Quarterly ResultMay 6, 2026, 04:03 PM
Clearfield Q2 Net Sales $34.4M, Net Loss $0.04/Share; Backlog +39%
AI Summary
Clearfield, Inc. reported its second quarter fiscal 2026 results, with net sales from continuing operations of $34.4 million and a net loss of $0.04 per diluted share, both towards the top end of its guidance range. Despite a year-over-year decline in sales and profitability, the company experienced a significant 39% increase in order backlog from the previous quarter, reaching $31.6 million. Clearfield reiterated its full-year fiscal 2026 guidance for net sales and EPS, signaling an expected return to profitability and growth, and continued its share buyback program.
Key Highlights
- Q2 2026 Net Sales from continuing operations: $34.4 million, down 15% from Q2 2025.
- Q2 2026 Net Loss per Diluted Share from continuing operations: $(0.04), compared to $0.18 income in Q2 2025.
- Order backlog as of March 31, 2026: $31.6 million, up 39% from December 31, 2025.
- Q2 2026 Gross Profit Margin from continuing operations: 32.5%, down from 34.4% in Q2 2025.
- Share buybacks in Q2 2026: $7.3 million for 237,000 shares; $15.9 million remains available.
- Reiterated full-year fiscal 2026 net sales guidance: $160 million to $170 million.
- Reiterated full-year fiscal 2026 EPS guidance: $0.48 to $0.62.
- Q3 fiscal 2026 net sales guidance: $42 million to $46 million.
Price Impact
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