CLFD earnings
Clearfield Inc. (CLFD) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Clearfield Reports Second Quarter Fiscal 2026 ResultsNet sales from continuing operations of $34.4 million and net loss per share from continuing operations of $0.04, both toward top end of guidance rangeOrder backlog increased 39% from December 31, 2025, to $31.6 millionReiterates full year fiscal 2026 guidance of net sales from continuing operations in the range of $160 million to $170 million, which represents approximately 10% topline growth at the midpoint, and EPS of $0.48 to $0.62Share buybacks totaled $7.3 million with $15.9 million remaining available for repurchase MINNEAPOLIS, May 06, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2026.
- Clearfield Sets Fiscal Second Quarter 2026 Earnings Call for Wednesday, May 6, 2026MINNEAPOLIS, April 22, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the second quarter of fiscal 2026, ended March 31, 2025, on Wednesday, May 6, 2026, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Wednesday, May 6, 2026Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-844-826-3033Inter
- Clearfield Reports First Quarter Fiscal 2026 ResultsNet sales from continuing operations grew 16% year over year to $34.3 million; Gross margin from continuing operations improved by 4 percentage points to 33.2%Clearfield Introduces NOVA™ Platform, Optimizing Scalability and Installation Simplicity for High-Density Fiber ConnectivityReiterates full year fiscal 2026 guidance of net sales from continuing operations in the range of $160 million to $170 million and EPS of $0.48 to $0.62Share buybacks totaled $5.2 million with $23.1 million remaining available for repurchases MINNEAPOLIS, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal first quarter of 2026 ending
- Clearfield Sets Fiscal First Quarter 2026 Earnings Call for Wednesday, February 4, 2026MINNEAPOLIS, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the first quarter of fiscal 2026, ended December 31, 2025, on Wednesday, February 4, 2026, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Wednesday, February 4, 2026Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-844-82
- Clearfield Reports Fourth Quarter and Full Year 2025 ResultsFiscal 2025 Clearfield net sales from continuing operations grew 20% to $150.1 million; Gross margin improved by over 13 percentage points from 20.6% to 33.7% Fiscal 2025 Clearfield net income from continuing operations per share improved to $0.45 from a net loss per share of $(0.58) in fiscal 2024After the divestiture of Nestor Cables, Clearfield expects full year fiscal 2026 revenue from continuing operations in the range of $160 million to $170 million and EPS of $0.48 to $0.62 Board of Directors increased share repurchase program authorization from $65 million to $85 million MINNEAPOLIS, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity,
- Clearfield Sets Fiscal Fourth Quarter 2025 Earnings Call for Tuesday, November 25, 2025MINNEAPOLIS, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the fourth quarter of fiscal 2025, ended September 30, 2025, on Tuesday, November 25, 2025, before the market open. The company will host a conference call at 8:30 a.m. Eastern time (7:30 a.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Tuesday, November 25, 2025Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in: 1-844-826-3033I
- Clearfield Reports Third Quarter Fiscal 2025 ResultsRevenue of $49.9 million driven by 15% year-over-year growth in the Clearfield Segment Net income per share of $0.11 was above the top end of guidance range Increases full year fiscal 2025 revenue guidance to a range of $180 million to $184 million Share buybacks totaled $5.6 million with $8.4 million remaining available for repurchases MINNEAPOLIS, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal third quarter of 2025. Fiscal Q3 2025 Financial Summary (in millions except per share data and percentages) Q3 2025 vs. Q3 2024 Change Change (%)Net Sales$49.9 $48.8 $1.1 2% Gross Profi
- Clearfield Sets Fiscal Third Quarter 2025 Earnings Call for Wednesday, August 6, 2025MINNEAPOLIS, July 23, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the third quarter of fiscal 2025, ended June 30, 2025, on Wednesday, August 6, 2025, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Wednesday, August 6, 2025Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-844-826-3033In
- Clearfield Reports Second Quarter Fiscal 2025 ResultsCompany returns to profitability, generating net income per diluted share of $0.09Revenue of $47.2 million driven by 47% year-over-year growth in the Clearfield SegmentCompany focused on executing to opportunity, yet economic uncertainty leads the Company to reiterate fiscal 2025 net sales guidance in the range of $170 million to $185 million MINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2025. Fiscal Q2 2025 Financial Summary (in millions except per share data and percentages)Q2 2025vs. Q2 2024Change Change (%)Net Sales$47.2$36.9$10.328% Gross Profit ($)$14.2$2.8$11.4
- Clearfield Sets Fiscal Second Quarter 2025 Earnings Call for Thursday, May 8, 2025MINNEAPOLIS, April 24, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the second quarter of fiscal 2025, ended March 31, 2025, on Thursday, May 8, 2025, after the close of the market. The company will host a conference call at 4:30 p.m. Eastern time (3:30 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Thursday, May 8, 2025Time: 4:30 p.m. Eastern time (3:30 p.m. Central time)U.S. dial-in: 1-877-407-0792Interna
- Clearfield Reports First Quarter Fiscal 2025 ResultsRevenue of $35.5 million consistent with expectations and narrower net loss per share of $(0.13), with revenue for the Clearfield segment up 6% year-over-yearGenerated increased revenue from connected homes products, highlighting continued progress toward becoming a comprehensive portfolio supplierExperienced strong quoting activity and initiation of new multi-year projects from customersShare buy-backs totaled $6.2 million with $18.7 million remaining available for future repurchases and cash flow from operations amounted to approximately $7.2 million MINNEAPOLIS, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the
- Clearfield Sets Fiscal First Quarter 2025 Earnings Call for Thursday, February 6, 2025MINNEAPOLIS, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the first quarter of fiscal 2025, ended December 31, 2024, on Thursday, February 6, 2025, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Thursday, February 6, 2025Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-877-407-
- Clearfield Reports Fiscal Fourth Quarter and Full Year 2024 ResultsQ4 Revenue of $46.8 million and net loss per share of $(0.06) in Q4 exceeded guidanceAchieved BABA self-certification recognition from the NTIA, the federal government agency administering BEADRevenue guidance of $170 million to $185 million for fiscal year 2025 MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fourth quarter and fiscal year 2024. Fiscal Q4 2024 Financial Summary (in millions except per share data and percentages)Q4 2024vs. Q4 2023Change Change (%) Net Sales$ 46.8 $49.7 $(2.9)-6% Gross Profit ($)$ 10.7 $12.0 $(1.3)-11% Gross Profit (%) 22.8% 24.1% -1.3%-5% (Loss) Incom
- Clearfield Sets Fiscal Fourth Quarter 2024 Earnings Call for Thursday, November 7, 2024MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its fourth quarter ended September 30, 2024, results will be released on Thursday, November 7, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, November 7, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Cen
- Clearfield Reports Third Quarter Fiscal 2024 ResultsRevenue of $48.8 million and net loss per share of $(0.04) exceeded guidance Outperformance driven by strong sales in International and Community Broadband markets Share buy-backs totaled $5.5 million with $25 million remaining available for repurchases MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal third quarter 2024. Fiscal Q3 2024 Financial Summary (in millions except per share data and percentages)Q3 2024 vs. Q3 2023 Change Change (%)Net Sales$ 48.8 $61.3 $(12.5) -20% Gross Profit ($)$ 10.7 $19.1 $(8.4
- Clearfield Sets Fiscal Third Quarter 2024 Earnings Call for Thursday, August 1, 2024MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its third quarter ended June 30, 2024, results will be released on Thursday, August 1, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, August 1, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S.
- Clearfield Reports Second Quarter 2024 ResultsRevenue of $36.9 million and net loss per share of $(0.40) - both above the high end of their respective guidance rangesBacklog increased sequentially driven by strength in Community BroadbandBoard of Directors increased share repurchase program authorization from $40 million to $65 million MINNEAPOLIS, May 02, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter 2024. Fiscal Q2 2024 Financial Summary (in millions except per share data and percentages)Q2 2024vs. Q2 2023Change Change (%)Net Sales$ 36.9 $71.8 $(34.9) -49% Gross Profit ($)$ 2.8 $23.6 $(20.7) -88%Gross Profit (%) 7.7% 32.8% -25.1% -77%
- Clearfield Sets Fiscal Second Quarter 2024 Earnings Call for Thursday, May 2, 2024MINNEAPOLIS, April 19, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its second quarter ended March 31, 2024, results will be released on Thursday, May 2, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, May 2, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S
- Clearfield Reports Fiscal First Quarter 2024 ResultsRepurchased approximately $12 million in shares under Share Repurchase Program, leaving $21 million available for additional repurchases. Announced a new product - a smaller vault which is designed to reduce deployment time and lower the cost of total deployment. Expects to achieve full Build America, Buy America (BABA) Act compliance by end of calendar 2024. MINNEAPOLIS, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal first quarter 2024, ended December 31, 2023. Fiscal Q1 2024 Financial Summary (in millions except per share data and percentages)Q1 2024vs. Q1 2023Change Change (%) Net Sales$ 34.2
- Clearfield Sets Fiscal First Quarter 2024 Earnings Call for Thursday, February 1, 2024MINNEAPOLIS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its first quarter ended December 31, 2023 results will be released on Thursday, February 1, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, February 1, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central ti
- Clearfield Reports Fiscal Fourth Quarter and Full Year 2023 ResultsBoard of Directors increases share repurchase program authorization from $22 million to $40 million.Company expects to achieve full Build America, Buy America (BABA) Act compliance by end of calendar 2024. MINNEAPOLIS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fourth quarter and fiscal year ended September 30, 2023. Fiscal Q4 2023 Financial Summary (in millions except per share data and percentages)Q4 2023vs. Q4 2022Change Change (%)Net Sales$ 49.7 $95.0 $(45.3)-48% Gross Profit ($)$ 12.0 $37.5 $(25.5)-68%Gross Profit (%) 24.1% 39.5% -15.3%-39% Income from Operations$ 1.7 $22.3 $(20.6)-92%Income
- Clearfield Sets Fiscal Fourth Quarter and Full Year 2023 Earnings Call for Thursday, November 9, 2023MINNEAPOLIS, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its fourth quarter and fiscal year ended September 30, 2023 results will be released on Thursday, November 9, 2023, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, November 9, 2023Time: 5:00 p.m. Eastern
- Clearfield Reports Fiscal Third Quarter 2023 ResultsRecord international revenues driven by the performance of Nestor Cables.Reiterates revenue guidance and increases net income per share guidance to $2.05 to $2.15 for fiscal year 2023. MINNEAPOLIS, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the third quarter of fiscal 2023. Fiscal Q3 2023 Financial Summary (in millions except per share data and percentages)Q3 2023vs. Q3 2022ChangeChange (%)Net Sales$61.3 $71.3 $(10.0)-14% Gross Profit ($)$19.1 $29.3 $(10.2)-35%Gross Profit (%) 31.1% 41.1% -10.0%-24% Income from Operations$5.6 $16.6 $(11.0)-66%Income Tax Expense$1.8 $3.9 $(2.0)-53% Net Income$5.2 $12
- Clearfield Sets Fiscal Third Quarter 2023 Earnings Call for Thursday, August 3, 2023MINNEAPOLIS, July 20, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communications providers, will hold a conference call on Thursday, August 3, 2023 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal third quarter ended June 30, 2023. Financial results will be issued in a press release prior to the call and will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, August 3, 2023Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-844-826-3033 International
- Clearfield Reports Fiscal Second Quarter 2023 ResultsRevenue for the Second Quarter of Fiscal 2023 Grew 34% Year-over-Year to $71.8 Million. Net Income for the Second Quarter of Fiscal 2023 Increased 12% Year-over-Year to $10.4 Million, or $0.67 per Diluted Share. MINNEAPOLIS, May 04, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the second quarter of fiscal 2023. (in millions except per share data and percentages)Q2 2023vs. Q2 2022Change Change (%) Net Sales$ 71.8 $53.5 $18.3 34% Gross Profit ($)$ 23.6 $23.2 $0.4 2% Gross Profit (%) 32.8% 43.3% -10.5%-24% Income from Operations$ 12.1 $11.9 $0.1 1% Income Tax Expense$ 3.0 $2.8 $0.2 6% Net Income$ 10.4 $9.2
- Clearfield Sets Fiscal Second Quarter 2023 Earnings Call for Thursday, May 4, 2023MINNEAPOLIS, April 20, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communications providers, will hold a conference call on Thursday, May 4, 2023 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal second quarter ended March 31, 2023. Financial results will be issued in a press release prior to the call and will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, May 4, 2023Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-844-826-3033 International dial-in
- Clearfield Reports Fiscal First Quarter 2023 ResultsRevenue for the First Quarter of Fiscal 2023 Grew 68% Year-over-Year to $86 Million. Net Income for the First Quarter of Fiscal 2023 Totaled $14.3 Million, or $1.00 per Diluted Share, an Improvement of 37% from $10.4 Million, or $0.75 per Diluted Share, in the First Quarter of Fiscal 2022. Ongoing Lead Time Improvements Strengthen the Company's Position to Serve Robust Long-term Customer Demand. Company Reaffirms Fiscal 2023 Net Sales Guidance Range of $380 to $393 Million, Representing 40% to 45% Growth Over Record Fiscal Year 2022. Company Introduces Fiscal 2023 Net Income Guidance Range of $4.30 to $4.50 a Share. MINNEAPOLIS, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (N
- Clearfield Sets Fiscal First Quarter 2023 Earnings Call for Thursday, February 2, 2023 at 5:00 p.m. ETMINNEAPOLIS, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communications providers, will hold a conference call on Thursday, February 2, 2023 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal first quarter ended December 31, 2022. Financial results will be issued in a press release and the company's FieldReport prior to the call, which will be available in the Investor Relations section of the company's website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company's financial and operational perform
- Clearfield Reports Record Fiscal Fourth Quarter and Full Year 2022 ResultsRevenue For Fiscal Fourth Quarter Grew 110% Year-over-Year to Record $95 Million Including an incremental $7 Million Generated by the Acquisition of Nestor Cables.Revenue for Fiscal Year 2022 Grew 92% to $271 Million as Compared to Fiscal Year 2021. Fiscal 2022 Net Income Totaled $49 Million, or $3.55 per Diluted Share, an Improvement of 143% from $20 Million, or $1.47 per Diluted Share, in Fiscal 2021.Backlog Increased 148% to $165 Million at Year End Compared to $66 Million at End of Fiscal 2021.Company Introduces Fiscal 2023 Net Sales Guidance to a Range of $380 Million to $393 Million, Representing 40% to 45% Growth Over Record Fiscal Year 2022. MINNEAPOLIS, Nov. 17, 2022 (GLOBE NEWSW
- Clearfield Sets Fiscal Fourth Quarter and Full Year 2022 Earnings Call for Thursday, November 17, 2022 at 5:00 p.m. ETMINNEAPOLIS, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in community broadband fiber connectivity, will hold a conference call on Thursday, November 17, 2022 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal fourth quarter and fiscal year ended September 30, 2022. The Company set the timing for the earnings call after giving consideration to management and audit work, the enhanced reporting obligations given the Company's increased market cap, and the Company's international acquisition in the fiscal fourth quarter of 2022. Financial results will be issued in a press release and the company's FieldReport prio
- Clearfield Reports Record Fiscal Third Quarter 2022 ResultsRevenue For Fiscal Third Quarter Grew 84% Year-over-Year to a Record $71 Million, Driven by 73% Growth in Community Broadband Revenue Compared to the Same Year-Ago PeriodQuarter-End Backlog Increased 16% Sequentially to a Record $157 Million at the End of Fiscal Third Quarter 2022, Compared to $136 Million at the End of Fiscal Second Quarter 2022Net Income For Fiscal Third Quarter 2022 Totaled a Record $12.7 Million, or $0.92 per diluted share, an Increase of 109% from $6.1 Million, or $0.44 Per Diluted Share, in Fiscal Third Quarter 2021Acquisition of Nestor Cables, strategic opportunity to integrate FieldShield cabling, closed July 26, 2022Company Increases Fiscal 2022 Net Sales Guidance t
- Clearfield Closes Acquisition of Nestor Cables Oy, a Leading European Developer and Manufacturer of Fiber Optic Cable SolutionsMINNEAPOLIS, Minn., July 27, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. ("Clearfield") (NASDAQ:CLFD), the specialist in fiber management and connectivity platforms for communication service providers, closed its previously announced acquisition of Finnish company Nestor Cables Ltd. ("Nestor"), a leading developer and manufacturer of fiber optic cable solutions on July 26, 2022. The total transaction value including fees of approximately USD $23 million and was funded primarily through Clearfield's credit facility. Nestor will operate as subsidiary of Clearfield and its financial results will be reported accordingly. Clearfield expects to the acquisition to be accretive to earnings in fiscal
- Clearfield Sets Fiscal Third Quarter 2022 Earnings Call for Thursday, July 28, 2022 at 5:00 p.m. ETMINNEAPOLIS, July 21, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management and connectivity platforms for communication service providers, will hold a conference call on Thursday, July 28, 2022 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal third quarter ended June 30, 2022. Financial results will be issued in a press release and the company's FieldReport prior to the call, which will be available in the Investor Relations section of the company's website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company's financ
- Clearfield to Acquire Nestor Cables, a Leading European Developer and Manufacturer of Fiber Optic Cable SolutionsAccretive Acquisition to Extend Available Supply of Clearfield's FieldShield FiberCompany Expected to Open Fiber Optic Production in Mexico to Establish the Manufacturing of FieldShield in Closer Proximity to its North American Service Provider CustomersManagement to Hold Conference Call to Discuss Acquisition Today, May 17, at 8:30 AM ET MINNEAPOLIS, May 17, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. ("Clearfield") (NASDAQ:CLFD), the specialist in fiber management and connectivity platforms for communication service providers, has entered into a definitive agreement to acquire Finnish company Nestor Cables Oy ("Nestor"), a leading developer and manufacturer of fiber optic cable solutions.
- Clearfield Reports Record Fiscal Second Quarter 2022 ResultsRevenue For Fiscal Second Quarter Grew 80% Year-over-Year to Record $53 Million, Driven by 94% Growth in Community Broadband Revenue Compared to the Same Year-Ago Period Quarter-End Backlog Increased 34% Sequentially to Record $136 Million at End of Fiscal Second Quarter 2022, Compared to $101 Million at the End of Fiscal First Quarter 202243.3% Gross Profit Margin and Record Gross Profit Dollars Driven by Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Net Income For Fiscal Second Quarter 2022 Totaled a Record $9.2 Million, or $0.66 per diluted share, an Increase of 154% from $3.6 Million, or $0.27 Per Diluted Share, in Fiscal Second Quarter 2021Compa
- Clearfield Sets Fiscal Second Quarter 2022 Earnings Call for Thursday, April 28, 2022 at 5:00 p.m. ETMINNEAPOLIS, April 21, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communication service providers, will hold a conference call on Thursday, April 28, 2022 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal second quarter ended March 31, 2022. Financial results will be issued in a press release and the company's FieldReport prior to the call, which will be available in the Investor Relations section of the company's website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company's financial and operational per
- Clearfield Reports Record Fiscal First Quarter 2022 ResultsRevenue For First Fiscal Quarter Grew 89% to Record $51 Million, Driven by 81% Growth in Community Broadband Revenue Compared to the Same Year-Ago QuarterQuarter-End Backlog Increased 53% Sequentially to Record $101 Million at End of First Fiscal Quarter 2022 Compared to $66 Million at End of Fiscal 202144.9% Gross Profit Margin and Record Gross Profit Dollars Driven by Continued Execution on Operational Effectiveness Initiatives and Favorable Product MixNet Income For First Fiscal Quarter 2022 Totaled a Record $10.4 Million, or $0.75 per diluted share, an Increase of 228% from $3.2 Million, or $0.23 per diluted share, in First Fiscal Quarter 2021Company Increases Fiscal 2022 Net Sales Guida
- Clearfield Sets Fiscal First Quarter 2022 Earnings Call for Thursday, January 27, 2022 at 5:00 p.m. ETMINNEAPOLIS, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communication service providers, will hold a conference call on Thursday, January 27, 2022 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal first quarter ended December 31, 2021. Financial results will be issued in a press release and the company's FieldReport prior to the call, which will be available in the investor relations section of the company's website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company's financial and operationa
- Clearfield Reports Record Fiscal Fourth Quarter and Full Year 2021 ResultsCompany Achieves Record Annual Net Sales of $140.8 Million, Driven by 66% Year-over-Year Growth in Community Broadband RevenueRevenue for the year grew 51% to $140.8 Million. Backlog Increased 522% to $66.4 Million at Year End compared to $10.7 Million at End of Fiscal 2020Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 43.6% Quarterly Gross Profit Margin and Quarterly Record Gross Profit DollarsFiscal 2021 Net Income Totaled $20.3 Million, or $1.47 per diluted share, an Improvement of 179% from $7.3 Million, or $0.53 per diluted share, in Fiscal 2020Company Increases FY22 Net Sales Guidance to $162 Million to $169 Million, Representing Growth
- Clearfield Sets Fiscal Fourth Quarter and Full Year 2021 Earnings Call for Thursday, November 4, 2021 at 5:00 p.m. ETMINNEAPOLIS, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communication service providers, will hold a conference call on Thursday, November 4, 2021 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal fourth quarter and fiscal year ended September 30, 2021. Financial results will be issued in a press release and the company's FieldReport prior to the call, which will be available in the investor relations section of the company's website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company's financia
- Clearfield Reports Record Fiscal Third Quarter and Nine Month 2021 Financial Results49% Increase in Net Sales, Driven by 64% Growth in Community Broadband Revenue Compared to the Same Year-Ago Quarter. Company Backlog Increased 377% to Record $40.3 Million at Quarter End Compared to the Same Year-ago Quarter End and 110% Compared to March 31, 2021Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 44.2% Quarterly Gross Profit Margin for Q3 FY2021Net Income for Q3 2021 Increased 104% to $6.1 Million, or $0.44 per diluted share, an Improvement from $3.0 Million, or $0.22 per diluted share, in the Same Year-ago Quarter Company Raises Fiscal 2021 Net Sales Guidance to $130 Million to $135 Million, Representing 42% Year-over-Year Gr