---
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"
generated_at: "2026-06-12T10:18:12.401402+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clearfield Q3 net sales down 14% YoY; raises FY2023 EPS guidance to $2.05-$2.15

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004976
- JSON: https://secwatch.observer/filing/0001171843-23-004976.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004976.txt

## Key facts
- Earnings Releases
  Clearfield, Inc. reported fiscal year 2023 results: revenue $260 to $275 million, EPS $2.05 to $2.15 per share. Guidance raised.
  - Period: fiscal year 2023
  - Revenue: $260 to $275 million
  - EPS: $2.05 to $2.15 per share
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/796505/000117184323004976/0001171843-23-004976-index.htm
- Earnings Releases
  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.
  - Period: the third quarter of fiscal 2023 ended June 30, 2023
  - Revenue: $61.3 million
  - Net income: $5.2 million
  - EPS: $0.33 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/796505/000117184323004976/0001171843-23-004976-index.htm

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