Quarterly ResultMay 6, 2026, 04:01 PM
Clearfield Q2 Net Sales $34.4M, Net Loss $0.04/Share; Reiterates FY26 Guidance
AI Summary
Clearfield reported fiscal Q2 2026 net sales from continuing operations of $34.4 million and a net loss per diluted share of $0.04, both towards the top end of its guidance range. Net sales decreased 15% year-over-year, while the company shifted from a net income of $0.18 per share in Q2 2025 to a net loss. Despite the decline in quarterly sales and profitability, order backlog significantly increased by 39% quarter-over-quarter to $31.6 million, and the company reiterated its full-year fiscal 2026 guidance for net sales of $160 million to $170 million and EPS of $0.48 to $0.62. Clearfield also repurchased $7.3 million in shares during the quarter.
Key Highlights
- Q2 2026 net sales from continuing operations: $34.4 million, a 15% decrease YoY.
- Q2 2026 net loss per diluted share from continuing operations: $0.04, compared to $0.18 income YoY.
- Order backlog increased 39% quarter-over-quarter to $31.6 million as of March 31, 2026.
- 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.
- Repurchased $7.3 million in shares during Q2 2026, with $15.9 million remaining.
- Q3 2026 net sales expected to be in the range of $42 million to $46 million.
- Q3 2026 net income per share expected to be in the range of $0.17 to $0.21.