Clearfield Q1 revenue up 68% YoY to $86M; EPS $1.00; reaffirms FY revenue guidance $380-393M

Clearfield, Inc.

2023-Q1 EPS reported $1.00 revenue$85,942,000

Net sales $85.9M, up 68% YoY from $51.1M; diluted EPS $1.00 vs $0.75, up 33%.
Reaffirmed FY2023 revenue guidance $380-393M (40-45% growth); introduced FY net income guidance $4.30-$4.50 per share.
Gross margin 35.7% vs 44.9% due to capacity investments; expects improvement as revenue scales later in FY.
Backlog $136M, down 17% sequentially; lead times improved to 8-10 weeks from 10-12 months. Company will stop reporting backlog.
Organic revenue grew 53% to $78M; Nestor Cables contributed $8M. Strength in Community Broadband, MSO, and National Carrier markets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clearfield, Inc. reported first quarter of fiscal 2023 ended December 31, 2022 results: revenue $ 85.9, net income $ 14.3, EPS $ 1.00. Guidance reaffirmed.

Period: first quarter of fiscal 2023 ended December 31, 2022
Revenue: $ 85.9
Net income: $ 14.3
EPS: $ 1.00
Guidance: reaffirmed
Result: reported results

Exact text from the filing

PRESS RELEASE EdgarFiling EXHIBIT 99.1 Clearfield Reports Fiscal First Quarter 2023 Results Revenue f or the F irst Q uarter of Fiscal 2023 G rew 68 % Year -over- Y ear to $ 86 M illion . Net Income for the First Quarter of Fiscal 2023 Totaled $14.3 Million, or $1.00 per Diluted Share, an Improvement of 37% from $10.4 Million, or $0.75 per Diluted Share,

View on SEC.gov

Browse all earnings releases →

Clearfield, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-000637

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.