Huntsville-based Adtran announced its financial results for the first quarter and reported record product order bookings in the quarter.

“Our business continues to be driven by strong demand for our fiber access platforms, in-home service delivery platforms and software platforms with regional service providers across the U.S. and Europe,” said Adtran Chairman and Chief Executive Officer Tom Stanton. “These service providers increasingly turn to Adtran for end-to-end solutions that simplify the deployment of fiber-based broadband services while providing an enhanced subscriber experience.

“The increased demand for ADTRAN’s solutions was highlighted by record product order bookings in the quarter.”

The company said its revenue was $127.5 million with a net income for the first quarter of 2021 of $900,000. Adtran also said its earnings per share was 2 cents.

Adtran reported its non-GAAP net income was $6.3 million and non-GAAP earnings per share was 13 cents. Non-GAAP net income and non-GAAP earnings per share exclude stock-based compensation expense, acquisition-related expenses and amortizations, restructuring expenses, amortization of pension actuarial losses, change in valuation allowance related to deferred tax assets, non-cash deferred compensation, asset impairments and other one-time adjustments.

The company’s Board of Directors declared a cash dividend of 9 cents per common share for the first quarter. It will be paid to stockholders of record as of the close of business on May 20, 2021. The payment date will be June 3.