Clearfield, Inc. — fact timeline

Clearfield, Inc. reported second quarter of fiscal 2026 ended March 31, 2026 results: revenue $34.4 million, net income net loss of $0.04 per diluted share, EPS $0.04. Guidance reaffirmed.

“(PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Clearfield Reports Second Quarter Fiscal 2026 Results Net sales from continuing operations of $34.4 million and net loss per share from continuing operations of $0.04, both toward top end of guidance range Order backlog increased 39% from December 31, 2025, to $31.6 million Reiterates”

Clearfield, Inc. amended Amendment No. 3 to Loan Agreement with Old National Bank, successor by merger to Bremer Bank, National Association (effective 2026-04-25).

“On April 25, 2026, Clearfield, Inc. (the “Company”) entered into an Amendment No. 3 to Loan Agreement (the “Amendment”) that amends its Loan Agreement dated April 27, 2022 (as amended, the “Agreement”) with Old National Bank, successor by merger to Bremer Bank, National Association.”

Clearfield, Inc.: Amended bylaws to implement proxy access, update for universal proxy rules and Minnesota exclusive forum, and make other changes (effective 2025-12-10).

“On December 10, 2025, upon recommendation of the Nominating and Corporate Governance Committee, the Board of Directors (the “Board”) of Clearfield, Inc. (the “Company”) approved and adopted amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately, to implement proxy access, make changes in connection with the Securities and Exchange Commission rules regarding universal proxy cards (the “Universal Proxy Rules”), make changes in connection with the Minnesota Business Corporation Act exclusive forum provision, and to make certain other changes.”

Patrick F. Goepel departed as Director at Clearfield, Inc..

“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.”

Clearfield, Inc. engaged Deloitte & Touche LLP as its auditor.

“the Company's Audit Committee approved the engagement of Deloitte & Touche LLP ("Deloitte"), and appointed Deloitte as the Company's independent registered public accounting firm as of November 18, 2024.”

Clearfield, Inc. dismissed Baker Tilly, US, LLP as its auditor.

“the Audit Committee of the Company dismissed Baker Tilly, US, LLP ("Baker Tilly") as the Company's independent registered public accounting firm.”

Ademir Sarcevic was appointed as director at Clearfield, Inc..

“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.”

Catherine T. Kelly was appointed as director at Clearfield, Inc..

“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.”

Clearfield, Inc. entered into Lease Agreement with Prisma Shelter, S. de R.L. de C.V. and Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, solely in its capacity as Trustee of Trust No. 3218 valued at monthly base rental payments of $168,786.19 (effective 2024-04-01).

“On April 4, 2024, Clearfield, Inc. (the “Company”) entered into a Lease Agreement (the “Lease”) with Prisma Shelter, S. de R.L. de C.V. (the “Tenant”) and Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, solely in its capacity as Trustee of Trust No. 3218 (the “Landlord”) for an approximately 318,000 square foot manufacturing facility in Tijuana, Mexico (the “Facility”).”

Clearfield, Inc. shareholders approved To ratify and confirm the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the Company for the fiscal year ending September 30, 2024. at the 2024-02-22 meeting.

“Proposal 3 To ratify and confirm the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the Company for the fiscal year ending September 30, 2024.”

Clearfield, Inc. shareholders approved To approve, on a non-binding advisory basis, the compensation paid to our named executive officers. at the 2024-02-22 meeting.

“Proposal 2 To approve, on a non-binding advisory basis, the compensation paid to our named executive officers.”

Clearfield, Inc. shareholders approved To elect eight (8) directors of the Company to serve until the next Annual Meeting of Shareholders or until their respective successors have been elected and qualified. at the 2024-02-22 meeting.

“Proposal 1 To elect eight (8) directors of the Company to serve until the next Annual Meeting of Shareholders or until their respective successors have been elected and qualified.”

Clearfield, Inc. reported first quarter of fiscal 2024 ended December 31, 2023 results: revenue $34.2 million, net income $5.3 million, EPS $0.35 per diluted share. Guidance initiated.

“share repurchases in the second quarter.” Financial Results for the Three Months Ended December 31, 2023 Net sales for the first quarter of fiscal 2024 decreased 60.2% to $34.2 million from $85.9 million in the same year-ago quarter. As of December 31, 2023, order backlog (defined as purchase orders received but not yet fulfilled) was $43.5 million, a decrease”

Clearfield, Inc. reported financial results for fourth quarter and fiscal year ended September 30, 2023.

“On November 9, 2023, Clearfield, Inc. (the “Company”) issued a press release announcing the results of its fourth quarter and fiscal year ended September 30, 2023.”

Clearfield, Inc. reported the third quarter of fiscal 2023 results: revenue $61.3 million, net income $5.2 million, EPS $0.33 per diluted share. Guidance raised.

“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”

Clearfield, Inc. reported fiscal year 2023 results: revenue $260 to $275 million, EPS $2.05 to $2.15 per share. Guidance raised.

“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.”

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.

“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”

Clearfield, Inc. reported financial results for the second quarter ended March 31, 2023.

“Clearfield, Inc. (the “Company”) hereby furnishes as Exhibit 99.1 its “Earnings Presentation” relating to the second quarter ended March 31, 2023, that was issued via webcast on May 4, 2023.”

Clearfield, Inc. reported the second quarter of fiscal 2023 ended March 31, 2023 results: revenue $71.8 million, net income $10.4 million, EPS $0.67 per diluted share. Guidance lowered.

“Clearfield Reports Fiscal Second Quarter 2023 Results Revenue for the Second Quarter of Fiscal 2023 Grew 34% Year-over-Year to $71.8 Million. Net Income for the Second Quarter of Fiscal 2023 Increased 12% Year-over-Year to $10.4 Million, or $0.67 per Diluted Share.”

Clearfield, Inc. shareholders approved To ratify the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the Company for the fiscal year ending September 30, 2023. at the 2023-02-23 meeting.

“5. To ratify the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the Company for the fiscal year ending September 30, 2023. For Against Abstain 12,067,755 56,263 31,144”

Clearfield, Inc. shareholders approved To approve the Company’s 2022 Stock Compensation Plan. at the 2023-02-23 meeting.

“4. To approve the Company’s 2022 Stock Compensation Plan. For Against Abstain Broker Non-Vote 9,897,699 281,357 44,668 1,931,438”

Clearfield, Inc. shareholders approved To approve, on a non-binding advisory basis, the frequency of future advisory votes on executive compensation. at the 2023-02-23 meeting.

“3. To approve, on a non-binding advisory basis, the frequency of future advisory votes on executive compensation. 1 Year 2 Years 3 Years Abstain 9,717,952 23,967 453,195 28,610”

Clearfield, Inc. shareholders approved To approve, on a non-binding advisory basis, the compensation paid to our named executive officers. at the 2023-02-23 meeting.

“2. To approve, on a non-binding advisory basis, the compensation paid to our named executive officers. For Against Abstain Broker Non-Vote 8,612,745 1,502,516 108,463 1,931,438”

Clearfield, Inc. shareholders approved To elect eight (8) directors of the Company to serve until the next Annual Meeting of Shareholders or until their respective successors have been elected and qualified. at the 2023-02-23 meeting.

“1. To elect eight (8) directors of the Company to serve until the next Annual Meeting of Shareholders or until their respective successors have been elected and qualified. Nominee For Against Abstain Broker Non-Vote Cheryl Beranek 10,142,202 61,981 19,541 1,931,438 Ronald G. Roth 9,633,049 570,967 19,708 1,931,438 Patrick Goepel 9,999,192 38,055 186,477 1,931,438 Roger Harding 10,166,366 37,331 20,027 1,931,438 Charles N. Hayssen 10,085,293 118,168 20,263 1,931,438 Donald R. Hayward 9,168,092 1,034,873 20,759 1,931,438 Walter L. Jones, Jr. 9,838,943 364,060 20,721 1,931,438 Carol A. Wirsbinski 10,153,890 50,087 19,747 1,931,438”

Clearfield, Inc. reported financial results for first quarter ended December 31, 2022.

“Clearfield, Inc. (the “Company”) hereby furnishes as Exhibit 99.1 its “FieldReport” relating to the first quarter ended December 31, 2022 that was issued via webcast on February 2, 2023.”

Clearfield, Inc. reported first quarter of fiscal 2023 ended December 31, 2022 results: revenue $ 85.9, net income $ 14.3, EPS $ 1.00. Guidance reaffirmed.

“PRESS RELEASE EdgarFiling EXHIBIT 99.1 Clearfield Reports Fiscal First Quarter 2023 Results Revenue f or the F irst Q uarter of Fiscal 2023 G rew 68 % Year -over- Y ear to $ 86 M illion . Net Income for the First Quarter of Fiscal 2023 Totaled $14.3 Million, or $1.00 per Diluted Share, an Improvement of 37% from $10.4 Million, or $0.75 per Diluted Share,”

Clearfield, Inc. entered into Underwriting Agreement with Cowen and Company, LLC and Needham & Company, LLC valued at $130,410,000 (effective 2022-12-06).

“On December 6, 2022, Clearfield, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Cowen and Company, LLC and Needham & Company, LLC, each acting as representative of the several other underwriters named therein (collectively, the “Underwriters”), in connection with the underwritten public offering by the Company (the “Offering”) of 1,200,000 shares (the “Shares”) of the Company’s common stock, $0.01 par value (“Common Stock”).”

Clearfield, Inc. reported financial results for fourth quarter and fiscal year ended September 30, 2022.

“Clearfield, Inc. (the “Company”) hereby furnishes as Exhibit 99.1 its “FieldReport” relating to the fourth quarter and fiscal year ended September 30, 2022 that was issued via webcast on November 17, 2022.”

Clearfield, Inc. updated its fourth quarter and fiscal year ended September 30, 2022 guidance (initiated).

“On November 17, 2022, Clearfield, Inc. (the “Company”) issued a press release announcing the results of its fourth quarter and fiscal year ended September 30, 2022.”

Carol Wirsbinski was elected as Director at Clearfield, Inc..

“the Board of Director elected Walter Jones, Jr. and Carol Wirsbinski as directors of the Company effective December 3, 2021.”

Walter Jones, Jr. was elected as Director at Clearfield, Inc..

“the Board of Director elected Walter Jones, Jr. and Carol Wirsbinski as directors of the Company effective December 3, 2021.”