Second Quarter 2024 Earnings Call

May 2, 2024 - 5:00 PM ET

Latest Financial Results


Net Sales


Gross Profit


Operating Expenses


Repurchased approximately $12 million in shares under Share Repurchase Program at average price of $27.69, leaving $21 million available for repurchases.

Latest Annual Filing

For Fiscal Year Ending Sep 30, 2023

For complete information regarding our financials, see our periodic filings

Annual Operating Highlights


Net sales for fiscal 2023 were $268.7 million. Organic revenue was $225.7 million, while Nestor Cables generated revenue of $43.0 million in fiscal year 2023. Nestor Cables was acquired during the fourth quarter of fiscal year 2022.


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 Sep. 30, 2023 • Q4 2023 Earnings Release

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Stock Snapshot

A Scalable Fiber Management and Delivery Platform

A Scalable Fiber Management and Delivery Platform

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.

Clearfield at a Glance





16 of 16

Profitable Fiscal Years



The Roadmap for 5G

And Where We Get Involved

View Our Products

Phase 1: Building Fiber Rings

5G requires more fibers per cell tower than 4G; carriers and construction companies are responsible for ensuring more fiber rings are built.

Phase 2: Adding Small Cells to Densify Mesh

Densification requires much more fiber when going from 3G to 4G to 5G; carriers and construction companies are also responsible for this phase.

Phase 3: Integrating Active Cabinets Within the Small Cells

Our products help service providers reduce the high costs associated with deploying, managing, protecting and scaling a fiber-optic network.


Quarterly Financial Performance


(In millions)

Gross Profit

(In millions)

Operating Expenses

(In millions)

Investor Contact Information


Clearfield, Inc.
7050 Winnetka Avenue N
Minneapolis, MN 55428

Investor Relations

The Blueshirt Group
Greg McNiff
T: 773-485-7191

Transfer Agent

EQ Shareowner Services
1110 Centre Pointe Curve
Suite 101
Mendota Heights, MN 55120-4100
T: 800-401-1957

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