Clearfield posts record FY2022 revenue of $271M, up 92% YoY; guides FY2023 to 40-45% growth

Clearfield, Inc.

2022-FY EPS reported $3.55 revenue$270,883,000

Q4 revenue $95.0M (+110% YoY); diluted EPS $1.22 vs $0.53 prior year.
FY2022 revenue $270.9M (+92%), net income $49.4M ($3.55 diluted EPS) vs $20.3M ($1.47) in FY2021.
Backlog at year-end $165M, up 148% from $66M; Nestor Cables contributed $7M in Q4 revenue.
FY2023 net sales guidance of $380M-$393M, representing 40-45% growth over FY2022.
CEO Cheri Beranek awarded $955k cash bonus (255% of salary) plus $286k in stock based on FY2022 performance.

item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clearfield, Inc. updated its fourth quarter and fiscal year ended September 30, 2022 guidance (initiated).

Period: fourth quarter and fiscal year ended September 30, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On November 17, 2022, Clearfield, Inc. (the “Company”) issued a press release announcing the results of its fourth quarter and fiscal year ended September 30, 2022.

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Source: SEC EDGAR

accession 0001171843-22-007568

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