Clearfield, Inc.

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.

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.

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.

Clearfield, Inc. entered into Amendment No. 3 to its Loan Agreement with Old National Bank, extending the maturity of its line of credit from April 25, 2026, to July 24, 2026. The amendment incorporates updated interest and payment provisions, including a SOFR-based floating rate with an initial 5.50% and an applicable margin of 1.85%. Additionally, the agreement now includes several new events that constitute a default and a jury trial waiver.

Clearfield, Inc. announced it will release its second-quarter fiscal 2026 financial results on Wednesday, May 6, 2026, after the market closes. The results pertain to the period ended March 31, 2025. The company will host a conference call at 5:00 p.m. Eastern time to discuss these financial results with the investment community. Investors can find the results and a shareholder letter on the company's Investor Relations website.