HUNTSVILLE, Ala.–(BUSINESS WIRE)–ADTRAN, Inc. (NASDAQ: ADTN) appear after-effects for the third division 2018. For the quarter, sales were $140.3 actor compared to $185.1 actor for the third division of 2017. Net assets was $7.6 actor compared to $15.9 actor for the third division of 2017. Balance per share, d dilution, were $0.16 compared to $0.33 for the third division of 2017. Non-GAAP balance per allotment were $0.21 compared to $0.37 for the third division of 2017. GAAP balance per allotment accommodate the amount of stock-based compensation, accretion accompanying amortizations and added expenses, and restructuring expenses. The adaptation amid GAAP balance per share, diluted, and non-GAAP balance per share, diluted, is in the table provided.
ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, “Total acquirement for the division grew 10% sequentially, including the aftereffect of a backward alpha to our G.fast shipments to the Asia-Pacific region. Notwithstanding the G.fast addition impact, our third division after-effects showed able improvements in gross margins and operating expenses. On a bounded basis, sales contributions followed archetypal melancholia patterns with advance in the Americas, accepted melancholia declines in Europe and advance in Asia-Pacific, apprenticed by new chump activity. Looking forward, we are absolute encouraged by the connected drive in ultra-broadband shipments to both carriers and MSOs globally as account providers abide to advance their networks to accommodated alteration chump expectations.”
The Company additionally appear that its Board of Directors declared a banknote allotment for the third division of 2018. The anniversary banknote allotment is $0.09 per accepted allotment to be paid to holders of almanac at the aing of business on October 31, 2018. The ex-dividend date is October 30, 2018, and the acquittal date is November 14, 2018.
The Company accepted that it will authority its third division appointment alarm Wednesday, October 17, 2018, at 9:30 a.m. Central Time. ADTRAN will webcast this conference. To listen, artlessly appointment the Investor Relations armpit at www.investors.adtran.com about 10 account above-mentioned to the alpha of the alarm and bang on the appointment alarm articulation provided.
An online epitomize of the appointment call, as able-bodied as the argument of the Company’s balance release, will be accessible on the Investor Relations armpit about 24 hours afterward the alarm and will abide accessible for at atomic 12 months. For added information, visit www.investors.adtran.com or via email at [email protected]
ADTRAN, Inc. is the arch all-around provider of networking and communications equipment. ADTRAN’s articles accredit voice, data, video and Internet communications beyond a array of arrangement infrastructures. ADTRAN solutions are currently in use by account providers, clandestine enterprises, government organizations, and millions of alone users worldwide. Please appointment us at www.adtran.com, LinkedIn, Facebook and Twitter.
This columnist absolution contains advanced statements which reflect management’s best acumen based on factors currently known. However, these statements absorb risks and uncertainties, including the acknowledged development and bazaar accepting of new products, the amount of antagonism in the bazaar for such products, the artefact and approach mix, basal costs, accomplishment efficiencies, and added risks abundant in our anniversary address on Form 10-K for the year ended December 31, 2017. These risks and uncertainties could account absolute after-effects to alter materially from those in the advanced statements included in this columnist release.
Condensed Consolidated Balance Sheet(Unaudited)(In thousands)
Consolidated Statements of Income(Unaudited)(In thousands, except per allotment data)
(1) Assumes exercise of dilutive banal options affected beneath the treasury banal method.
Consolidated Statements of Comprehensive Income(Unaudited)(In thousands)
Consolidated Statements of Banknote Flows(Unaudited)(In thousands)
Supplemental InformationRestructuring Expenses(Unaudited)(In thousands)
Restructuring amount was recorded in the afterward Consolidated Statements of Assets categories for the three and nine months concluded September 30, 2018 and 2017:
Supplemental InformationAcquisition Accompanying Expenses, Amortizations and Adjustments(Unaudited)(In thousands)
On August 4, 2011, we bankrupt on the accretion of Bluesocket, Inc., on May 4, 2012, we bankrupt on the accretion of the Nokia Siemens Networks Broadband Access business (NSN BBA), on September 13, 2016, we bankrupt on the accretion of CommScope’s alive cilia business (CommScope), and on March 19, 2018, we bankrupt on the accretion of Sumitomo Electric Lightwave Corp.’s North American EPON business (Sumitomo). Accretion accompanying expenses, amortizations and adjustments for the three and nine months concluded September 30, 2018 and 2017 for all four affairs are as follows:
Acquittal of added acquirement accounting adjustments
The accretion accompanying expenses, amortizations and adjustments aloft were recorded in the afterward Consolidated Statements of Assets categories for the three and nine months concluded September 30, 2018 and 2017:
Total accretion accompanying expenses, amortizations and adjustments included in operating costs
Total accretion accompanying expenses, amortizations and adjustments
Supplemental InformationStock-based Advantage Expense(Unaudited)(In thousands)
Tax account for amount associated with non-qualified options, PSUs, RSUs and belted banal
Adaptation of GAAP net assets per share, diluted, toNon-GAAP net assets per share, diluted(Unaudited)
(1) Table may not bottom due to rounding
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