On November 7 2023 the Adtran Holdings Inc provided following guidance
tain non-strategic businesses.
Despite the lower-than-expected revenue, ADTRAN Holdings remained committed to improving its business efficiency. The Company announced a new Business Efficiency Program aimed at streamlining operations and reducing costs. This program is expected to enhance the Company's profitability and position it for future growth.
Looking ahead, ADTRAN Holdings is confident in its ability to capitalize on the growing demand for advanced networking solutions. The Company is focused on innovation and believes that its portfolio of next-generation technologies will drive long-term success.
In terms of financial performance, ADTRAN Holdings expects to see improvement in the coming quarters. The Company is implementing strategies to optimize gross margins and control expenses, which should contribute to increased profitability. Additionally, ADTRAN Holdings remains committed to generating strong cash flow and maintaining a solid balance sheet.
Despite the challenges faced in the third quarter, ADTRAN Holdings is optimistic about the future. The Company's commitment to business efficiency and focus on innovation position it well for success in the dynamic and competitive networking industry.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be forward-looking in nature. These statements reflect the Company's current expectations and beliefs and are subject to certain risks and uncertainties. Actual results may differ materially from these expectations due to various factors, including, but not limited to, changes in economic and market conditions, competition, technological advancements, and regulatory matters. The Company does not undertake any obligation to update or revise these forward-looking statements to reflect events or circumstances after the date of this release.
About ADTRAN Holdings, Inc.
ADTRAN Holdings, Inc. is a global provider of networking and communications equipment. The Company offers a comprehensive portfolio of advanced networking solutions for service providers, enterprise networks, and industrial markets. ADTRAN Holdings is dedicated to delivering innovative, high-performance solutions that enable customers to build and expand their networks efficiently and effectively.
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Kari S. Walker, 256-963-6747
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