ADTRAN Holdings, Inc. (NASDAQ:ADTN) Q3 2022 Earnings Conference Call November 8, 2022 10:30 AM ET
Company Participants
Tom Stanton - Chief Executive Officer
Mike Foliano - Chief Financial Officer
Conference Call Participants
Paul Silverstein - Cowen
Fahad Najam - Loop Capital
Michael Genovese - Rosenblatt Securities
Ryan Koontz - Needham & Company
Paul Essi - William K. Woodruff
Tim Savageaux - Northland Capital Markets
Operator
Ladies and gentlemen, thank you for standing by and welcome to the ADTRAN Holdings, Inc. Third Quarter 2022 Earnings Release Conference Call. [Operator Instructions]
During the course of the conference call, ADTRAN representatives expect to make forward-looking statements that reflect management's best judgment based on factors currently known. However, these statements involve risks and uncertainties, including the continued spread and the extent of the impact of the COVID-19 pandemic, the ability of component supplies to align with customer demand, the successful development and market acceptance of our products, competition in the market for such products, the product and channel mix, component cost, freight and logistics costs, manufacturing efficiencies, our ability to effectively integrate mergers and acquisitions and other risks detailed in our annual report on Form 10-K for the year ending in December 31, 2021, and our quarterly report on Form 10-Q for the quarter ending June 30, 2022. These risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements, which may be made during the call.
It is now my pleasure to turn the call over to Tom Stanton, Chief Executive Officer of ADTRAN Holdings. Sir, please go ahead.
Tom Stanton
Thank you, Brett. Good morning everyone. We appreciate you joining us for our third quarter 2022 earnings conference call. With me today is ADTRAN Holdings CFO, Mike Foliano. Following my opening remarks, Mike will review the quarterly financial performance in detail and then we will take any questions that you may have.
Q3 marked a new era for ADTRAN following the closure of the business combination agreement with ADVA Optical Networking on July 15th. This transition point is timely as it coincides with our industry, continuing a rapid transition to the fiber everywhere era, especially in ADTRAN's highest growth regions in the U.S. and in Europe. Service providers have aggressive goals to rapidly deploy fiber to homes, businesses and critical infrastructure sites, while increasing customer satisfaction, streamlining operations, reducing energy consumption and ensuring network security.
Our vision is clear. We want to help service providers achieve these goals by having the most complete portfolio from optical core to the customer prem. This portfolio includes scalable, secure and efficient networking infrastructure, and customer premise platforms paired with best-in-class software. These solutions maximize subscriber experience while simplifying operations through automation. The combination with ADVA provides us with the most complete portfolio to execute on this vision.