Earnings Releases·Nov 10, 2026, 4:00 PM ET

Clearfield — Fiscal 2026 Earnings Summary

Full-year fiscal 2026 net sales rose 1% to $151.9 million, though Q4 sales declined 4% to $39.3 million; net income fell to $2.1 million ($0.16/share) from $6.3 million in the prior year, driven by a Q4 net loss of $73,000 and a gross margin contraction to 32.0%.
The company issued full-year fiscal 2027 revenue guidance of $195 million to $205 million, representing approximately 30% growth at the midpoint, with Q1 2027 sales expected between $48 million and $52 million.
Strategic momentum is evident with a 75% increase in sales order backlog to $43.3 million and the commencement of shipments on a $22 million data center order, while the company continues share repurchases with $13.2 million remaining in the authorization.
Management announced that CEO Cheri Beranek plans to retire effective March 31, 2027, and highlighted a strong balance sheet with $157 million in cash and no debt, alongside a backlog of $43.3 million.