ADTRAN (www.adtran.com) reported its financial results for the second quarter of 2011 on July 12, 2011. Once again, the company continues to roll, racking up an increase of 23 percent as compared to last year’s results.
More specifically, ADTRAN had sales of more than $184 million, as compared to $150 million for 2Q 2010. Operating income hit an all time record high of $51.3 million for the quarter, with net income up 33 percent to $36.9 million for the quarter and earnings per share going up 27 percent to $0.56 for the quarter.
Stockholders will get a quarterly cash dividend of $0.09 per common share, with a payment date of August 11, 2011.
I don’t think there’s been a quarter where ADTRAN has lost money or even had flat growth, if memory serves.