Casa Systems saw a 4.1% spike in third-quarter revenue to $71.5 million and said tariffs placed by the Trump Administration on select Chinese electronics imports are not hurting its business.
“I'm pleased to say that these tariffs have not--and we expect will not--have a significant impact on our business in 2018,” said Shaun McCarthy, interim CFO for Casa, speaking during the company’s third-quarter earnings call last week. (A transcript was provided by Seeking Alpha.)
Related: Casa Systems Files for $150M IPO
“We have completed our review of our supply chain and are not expecting a significant impact to our costs for 2019,” McCarthy added. “We have a flexible manufacturing and supply chain and plan to monitor developments in this area to minimize the tariff-related impact to our cost profile going forward.”
Andover, Mass.-based Casa makes cable modem termination systems and converged cable access platform equipment for the cable industry.
Related: Arris Says Trump Tariffs Will Add $200M/Year to U.S. Broadband Equipment Costs
McCarthy’s comments came a week after Arris told the FCC that the tariffs could drive up the annual industry cost for broadband components by $200 million a year.
