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5/4/2023
Backlog and Comscope Next initiatives provide a strong foundation for the company to continue to grow and create value. I'm pleased with our team's performance in the first quarter, and we will continue to manage the things we control. Our profitability profile has dramatically improved since the first quarter of 2022, driven by efficiency projects and pricing. CCS and Next are a testament to that progress, as we have improved those two segments EBITDA by $121 million over the same period of last year. We continue to monitor the demand environment across all segments. We feel positive about the medium and long-term environment, especially in CCS, where fiber buildout has tailwinds. With that said, we are experiencing a pause in orders as customers deal with recessionary impacts on their business, including inventory management. Our teams are committed to aggressively and positively manage the items that we can control. I'd like to thank you for your interest in supporting CommScope and belief in our ability to continue to drive transformative change, which we believe will continue to unlock significant value for our shareholders.
And with that, we'll now open the line for questions.
Thank you. Thank you. Ladies and gentlemen, again, if you'd like to ask a question, please press star 11 on your telephone. Again, to ask a question, please press star 1-1. One moment for our first question. Our first question comes from Stephen Fox from Fox Advisors LLC. Your line is open.
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