored Broadband Improvements :

Several government-sponsored programs aimed at improving the Broadband infrastructure connecting to rural and other under-served areas launched in the second half of 2022.

The funds from these programs and initiatives to build more equitable access—in particular, in the United States (U.S.), the Broadband Equity, Access, and Deployment (BEAD) Program, American Rescue Plan Act (ARPA) and Rural Digital Opportunity Fund (RDOF)—are expected to drive technology and device sales across the board.

The funds from these programs and initiatives to build more equitable access—in particular, in the United States (U.S.), the Broadband Equity, Access, and Deployment (BEAD) Program, American Rescue Plan Act (ARPA), Rural Digital Opportunity Fund (RDOF)—are expected to drive technology and device sales across the board.

initiatives aim to ensure that every person in the U.S.

has access to reliable and affordable broadband by 2030.

While we did not see money flowing under the BEAD Program in 2023, we expect a minimal amount of funds to begin being distributed in the second half of 2024.

We do expect a more significant impact from ARPA in 2024.

The RDOF is a ten year program that will only be less than halfway through the anticipated build timeline by the end of 2024 for those service providers that won awards.

8) Open Radio Access Network (O-RAN) Standardization:

We ae a leader in the O-RAN ecosystem through our internal research and development activities and our external participation in standardization efforts through alliances and advocacy organizations.

There are various government initiatives and legislative proposals to provide federal investment in O-RAN research and development that would encourage federal agencies to foster the deployment of open and interoperable 5G networks in their various pilot programs and procurement guidelines.

We anticipate many commercial deployments of our O-RAN compliant products in large public venues in 2024.

Transition to 5G

5G wireless is continuing to evolve from an industry vision toward a tangible next generation wireless technology.

Operators continue to transition to 5G networks with countries in North America, Northeast Asia, Gulf Cooperation Council and Western Europe continuing to lead the way in 5G subscription penetration.

The number of 5G-enabled devices is expected to continue to increase during 2024.

The primary benefits of 5G include the following:

• Enhanced mobile broadband—to support significant improvement in data rates and user experience in both the uplink and downlink;

• IoT communications—to support the expected billions of connections between machines, as well as short bursts of information to other systems;

• Low latency, high reliability—to support applications that are critical or are needed in real time, like factory machines, virtual reality and augmentation;

• Underlying capacity—to support fixed broadband services in underserved areas.

As described above, wireless operators are having to both acquire and launch new spectrum for 5G, as well as continue their strategy of re-allocation of spectrum from one generation to another.

Some of this spectrum is at much higher frequencies and uses new technologies to deliver exceptional amounts of bandwidth to subscribers.

5G also requires significant fiber infrastructure to connect wireless access points to each other to improve the response time of the network.

As wireless operators continue to transition toward 5G, they are also managing the fundamental network deployment issues of site acquisition, power, backhaul and in-building wireless proliferation.

In addition to investment required by wireless operators, the continued transition to 5G also creates an investment cycle by cable operators as they upgrade their networks to compete with fixed wireless broadband, which is a viable alternative to traditional broadband internet access.

Many cable operators continue to offer or plan to offer 5G wireless services on top of their wired cable services, and one approach employs convergence techniques that utilize wired networks, such as DOCSIS or passive optical networks (PON), to support Crosshaul (xHaul) to the more heavily-densified wireless access points and radio units of 5G.

All of these transitions are expected to continue driving increased investment.

While we saw minimal investment under the BEAD Program in 2024, we expect more funds to be distributed in the second half of 2025.

Generative Artificial Intelligence (GenAI) Data Center Investment

The rise of artificial intelligence (AI), cloud computing and high-performance computing is significantly increasing the demand for data centers due to several key factors:

• Massive Computational Power Requirements:

GenAI models, such as those used in natural language processing and image generation, require substantial computational power.

This necessitates the development of large, powerful data centers equipped with high-performance GPUs and specialized hardware.

• Cloud Services Expansion:

Major cloud providers are investing heavily in expanding their data center infrastructure to support AI-driven applications.

This includes building new facilities and upgrading existing ones to handle the increased demand.

• Economic and Operational Efficiency:

Enterprises are increasingly turning to colocation providers to deploy their AI infrastructure.

Colocation facilities offer power, cooling, and connectivity at a fraction of the cost of building and maintaining private data centers.

• AI Infrastructure-as-a-Service (IaaS):

The rise of AI infrastructure-as-a-service is creating new revenue streams for data center operators.

By offering scalable AI infrastructure, companies can attract more customers and generate recurring revenue.

Investments in AI and high-performance computing are expected to drive future demand for data centers, necessitating rapid innovation in design and technology to manage rising power and density needs.

Fiber Deep Deployments

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Private networks are becoming more important to an enterprise’s information technology plans and provide a level of reliable connection that enterprises have not been able to get from their Wi-Fi networks, further moving the demand of enterprise communications into the wireless domain.

Metro Cell, Distributed Antenna System (DAS) and Small Cell Investment to Enhance and Expand Wireless Coverage and Capacity

As demand growth continues to outpace macro cell capacity growth, new solutions are required for densely populated areas.

Metro cells and indoor networks have emerged as important layers of the network.

Metro cells are smaller outdoor cell sites, located closer to the ground, having a lower power level than traditional macro cell sites.

Metro cells blend into their environment and are often found integrated with traditional street furniture, which helps alleviate zoning restrictions that have made traditional deployments difficult.

Small cell and DAS solutions address the capacity and speed requirements from an indoor perspective.

Small Cell Investment to Enhance and Expand Wireless Coverage and Capacity

Small cell solutions address the capacity and speed requirements from an indoor perspective.

These systems provide coverage and capacity to the indoor environment and reduce the load from the macro and metro layers, which improves overall network performance.

Small cell and DAS systems may range from small single-operator, single-band, low-capacity systems for use in enterprise buildings to large multi-carrier, multi-technology, multi-band systems for use in high-capacity public venues.

Small cell systems may range from small single-operator, single-band, low-capacity systems for use in enterprise buildings to large multi-carrier, multi-technology, multi-band systems for use in high-capacity public venues.

Transition to Wi-Fi 7

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In 2022, CommScope NEXT generated positive impacts on net sales, profitability and cash flow from our execution on pricing initiatives, capacity expansion and operational efficiencies.

In 2023, we experienced headwinds related to a slow-down in spending by our customers, but we continue to execute under CommScope NEXT by driving operational efficiencies and focusing on portfolio optimization so that we are in a better position to take advantage of the recovery later in 2024.

Profitable Growth

Organic growth is fundamental to achieving the financial returns that investors expect from us.

While acquisitions and inorganic growth can change the structure of a business and reset financial expectations resulting in short-term financial returns, the only reliable means for consistently producing long-term positive financial performance is strong organic growth.

While acquisitions and inorganic growth can change the structure of a business and reset financial expectations resulting in short-term financial returns, the most reliable means for consistently producing long-term positive financial performance is strong organic growth.

Our plan to achieve our growth opportunities are driven by five themes:

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We also regularly review our product offerings, business lines and segments and holistically assess opportunities to deliver the most value to stakeholders.

For the past two years, as a step in optimizing our portfolio, we have been committed to finding the right strategic opportunity for our non-Core Home segment.

As discussed above, we believe we found the right opportunity for its future success and closed on a transaction to divest of our Home business on January 9, 2024.

As a step in optimizing our portfolio, we were committed to finding the right strategic opportunity for our OWN segment, DAS business unit and Home business.

As discussed above, we believe the divestiture of the OWN segment and DAS business unit in January 2025 and the divestiture of our Home business in January 2024 were the optimal opportunities for their future success.

Additionally, we completed the Casa Transaction and expect the transaction to strengthen our ANS segment’s position by enhancing the segment’s virtual cable modem termination systems and passive optical network product offerings.

The Future of CommScope

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• Architect a simplified organization, with more accountability, responsibility and visibility

With CommScope NEXT, we are transforming our organization into one that has better operational efficiency, speed and resilience and one that can better service our existing customers, as well as new ones.

With CommScope NEXT, we are continuing to transform our organization into one that has better operational efficiency, speed and resilience and one that can better service our existing customers, as well as new ones.

As demand in our industry recovers, we expect CommScope NEXT to drive adjusted EBITDA expansion that will enable us to increase our cash flow to de-leverage our indebtedness and further invest in our growth.

Our customers include substantially all the leading global telecommunications operators, data center managers, cable television providers or MSOs and thousands of enterprise customers, including many Fortune 500 companies.

Major customers and distributors include companies such as AT&T Inc.;

Charter Communications, Inc.;

Major customers and distributors include companies such as Charter Communications, Inc.;

Comcast Corporation (Comcast);

Cox Communications, Inc.;

Graybar Electric Company, Inc.;

KGP Companies, Inc.;

National Broadband Network Company Limited;

Power & Telephone Supply Company;

Rogers Communication Inc.;

TD SYNNEX Corporation;

Verizon Communications Inc.;

and Wesco International, Inc.

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For the year ended December 31, 2024, we derived approximately 19% of our consolidated net sales from our top two direct customers, however, for the years ended December 31, 2024, 2023 and 2022, no single direct customer accounted for 10% or more of our net sales.

Products from our CCS segment are primarily sold directly to cable television system operators, broadband operators and other service providers that deploy broadband networks.

CCS segment products are also sold through independent distributors or system integrators for large telecommunications operators.

Products from our OWN segment are primarily sold directly to wireless operators, original equipment manufacturers (OEMs) that sell equipment to wireless operators and other service providers that deploy elements of wireless networks at the direction of wireless operators.

Our customer service and engineering groups maintain close working relationships with these customers due to the significant amount of customization associated with some of these products.

Although we sell to most wireless operators globally, we are dependent on a small number of large operators.

Products from our CCS segment are primarily sold directly to data center managers and cable television system operators, broadband operators and other service providers that deploy broadband networks.

CCS segment products are also sold through independent distributors or system integrators for large telecommunications operators and enterprises.

Products from our NICS segment are primarily sold through independent distributors or system integrators for large telecommunications operators and to customers in a broad range of enterprise vertical markets, including hospitality, education, smart cities, government, venues and service providers, indirectly through channel partners.

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CCS segment – Amphenol Corporation, Belden Inc., Clearfield, Inc., Corning Incorporated and Sterlite Technologies Limited;

OWN segment – Comba Telecom Systems Holdings Limited, Huawei Technologies Co., Ltd., Rosenberger North America and Telefonaktiebolaget LM Ericsson;

NICS segment – Cisco Systems, Inc., Comba Telecom Systems Holdings Limited, Corning Incorporated, Extreme Networks, Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., JMA Wireless, Juniper Networks, Inc., SOLiD, Inc.

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In the cable television and video network equipment industry, CommScope and ARRIS are longstanding market leaders, along with other brands we own such as RUCKUS, ADC and many smaller brands.

In the wireless industry, ANDREW is one of the world’s most recognized brands and a global leader in RF solutions for wireless networks.

In the enterprise market, SYSTIMAX, NETCONNECT and UNIPRISE are recognized as global market leaders in enterprise connectivity solutions for business enterprise and data center applications.

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Most of our manufacturing employees are located in lower-cost geographies such as Mexico, China, India and the Czech Republic.

In addition, we utilize contract manufacturers located throughout the world for many of our product groups, including certain products in our CCS, OWN and ANS segments and all of our Ruckus products.

In addition, we utilize contract manufacturers located throughout the world for many of our product groups, including certain products in our CCS and ANS segments and all of our Ruckus products.

There can be no guarantee that the Company will be able to extend or renew agreements with contract manufacturers on similar terms, or at all.

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We invested $316.2 million in R&D during 2024, and we expect to continue with substantial investments in future years.

We intend to focus our major R&D activities on high-growth opportunities such as fiber optic connectivity for fiber-to-the-x (FTTX) and data centers, Wi-Fi 7 and 6GHz, CCAP, DAA, DOCSIS 4.0, gigabit passive optical network (GPON), active and passive base-station antennas and metro cell and small cell wireless solutions.

We are also developing solutions that support the convergence of wireline and wireless networks in connection with the rollout of 5G.

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Over the next five years, approximately 1,500, or about 17%, of our issued patents will expire, while at the same time we intend to seek patents protecting new innovations .

We consider our patents and trademarks to be valuable assets, and although no single patent is material to our overall operations, we believe the COMMSCOPE, ARRIS, RUCKUS, SYSTIMAX, NETCONNECT, NOVUX, ERA, ONECELL and HELIAX trade names and related trademarks are critical assets to our business.

We consider our patents and trademarks to be valuable assets, and although no single patent is material to our overall operations, we believe the COMMSCOPE, ARRIS, RUCKUS, SYSTIMAX, NETCONNECT, NOVUX and ONECELL trade names and related trademarks are critical assets to our business.

We intend to rely on our intellectual property rights, including our proprietary knowledge, trade secrets and continuing technological innovation, to develop and maintain our competitive position.

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CommScope believes that human capital management, including attracting, developing and retaining a high-quality workforce, is critical to our long-term success.

Our Board of Directors and its Committees provide oversight on a broad range of human capital management topics, including corporate culture, diversity, equity and inclusion, pay equity, health and safety, training and development and compensation and benefits.

Our Board of Directors and its Committees provide oversight on a broad range of human capital management topics, including corporate culture, compensation and benefits, organizational development and succession planning, and employee health, safety and well-being, to name a few.

We employed approximately 20,000 people worldwide as of December 31, 2024, with approximately 53% classified as manufacturing employees.

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(none in the U.S.) and believe that relations with our employees are generally good.

Protecting the safety, health, and well-being of our associates around the world is CommScope’s top priority.

Protecting the safety, health, and well-being of our associates around the world is one of CommScope’s top priorities.

We strive to achieve an injury-free work environment.

We believe that our culture of diversity, equity and inclusion is a competitive advantage that fuels innovation, enhances our ability to attract and retain talent and strengthens our reputation.

We believe that our inclusive culture is a competitive advantage that fuels innovation, enhances our ability to attract and retain top talent and strengthens our reputation.

We are also committed to providing competitive rewards and the continued growth and development of our employees through a variety of global training and development opportunities that build and strengthen employees’ leadership and professional skills.

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Employee Health, Safety and Well-being

At CommScope, our employees’ health, safety and well-being are our top priority.

At CommScope, our employees’ health, safety and well-being are a top priority.

We are always seeking opportunities to protect the well-being of our employees, customers, suppliers, environment and communities.

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The results of our efforts make us stronger and pave a path for innovation, which drives business differentiation, talent engagement and retention.

Employee Diversity, Equity and Inclusion

CommScope strives to create an equitable and inclusive environment that draws upon the strength of our diverse workforce to deliver exceptional results for our investors and all key stakeholders.

CommScope’s global workforce is comprised of individuals of many races, cultures, backgrounds, geographies and experiences.

We focus on ensuring equity in the workplace and take pride in our diverse workforce and inclusive culture.

CommScope has continued to strengthen its global Diversity & Inclusion Business Network that was established in 2020, providing over 1,600 employees with targeted opportunities to network, learn and lead, grow their careers and support their communities.

CommScope's CEO also signed the pledge for the CEO Action for Diversity & Inclusion and committed to a set of actions several years ago.

We focus on ensuring inclusion, belonging, equity and well-being in the workplace.

We take pride in our culture and support the activities of our global DIBN that was established in 2020.

This broad-based network is open to all employees and provides its 1,400 members with opportunities to network, learn and lead, grow their careers, and support their communities.

The results of our focused efforts make us stronger and pave a path for innovation, which drives business differentiation, talent engagement and retention.

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We augment in-person communications with technology to align and manage employees’ performance and goals throughout the year, providing continuous development opportunities through coaching and feedback.

We also offer classroom training as well as an online learning platform that offers a wealth of work-related employee development content (e.g., for managerial, technical and personal development).

We also offer classroom training, virtual facilitated training, as well as an online learning platform that offers a wealth of work-related employee development content (e.g., for managerial, technical and personal development).

We focus heavily on interacting with our employees how, when and where it matters most.

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CommScope prides itself on creating a collaborative, engaged and enabled workforce.

We define engagement as the strength of the emotional connection employees feel toward their work, their teams and the Company.

We define engagement as the strength of the emotional connection and discretionary effort employees put toward their work, their teams and the Company.

We believe communication and feedback are integral to building engaged employees and driving a high-performance culture.

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With this valuable feedback, we can identify strengths and potential areas for focused improvement.

CommScope continues to enhance employee engagement by leveraging technology, enabling managers, emphasizing communication, striving to become a destination for the best talent and providing competitive rewards, flexible work approaches and career development opportunities.

CommScope continues to enhance employee engagement by leveraging technology, enabling managers, emphasizing communication, providing competitive rewards, offering flexible work approaches, encouraging career development opportunities and striving to become a destination for the marketplace's top talent.

Available Information

Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to reports filed or furnished pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended, are available free of charge on our website at www.commscope.com under Company — Investor Relations as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission.

Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to reports filed or furnished pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended, are available free of charge on the Securities and Exchange Commission's website at www.sec.gov and are also available on our website at www.commscope.com under Company — Investor Relations as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission.

The information posted to our website is not incorporated elsewhere in this Annual Report on Form 10-K.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business