Net sales for fiscal 2023 decreased 0.8% to $268.7 million from $270.9 million in fiscal 2022. Organic revenue decreased 14.4% year-over-year to $225.7 million.
Fourth Quarter 2024 Earnings Call
Quarter Ended Jun 30, 2024
Net Sales
Gross Profit
Operating Expenses
Repurchased approximately $5.5 million in shares under Share Repurchase Program.
For Fiscal Year Ending Sep 30, 2023
For complete information regarding our financials, see our periodic filings
Net sales for fiscal 2023 decreased 0.8% to $268.7 million from $270.9 million in fiscal 2022. Organic revenue decreased 14.4% year-over-year to $225.7 million.
Net income for the year ended September 30, 2023 totaled $32.5 million, or $2.17 per diluted share, compared to $49.4 million, or $3.55 per diluted share, in fiscal year 2022.
As of September 30, 2023 • Q4 2023 Earnings Release
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Clearfield, Inc. (NASDAQ: CLFD) designs, manufactures and distributes fiber optic management, protection and delivery products for communications networks. Our “fiber to anywhere” platform serves the unique requirements of leading ILECS, CLECs, MSO/cable TV companies, and the broadband needs of the Utility/Municipality, Enterprise, Data Center and Military markets. Clearfield offers the industry’s only fiber management and delivery platform that scales to align capital equipment expenditure alongside subscriber revenue through a single architecture.
To be an industry leader means knowing the customer’s requirements, and then exceeding them. Clearfield leads the industry by helping service providers reduce the high costs associated with deploying, managing, protecting and scaling a fiber optic network. We do this by bringing customer-focused designs to the marketplace, building simplicity into the design and delivering the lowest total cost of ownership.
Headquartered in Minneapolis, MN, Clearfield deploys millions of fiber ports each year throughout North America and beyond.
Founded
Customers
Profitable Fiscal Years
Employees
Clearfield, Inc.
7050 Winnetka Avenue N
Minneapolis, MN 55428
The Blueshirt Group
Greg McNiff
T: 773-485-7191
clearfield@blueshirtgroup.com
EQ Shareowner Services
1110 Centre Pointe Curve
Suite 101
Mendota Heights, MN 55120-4100
T: 800-401-1957
www.shareowneronline.com
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