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ADTRAN: Reports Results For The Third Quarter 2015 And Declares Quarterly Cash Dividend

The following excerpt is from the company's SEC filing.

HUNTSVILLE, Ala.(BUSINESS WIRE)October 13, 2015ADTRAN, Inc. (NASDAQ:ADTN) reported results for the third quarter 2015. For the quarter, sales were $158,078,000 compared to $160,138,000 for the second quarter of 2015. Net income was $7,067,000 compared to $2,544,000 for the second quarter of 2015. Earnings per share, assuming dilution, were $0.14 compared to $0.05 for the second quarter of 2015. Non-GAAP earnings per share were $0.19 compared to $0.10 for the second quarter of 2015. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.

ADTRAN Chief Executive Officer Tom Stanton stated, Our U.S. revenue in the quarter was up over 20% compared to the same period last year, driven by a substantial increase in broadband sales. Operating income was slightly better than expected driven by improved gross margin and lower operating expenses. Looking ahead, we continue to see signs that momentum is building for 2016 as CAF and competitive pressures refocus carriers investment in broadband access infrastructure.

The Company also announced that its Board of Directors declared a cash dividend for the third quarter of 2015. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on October 29, 2015. The ex-dividend date is October 27, 2015 and the payment date is November 12, 2015.

The Company confirmed that its third quarter conference call will be held Wednesday, October 14, 2015 at 9:30 a.m. Central Time. This conference call will be web cast live through StreetEvents.com. To listen, simply visit the Investor Relations site at

www.adtran.com or www.streetevents.com

approximately 10 minutes prior to the start of the call and click on the conference call link provided.

An online replay of the conference call will be available for seven days at

. In addition, an online replay of the conference call, as well as the text of the Companys earnings release, will be available on the Investor Relations site at

for at least 12 months following the call.

ADTRAN, Inc. is a leading global provider of networking and communications equipment. ADTRANs products enable voice, data, video and Internet communications across a variety of network infrastructures. ADTRAN solutions are currently in use by service providers, private enterprises, government organizations, and millions of individual users worldwide. For more information, please visit

For more information, contact the company at 800 9ADTRAN (800 923-8726) or via email at

info@adtran.com

. On the Web, visit

This press release contains forward-looking statements which reflect managements best judgment based on factors currently known. However, these statements involve risks and uncertainties, including the successful development and market acceptance of...


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