Quarterly ResultAug 5, 2026, 04:04 PM
Clearfield Q3 Net Sales +13% to $43.9M; Cuts FY26 Outlook
AI Summary
Clearfield reported strong third-quarter fiscal 2026 results, with net sales up 13% to $43.9 million and diluted EPS from continuing operations increasing 38% to $0.22. The company also announced a significant $22 million order for a hyperscale data center project received after the quarter's close. However, the order backlog saw a substantial 34% decrease, and Clearfield reduced its full-year fiscal 2026 outlook for both net sales and EPS, citing industry demand constraints.
Key Highlights
- Q3 2026 Net Sales from continuing operations increased 13% to $43.9 million.
- Q3 2026 Net Income from continuing operations rose 29% to $3.0 million.
- Q3 2026 Diluted EPS from continuing operations was $0.22, up 38%.
- Received a $22 million order for a hyperscale data center project post-quarter end.
- Order backlog decreased 34% to $21.0 million as of June 30, 2026.
- Repurchased $0.9 million in shares, with $15.0 million remaining for buybacks.
- Fiscal 2026 net sales outlook reduced to $151M-$155M, EPS to $0.14-$0.21.
- Q4 2026 net sales expected to be $38M-$42M, EPS $0.00-$0.07.
Price Impact
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