secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001171843-22-002965
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184322002965/0001171843-22-002965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184322002965/f8k_042722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002965

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer