First-Quarter 2023 Investor Call

• Pricing actions partially offset greater-than-normal seasonal volume
decline in connectivity solutions, associated with pacing of several
large customer projects.

Pricing and productivity actions resulted in net income improving

sequentially despite lower sales.

“The actions we took on price and productivity are examples of the strong financial stewardship
we are applying to weather current demand levels and maintain our long-term trajectory for
durable, profitable growth.”
– Ed Schlesinger, EVP and CFO