ADTRAN, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the First Quarter of 2019
January 23, 2019 at 08:05 pm
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ADTRAN, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total sales of $140,088,000 against $126,836,000 a year ago. Operating loss was $3,783,000 against $4,153,000 a year ago. Net loss was $8,447,000 against $11,110,000 a year ago. Basic and diluted loss per share was $0.18 against $0.23 a year ago.
For the full year, the company reported total sales of $529,277,000 against $666,900,000 a year ago. Operating loss was $45,422,000 against operating income of $37,386,000 a year ago. Net loss was $19,342,000 against net income of $23,840,000 a year ago. Basic loss per share was $0.40 against basic earnings per share of $0.50 a year ago. Diluted loss per share was $0.40 against diluted earnings per share of $0.49 a year ago.
For the first quarter, the company expects current expectations are that first quarter 2019 revenues will be in the range of $100 million to $142 million.
ADTRAN Holdings, Inc. is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates through two segments: Network Solutions segment, which includes hardware and software products, and Services & Support segment, which includes a portfolio of network design and implementation services, support services and cloud-hosted software-as-a-service (SaaS) applications. The two segments span across Subscriber Solutions, Access & Aggregation Solutions, and Optical Networking Solutions. Its Subscriber Solutions portfolio is used by service providers to terminate their access services infrastructure at the customer's premises. Access & Aggregation Solutions are solutions that are used by communications service providers to connect subscribers. Optical Networking Solutions are used by communications service providers, Internet content providers and large enterprises to securely interconnect metro and regional networks over fiber.
ADTRAN, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the First Quarter of 2019