---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-000637"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T03:00:39.036165+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-000637
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796505/000117184323000637/0001171843-23-000637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184323000637/f8k_020223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000637
- JSON: https://secwatch.observer/filing/0001171843-23-000637.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000637.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/796505/000117184323000637/0001171843-23-000637-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.