Highest-materiality recent filing
Clearfield Q3 net sales $43.9M (+13% YoY), EPS $0.22; cuts FY2026 guidance
Net sales from continuing ops $43.9M, up 13% YoY; net income $3.0M ($0.22 diluted EPS) vs $2.3M ($0.16) a year ago.
Clearfield extends line of credit maturity to November 21, 2026
Amendment No. 4 extends maturity from July 24, 2026 to November 21, 2026.
Clearfield Q2 net sales $34.4M, net loss $0.04 EPS; backlog up 39% QoQ
Net sales from continuing ops $34.4M, down 15% YoY; net loss per diluted share $0.04 vs income $0.18 YoY.
Clearfield extends $40M credit line maturity to July 24, 2026
Line of credit amount remains $40M; maturity extended from April 25, 2026 to July 24, 2026.
Clearfield shareholders elect eight directors at 2026 annual meeting; all proposals pass
Turnout 72.98% of 13.8M shares outstanding; 10.1M shares present at annual meeting.
Clearfield Q1 net sales up 16% to $34.3M; net loss per share -$0.04 improves from -$0.13 YoY
Net sales from continuing ops $34.3M (+16% YoY), above guidance of $30-33M.
Clearfield amends bylaws to add proxy access, universal proxy provisions, and exclusive forum
Shareholders owning 3%+ of stock for 3+ years can nominate up to 2 directors or 20% of board (whichever greater) via proxy access.
Clearfield reports Q4 EPS $0.13; FY2025 EPS $0.45; guides FY2026 rev $160-170M; buyback auth $85M
Q4 FY2025 net sales from cont ops $41.1M (+13% YoY); gross margin 34.6% vs 26.6%.
Clearfield divests Nestor Cables business via management buyout; expects accretive impact
Sold Clearfield Finland Oy (Nestor Cables) for $1 cash + contribution of $5.8M inter-company receivables.
Clearfield appoints Rebecca Seidel and Kathleen Skarvan to Board of Directors, effective Dec 10
Clearfield elected Rebecca Seidel and Kathleen Skarvan to its Board, effective December 10, 2025.
Clearfield Q3 net income $1.6M ($0.11 EPS) beats guidance; raises FY revenue view to $180-184M
Revenue $49.9M (+2% YoY); gross margin 30.5%, up from 21.9% on improved overhead absorption and inventory recoveries.
Clearfield returns to profitability in Q2; revenue $47.2M, EPS $0.09 vs loss $0.40
Net sales $47.2M (+28% YoY); Clearfield segment revenue up 47% YoY.
Clearfield extends $40M revolver maturity to April 2026
Maturity of $40M line of credit extended from April 27, 2025 to April 25, 2026.
Clearfield announces 2025 annual meeting voting results; all directors elected, say-on-pay approved
Annual meeting held Feb 27, 2025; 74.25% quorum (10,489,751 of 14,126,604 shares).
Clearfield reports Q1 FY2025 net loss $(0.13)/share on revenue $35.5M, reiterates FY guidance
Net sales $35.5M, up 4% YoY; net loss per share $(0.13) improved from $(0.35) YoY.
Director Patrick Goepel to leave Clearfield board at 2025 annual meeting
Patrick F. Goepel notified Clearfield on Dec 30, 2024 he will not stand for re-election at the 2025 annual meeting.
Clearfield adopts new Performance Stock Unit Award Agreement for fiscal 2025 executive awards
Compensation Committee approved new form of PSU Award Agreement on November 25, 2024.
Clearfield dismisses Baker Tilly, hires Deloitte as auditor effective Nov 18, 2024
Audit Committee dismissed Baker Tilly (auditor since 2013) after competitive evaluation; Deloitte & Touche LLP engaged.
Clearfield reports Q4 net loss $0.8M; revenue $46.8M down 6% YoY; FY2025 guide $170-185M
Q4 net sales $46.8M (down 5.9% YoY); net loss per share $(0.06) vs income $0.17 YoY; exceeded prior guidance.
Clearfield adopts new Incentive Bonus Plan for executives and key employees effective Oct 1, 2024
Plan provides cash bonuses based on achievement of financial, operational, or strategic targets set by Compensation Committee.
Clearfield Q3 FY2024 net loss per share $(0.04) beats guidance on revenue $48.8M
Revenue $48.8M (-20% YoY) exceeded outlook; net loss ($0.4M) vs net income $5.2M a year ago.
Clearfield Q2 net sales $36.9M, down 49% YoY; net loss $0.40 EPS; guides Q3 sales $40-44M
Q2 net sales $36.9M vs $71.8M YoY (-49%); net loss $0.40 EPS vs income $0.67.
Clearfield enters 7-year lease for ~318K sq ft Tijuana manufacturing facility
Lease dated April 4, 2024, effective April 1, 2024; Clearfield is joint and several obligor for tenant Prisma Shelter.
All eight director nominees elected with votes for ranging from 8.90M to 9.37M.
Clearfield Q1 fiscal 2024 revenue down 60% YoY, net loss of $5.3M
Net sales $34.2M, down 60% YoY; net loss $5.3M ($0.35 diluted) vs net income $14.3M ($1.00 diluted) YoY.
Clearfield adopts FY 2024 bonus plan for CEO, COO, CFO with net sales and gross profit targets
CEO and COO target bonus at 60% of base salary, max 200%; CFO target 60%, max 100%.
Clearfield boosts share repurchase authorization to $40M from $22M; ~$33M available
Board increased repurchase program to $40M, up from previous $22M.
Clearfield Q4 net sales down 48% YoY to $49.7M; guides Q1 revenue $28-32M with net loss
Q4 net income $2.7M ($0.17 diluted EPS) vs $17.0M ($1.22) a year ago; gross margin dropped to 24.1% from 39.5%.
Clearfield amends Compensation Recoupment Policy to comply with SEC/Nasdaq clawback rules
Mandatory recoupment of erroneously awarded incentive-based compensation from executive officers upon an accounting restatement.
Clearfield Q3 net sales $61.3M (-14% YoY), EPS $0.33 vs $0.92; raises FY EPS guidance
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%.
Clearfield Q3 net sales down 14% YoY; raises FY2023 EPS guidance to $2.05-$2.15
Q3 net sales $61.3M (-14% YoY); net income $5.2M (-59%); diluted EPS $0.33 vs $0.92.
Filed 8-K furnishing earnings presentation for fiscal second quarter ended March 31, 2023.
Clearfield Q2 revenue up 34% to $71.8M; cuts FY23 guidance on customer inventory digestion
Revenue $71.8M (+34% YoY), net income $10.4M ($0.67 diluted EPS), gross margin fell to 32.8% from 43.3%.
Shareholders approve 2022 Stock Compensation Plan and elect eight directors at annual meeting
Shareholders approved 2022 Stock Compensation Plan, reserving 600,000 shares plus carryover from prior plan.
2023 Bonus Plan uses net sales (75% weight) and adjusted EBITDA (25% weight) for executive cash incentives.
Clearfield reports Q1 FY2023 earnings; specific figures not available in provided excerpt
Filing furnishes FieldReport slide presentation for quarter ended Dec 31, 2022.
Clearfield Q1 revenue up 68% YoY to $86M; EPS $1.00; reaffirms FY revenue guidance $380-393M
Net sales $85.9M, up 68% YoY from $51.1M; diluted EPS $1.00 vs $0.75, up 33%.
Clearfield adopts 2022 Stock Compensation Plan, amends option surrender provision
Plan reserves 600,000 shares plus any remaining or forfeited shares from prior 2007 plan.
Clearfield approves FY2023 executive salary increases up to 36.9% and raises director compensation
CEO Cheryl Beranek and COO John Hill base salaries raised to $425,000 each (13.5% increase); CFO Daniel Herzog to $340,000 (+36.9%).
Clearfield closes upsized $120M public stock offering, net proceeds $130.4M
Sold 1,380,000 shares (including full underwriter option exercise) at $100/share public price.
Clearfield reports Q4 and FY2022 results; detailed figures not in filing excerpt
Clearfield issued a FieldReport for fiscal Q4 and year ended September 30, 2022 via webcast on November 17, 2022.
Clearfield posts record FY2022 revenue of $271M, up 92% YoY; guides FY2023 to 40-45% growth
Q4 revenue $95.0M (+110% YoY); diluted EPS $1.22 vs $0.53 prior year.
Clearfield reports fiscal Q3 2022 earnings; details omitted in excerpt
Company issued FieldReport for quarter ended June 30, 2022 via webcast on July 28, 2022.
Net sales $71.3M (+84% YoY); net income $12.7M ($0.92 diluted EPS) vs $6.1M ($0.44) YoY.
Clearfield announces agreement to acquire Nestor Cables Oy
Entered into a share purchase agreement to buy all issued and outstanding shares of Nestor Cables Ltd.
Clearfield to acquire Nestor Cables for ~$23M; plans Mexico fiber production in 2023
Total acquisition value approx. US$23M; ~$17M cash at close from credit facility.
Clearfield announces Q2 FY2022 earnings; financial details not in provided exhibit text
Hosted webcast and conference call on April 28, 2022 for Q2 ended March 31, 2022.
Clearfield reports record Q2 FY2022 revenue $53.5M (+80% YoY); raises FY guidance to $204-218M
Revenue $53.5M (+80% YoY); net income $9.2M ($0.66 diluted EPS) vs $0.27 prior year.
Annual meeting results: all eight director nominees elected, say-on-pay and auditor ratified
Shareholders elected all eight board nominees, including Walter L. Jones Jr. and Carol A. Wirsbinski.
Clearfield Q1 FY22 revenue $51.1M (+89% YoY); net income $10.4M (+228%)
Record net sales of $51.1M, up 89% from $27M; net income $10.4M vs $3.2M.
On December 30, 2024, Patrick F. Goepel, a director of Clearfield, Inc. (the “Company”), notified the Company of his decision not to stand for re-election to the Board of Directors (the “Board”) at the 2025 annual meeting of shareholders.
On November 5, 2024, the Board of Directors (the “Board”) of the Company appointed Ms. Catherine T. Kelly and Mr. Ademir Sarcevic to serve as directors of the Company, effective December 11, 2024.
On November 5, 2024, the Board of Directors (the “Board”) of the Company appointed Ms. Catherine T. Kelly and Mr. Ademir Sarcevic to serve as directors of the Company, effective December 11, 2024.
the Board of Director elected Walter Jones, Jr. and Carol Wirsbinski as directors of the Company effective December 3, 2021.
the Board of Director elected Walter Jones, Jr. and Carol Wirsbinski as directors of the Company effective December 3, 2021.
Max materiality 0.90 · Median 0.53 · Most common event earnings