ADTRAN reported Q2 revenue of $176,129,000 compared to $162,233,000 for the second quarter of 2013. Operating income was $19,339,000 compared to $14,053,000 for the second quarter of 2013. Net income was $14,395,000 compared to $9,859,000 for the second quarter of 2013. Earnings per share, assuming dilution, were $0.26 compared to $0.17 for the second quarter of 2013.
ADTRAN Chief Executive Officer Tom Stanton stated, “Our long stated goal of geographic diversification continued to pay dividends in the second quarter as international revenues reached a record $79 million. This strength drove our Broadband Access category to achieve record revenues, growing 33% over the same period last year. Operating income increased 38% over the same period last year.”
ADTRAN's Board of Directors declared a cash dividend for Q2 2014 of $0.09 per common share to be paid to holders of record at the close of business on July 31, 2014.