Frontier Communications Parent, Inc. (NASDAQ:FYBR) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET
Company Participants
Spencer Kurn - Investor Relations
John Stratton - Chairman
Nick Jeffery - President and Chief Executive Officer
Scott Beasley - Chief Financial Officer
Conference Call Participants
Brett Feldman - Goldman Sachs
Jonathan Chaplin - New Street
Greg Williams - Cowen & Co.
Nick Del Deo - MoffettNathanson
Frank Louthan - Raymond James
Operator
Good morning. Thank you for attending today’s Frontier Communications First Quarter 2023 Earnings Call. My name is Megan, and I will be your moderator for today’s call. [Operator Instructions]
I would now like to pass the conference over to Spencer Kurn, Head of Investor Relations with Frontier Communications. Mr. Kurn, please proceed.
Spencer Kurn
Good morning and welcome to Frontier Communications first quarter 2023 earnings call. This is Spencer Kurn, Frontier's Head of Investor Relations. Joining me on the call today are John Stratton, our Chairman; Nick Jeffery, our President and CEO; and Scott Beasley, our CFO. Today’s presentation can be followed within the webcast available in the Events and Presentations section of our Investor Relations website.
Before we start, please turn to Slide 2. Here, you will see our Safe Harbor disclaimer. This is a reminder that this conference call may include forward-looking statements that involve risks and uncertainties that may cause actual results to differ materially from those expressed today. During the call, we may also refer to certain non-GAAP financial measures, which are defined and reconciled in our earnings presentation, press release and trending schedule.
And with that, I will turn the call over to John.
John Stratton
Thanks, Spencer, and good morning, everyone. As you saw in our press release, Frontier delivered another strong quarter of operational results and reached its most critical milestone yet, a return to year-over-year EBITDA growth. And this is the first time in more than 5 years that Frontier has grown EBITDA. We described 2023 as the year where we return to growth on both the top and bottom lines. Our Q1 EBITDA growth steps us nicely towards that goal.
Before we review the quarter in detail, let's step back and take a look at where we are today on Slide 4. Over the past 2 years, we’ve expanded our fiber footprint and our customer reach, and our financial profile has significantly improved. Fiber now represents the majority of our customers, our revenue and our EBITDA. If you look at the trailing 12 months, our fiber products alone generated $2.8 billion in revenue and $1.2 billion of EBITDA. That's a 43% EBITDA margin.