ADTRAN Q1 2023 revenue $323.9M, net loss $34.5M ($0.44 diluted EPS)

ADTRAN Holdings, Inc.

2023-Q1 EPS reported -$0.44 revenue$323,912,000

Revenue $323.9M; GAAP net loss $34.5M ($0.44 EPS); non-GAAP net loss $5.0M ($0.06 EPS).
Net loss inclusive of non-controlling interest was $40.5M.
Slowing sales in Subscriber Solutions; management expects customer inventory management to impact near-term results.
Board declared Q1 cash dividend $0.09/share, payable June 6 to holders of record May 23.

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