{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-004976","form_type":"8-K","ticker":"CLFD","cik":"0000796505","company_name":"Clearfield, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.667652+00:00","generated_at":"2026-06-12T10:18:12.401402+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Clearfield Q3 net sales down 14% YoY; raises FY2023 EPS guidance to $2.05-$2.15","bullets":["Q3 net sales $61.3M (-14% YoY); net income $5.2M (-59%); diluted EPS $0.33 vs $0.92.","Gross margin 31.1% vs 41.1% YoY, hurt by excess capacity and Nestor acquisition.","Order backlog $74.7M, down 31% sequentially and 52% YoY.","Reiterated FY2023 revenue guidance $260-275M; raised EPS guidance from $1.80-2.10 to $2.05-2.15.","Expects near-term headwinds from customer inventory digestion and cautious community broadband capex into FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-004976","json":"https://secwatch.observer/filing/0001171843-23-004976.json","markdown":"https://secwatch.observer/filing/0001171843-23-004976.md","text":"https://secwatch.observer/filing/0001171843-23-004976.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796505/000117184323004976/0001171843-23-004976-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796505/000117184323004976/f8k_080323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T10:18:12.401402+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"854e853cb272d9f6af9a9f2c9920b2c218902935","claim":"Clearfield, Inc. reported fiscal year 2023 results: revenue $260 to $275 million, EPS $2.05 to $2.15 per share. Guidance raised.","evidence_excerpt":"Clearfield continues to expect its full year fiscal 2023 net sales to be within a range of $260 to $275 million, and now expects net income per share to be in the range of $2.05 to $2.15, up from $1.80 to $2.10 previously.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/796505/000117184323004976/0001171843-23-004976-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Revenue","value":"$260 to $275 million"},{"label":"EPS","value":"$2.05 to $2.15 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b066a5b6c6d1109cbceab934170c6c6e1d5826da","claim":"Clearfield, Inc. reported the third quarter of fiscal 2023 ended June 30, 2023 results: revenue $61.3 million, net income $5.2 million, EPS $0.33 per diluted share.","evidence_excerpt":"our full year net income per share guidance.” Financial Results for the Three Months Ended June 30, 2023 Net sales for the third quarter of fiscal 2023 decreased 14% to $61.3 million from $71.3 million in the same year-ago quarter. Organic revenue decreased 33% year over year to $47.9 million, while Nestor Cables generated revenue of $13.4 million. As of June","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/796505/000117184323004976/0001171843-23-004976-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of fiscal 2023 ended June 30, 2023"},{"label":"Revenue","value":"$61.3 million"},{"label":"Net income","value":"$5.2 million"},{"label":"EPS","value":"$0.33 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}