GlobeNewswire·Nov 10, 2026, 4:00 PM ET

Clearfield Reports Fourth Quarter and Full Year Fiscal 2026 Results

Fiscal 2026 net sales from continuing operations reached $151.9 million with a gross margin of 32.0% & net income per diluted share of $0.16.
Sales order backlog increased 75% to $43.3 million as of the end of fiscal 2026 compared to $24.7 million in the prior year.
The company began shipments against a previously announced $22 million data center order, marking a milestone in data center business expansion.
Full year fiscal 2027 revenue is expected to range from $195 million to $205 million, representing over 30% growth from fiscal 2026 at the midpoint.
Fiscal Q4 2026 net sales were $39.3 million, a 4% decrease from the prior year quarter, while Q4 gross margin was 30.7%.
CEO Cheri Beranek announced plans to retire effective March 31, 2027, transitioning to President & CEO Emeritus to support leadership succession.
CFO Dan Herzog highlighted $157 million in cash & investments with no debt, alongside $41 million in cumulative free cash flow generated over the past three years.
The company repurchased approximately 60,000 shares for $1.8 million during the three months ended September 30, 2026, with $13.2 million remaining for future repurchases.
Fiscal 2026 operating expenses from continuing operations totaled $50.9 million, a 5% increase from the prior year, while net income from continuing operations declined to $2.1 million.
Management expects fiscal 2027 net income per share to range from $0.25 to $0.46 & Q1 fiscal 2027 net sales to be between $48 million & $52 million.