secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K/A
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001171843-23-004984
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield Q3 net sales $61.3M (-14% YoY), EPS $0.33 vs $0.92; raises FY EPS guidance
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- Net income $5.2M ($0.33 diluted EPS) vs $12.7M ($0.92) a year ago; gross margin fell to 31.1% from 41.1%.
- Backlog $74.7M, down 31% sequentially and 52% YoY, as customers digest inventory.
- FY 2023 revenue guidance reiterated at $260-275M; EPS guidance raised to $2.05-2.15 from $1.80-2.10.
- International revenue from Nestor Cables contributed $13.4M; organic revenue fell 33% YoY.
- Management cites cautious community broadband spending and inventory digestion, expects impact into fiscal 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184323004984/0001171843-23-004984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184323004984/f8ka_080323.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004984

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