Quarterly ResultMay 7, 2026, 10:07 AM
Clearfield Q1 Net Loss $0.53M; Sales Down 15.4% to $34.39M
AI Summary
Clearfield, Inc. reported a net loss of $0.53 million, or $0.04 per diluted share, for the three months ended March 31, 2026, a significant decline from a net income of $1.33 million, or $0.09 per diluted share, in the prior year. Net sales decreased by 15.4% to $34.39 million. The company also completed the sale of its Nestor Cables business in November 2025 and repurchased $7.32 million in common stock during the quarter.
Key Highlights
- Net sales for Q1 2026 decreased 15.4% to $34.39 million from $40.62 million in Q1 2025.
- Net loss for Q1 2026 was $0.53 million, compared to net income of $1.33 million in Q1 2025.
- Diluted EPS for Q1 2026 was $(0.04), down from $0.09 in Q1 2025.
- Gross profit for Q1 2026 fell to $11.16 million from $13.96 million in Q1 2025.
- Company completed the sale of its Nestor Cables business on November 11, 2025.
- Repurchased $7.32 million of common stock during the three months ended March 31, 2026.
- Cash and cash equivalents decreased to $9.40 million from $21.49 million since September 30, 2025.
- Total assets decreased to $263.55 million from $306.17 million since September 30, 2025.