secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001171843-24-002486
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield Q2 net sales $36.9M, down 49% YoY; net loss $0.40 EPS; guides Q3 sales $40-44M
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- Q2 net sales $36.9M vs $71.8M YoY (-49%); net loss $0.40 EPS vs income $0.67.
- Gross margin collapsed to 7.7% from 32.8% due to excess capacity and inventory reserves.
- Backlog $47.2M, up 8.6% sequentially but down 56% YoY.
- Board increased share repurchase authorization to $65M; $30.4M available after $15.5M repurchased in Q2.
- Q3 guidance: net sales $40-44M, net loss per share $0.31-$0.38.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184324002486/0001171843-24-002486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184324002486/f8k_050224.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002486

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