ADTRAN Chief Executive Officer Tom Stanton stated, “The performance for the quarter was driven by lower operating expenses combined with a strong performance by both our Carrier and Enterprise businesses. The results were positively impacted by our international business which achieved a record revenue level.”
The Company also announced that its Board of Directors declared a cash dividend for the third quarter of 2013. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on October 24, 2013. The ex-dividend date is October 22, 2013 and the payment date is November 7, 2013.