Clearfield reports record Q2 FY2022 revenue $53.5M (+80% YoY); raises FY guidance to $204-218M

Clearfield, Inc.

2022-Q2 EPS reported $1.41 revenue$104,604,000

Revenue $53.5M (+80% YoY); net income $9.2M ($0.66 diluted EPS) vs $0.27 prior year.
Record order backlog $136M (+34% seq, +605% YoY); strong demand visibility.
FY2022 net sales guidance raised to $204-218M (45-55% YoY growth) from prior $177-183M.
Secured $40M revolving credit line with Bremer Bank, maturing April 2025, at SOFR+1.85%.
Opened new distribution center in MN and manufacturing center in Mexico; added 200 staff (+50% headcount).

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