How's this business doing? Are those groups stable, people-wise?
Corning is raking in money, so I'd assume this part of Commscope is doing OK, but it sounds like things are getting wobbly in Hickory.
We buy a lot of fiber stuff.
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If Corning's sales are up, I'm guessing everyone's are:
"Corning is seeing the fruits of its service provider customer network expansion projects, reporting that first-quarter 2021 optical sales rose 18 percent year-over-year to $937 million."
"AT&T CEO John Stankey recently told investors during its first-quarter earnings call that it is on track to connect more homes with FTTH throughout 2021 – a promise that could be a boon for Corning and competitors including CommScope and Prysmian."
https://www.bbcmag.com/broadband-financials-quarterly-stats/corning-s-q1-2021-optical-profits-rise
We don't buy Commscope's fiber cable but we buy a ton of closures and splicing materials. Our purchases are up over last year.
If their factory in another country closed, now what?
Corning is a better company and CS can only wish.
Wobbly is a good word. It means the wheel is starting to fall off.