Clearfield Q3 revenue record $71.3M (+84% YoY); EPS $0.92; closes Nestor acquisition; raises FY guidance

Clearfield, Inc.

2022-Q3 EPS reported $2.33 revenue$175,854,000

Net sales $71.3M (+84% YoY); net income $12.7M ($0.92 diluted EPS) vs $6.1M ($0.44) YoY.
Quarter-end backlog $157M, up 16% sequentially from $136M; +289% YoY.
Raised FY2022 net sales guidance to $243-247M (excl. Nestor), representing 72-75% YoY growth.
Closed acquisition of Nestor Cables for ~$23M (incl. fees), funded via $16.7M draw on credit facility; expects accretion in FY2023.

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