secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001171843-22-005117
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184322005117/0001171843-22-005117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184322005117/f8k_072822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005117

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