secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001171843-22-007568
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184322007568/0001171843-22-007568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184322007568/f8k_111722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007568

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