ADTRAN Holdings, Inc. reports first quarter 2024 financial results [Yahoo! Finance]
ADTRAN Holdings, Inc. (ADTN)
Last adtran holdings, inc. earnings: 2/5 08:05 pm
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US:NASDAQ Investor Relations:
portal.adtran.com/web/page/portal/adtran/wp_investorrelations_landing
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Source: Yahoo! Finance
HUNTSVILLE, Ala., May 07, 2024 BUSINESS WIRE )--ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) ("ADTRAN Holdings" or the "Company") today announced its unaudited financial results for the first quarter of 2024. GAAP gross margin for the first quarter was 31.9%, compared to 34.8% in Q4 2023 and 27.1% in the year-ago quarter, representing an improvement of 484 basis points ("bps") year-over-year but a decrease of 285 bps quarter-over-quarter. The year-over-year improvement primarily resulted from lower purchasing and transportation costs, as well as lower acquisition-related expenses, amortizations and adjustments. The sequential margin decline is primarily due to $8.8 million of inventory charges related to a strategy shift as part of our Business Efficiency Program. Non-GAAP gross margin for the first quarter was 41.6% compared to 41.9% in Q4 2023 and 37.3% in the year-ago quarter representing a decline of 33 bps sequentially and an improvement of 429 bps year-over-year. GAA
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ADTN
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- ADTRAN Holdings, Inc. (NASDAQ: ADTN) was upgraded by analysts at Northland Capmk from a "hold" rating to a "strong-buy" rating.MarketBeat
- ADTRAN Holdings, Inc. (NASDAQ:ADTN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ADTN
Earnings
- 5/7/24 - Beat
ADTN
Sec Filings
- 5/10/24 - Form S-8
- 5/10/24 - Form S-8
- 5/10/24 - Form 10-Q
- ADTN's page on the SEC website