Quarterly ResultAug 6, 2026, 05:14 PM
Clearfield Q3 Net Income $3.0M; Sales $43.9M
AI Summary
Clearfield, Inc. reported strong financial results for the third quarter ended June 30, 2026, with net income increasing to $3.0 million and net sales rising to $43.9 million compared to the prior year. For the nine-month period, net income grew to $1.9 million and net sales reached $112.6 million. The company's financial statements reflect the completed sale of its Nestor Cables business in November 2025, which significantly impacted discontinued operations and balance sheet figures.
Key Highlights
- Net income for Q3 2026 increased to $3.0 million from $1.6 million year-over-year.
- Net sales for Q3 2026 rose to $43.9 million from $38.8 million year-over-year.
- Basic EPS from continuing operations for Q3 2026 was $0.22, up from $0.16 year-over-year.
- Nine-month net income increased to $1.9 million from $1.0 million year-over-year.
- Nine-month net sales increased to $112.6 million from $109.1 million year-over-year.
- Company completed the sale of its Nestor Cables business on November 11, 2025.
- Total assets decreased to $267.1 million from $306.2 million since September 30, 2025.
- Repurchased $13.5 million of common stock in the nine months ended June 30, 2026.
Price Impact
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