Adtran reports Q2 2017 results; declares quarterly cash dividend

Adtran, Inc. (NASDAQ:ADTN) has reported results for the second quarter 2017, the company said.

For the quarter, sales were USD 184.7 million compared to USD 162.7 million for the second quarter of 2016. Net income was USD 12.4 million compared to USD 10.2 million for the second quarter of 2016. Earnings per share, assuming dilution, were USD 0.26 compared to USD 0.21 for the second quarter of 2016.

Non-GAAP earnings per share were USD 0.30 compared to USD 0.25 for the second quarter of 2016. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.

The company also announced that its board of directors declared a cash dividend for the second quarter of 2017. The quarterly cash dividend is USD 0.09 per common share to be paid to holders of record at the close of business on August 3, 2017. The ex-dividend date is August 1, 2017, and the payment date is August 17, 2017.

Adtran, Inc. is a global provider of networking and communications equipment. Adtran´s products enable voice, data, video and Internet communications across a variety of network infrastructures.