AI Earnings Predictions for Clearfield Inc. (CLFD)

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EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Clearfield Reports Second Quarter Fiscal 2026 Results

Net sales from continuing operations of $34.4 million and net loss per share from continuing operations of $0.04, both toward top end of guidance range

Order backlog increased 39% from December 31, 2025, to $31.6 million

Reiterates full year fiscal 2026 guidance of net sales from continuing operations in the range of $160 million to $170 million, which represents approximately 10% topline growth at the midpoint, and EPS of $0.48 to $0.62

Share buybacks totaled $7.3 million with $15.9 million remaining available for repurchase

MINNEAPOLIS, May 06, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2026. Additional commentary is provided in a letter to shareholders available in the Investor Relations section of the Company’s website.

Fiscal Q2 2026 Financial Summary

(in millions except per share data and percentages)Q2 2026vs. Q2 2025ChangeChange (%)

Net Sales from Continuing Operations$34.4 $40.6 $(6.2)-15%

Gross Profit ($) from Continuing Operations$11.2 $14.0 $(2.8)-20%

Gross Profit (%) from Continuing Operations 32.5% 34.4% -1.9%-6%

(Loss) Income from Operations from Continuing Operations$(2.1)$1.7 $(3.8)-223%

Income Tax (Benefit) Expense from Continuing Operations$(0.2)$0.7 $(0.9)-124%

Net (Loss) Income from Continuing Operations$(0.5)$2.5 $(3.1)-121%

Net (Loss) Income per Diluted Share from Continuing Operations$(0.04)$0.18 $(0.22)-122%

Net Loss from Discontinued Operations, net of tax$- $(1.2)$1.2 100%

Net Loss per Diluted Share from Discontinued Operations$- $(0.09)$0.09 100%

Consolidated Net (Loss) Income Per Diluted Share$(0.04)$0.09 $(0.13)-144%

Fiscal Q2 YTD 2026 Financial Summary

(in millions except per share data and percentages)2026 YTDvs. 2025 YTDChangeChange (%)

Net Sales from Continuing Operations$68.7 $70.3 $(1.6)-2%

Gross Profit ($) from Continuing Operations$22.5 $22.6 $(0.1)-0%

Gross Profit (%) from Continuing Operations 32.8% 32.2% 0.6%2%

Loss from Operations from Continuing Operations$(3.9)$(0.4)$(3.5)971%

Income Tax (Benefit) Expense from Continuing Operations$(0.2)$0.8 $(1.0)-123%

Net (Loss) Income from Continuing Operations$(0.8)$2.2 $(3.0)-137%

Net (Loss) Income per Diluted Share from Continuing Operations$(0.06)$0.16 $(0.22)-138%

Net Loss from Discontinued Operations, net of tax$(0.3)$(2.8)$2.4 88%

Net Loss per Diluted Share from Discontinued Operations$(0.02)$(0.20)$0.18 90%

Consolidated Net Loss Per Diluted Share$(0.08)$(0.04)$(0.04)-100%

Management Commentary “We are focused on consistent execution while investing in Clearfield’s next phase of growth. We continue to see an early engagement in adjacent markets, with a particularly strong reception for bringing our proven outside plant techniques and strategies to datacenter environments,” said Company President and Chief Executive Officer, Cheri Beranek. “While these opportunities have yet to contribute meaningful revenue, they represent a compelling avenue for future expansion and early indications are encouraging.”

“We are pleased to report revenue and earnings in-line with our guidance. While lumpy on a quarter-over-quarter basis, performance has been driven by a year-to-date revenue increase of 5% in our Community Broadband segment,” said Chief Financial Officer, Dan Herzog. “With backlog up 39% from last quarter, the Company is positioned to achieve our annual guidance of 7% to 14% revenue growth and a return to profitability. We remain committed to our long-term strategy demonstrated by the continued execution of our stock buy-back program this past quarter.”

Financial Results for the Three Months Ended March 31, 2026 Net sales from continuing operations for the second quarter of fiscal 2026 decreased 15% to $34.4 million from $40.6 million in the same year-ago quarter partially due to a pull-in by a large customer into last year’s second quarter from our fiscal year 2025 third quarter.

As of March 31, 2026, order backlog (defined as purchase orders received but not yet fulfilled) was $31.6 million, an increase of $8.9 million, or 39%, compared to $22.8 million as of December 31, 2025, and an increase of $3.5 million, or 12%, from March 31, 2025.

Gross margin from continuing operations for the second quarter of fiscal 2026 was 32.5%, down from 34.4% in the prior year’s second quarter and down slightly from 33.2% in the first quarter of fiscal 2026.

Operating expenses from continuing operations for the second quarter of fiscal 2026 increased 8% to $13.2 million, or 38.5% of net sales, from $12.3 million, or 30.2% of net sales, in the same year-ago quarter.

Net loss from continuing operations for the second quarter of fiscal 2026 totaled $0.5 million, or a net loss of $0.04 per diluted share, compared to net income of $2.5 million, or $0.18 per diluted share, in the same year-ago quart

Form 8-KFalse000079650500007965052026-02-042026-02-04iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  February 4, 2026

CLEARFIELD, INC.

(Exact name of registrant as specified in its charter)

Minnesota000-1610641-1347235 (State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.) 7050 Winnetka Avenue North, Suite 100 Brooklyn Park, Minnesota 55428 (Address of Principal Executive Offices) (Zip Code) (763) 476-6866 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 par valueCLFDThe Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On February 4, 2026, Clearfield, Inc. (the “Company”) issued a press release announcing the results of its first quarter of fiscal 2026 ended December 31, 2025. A copy of that press release is furnished hereto as Exhibit 99.1 and is hereby incorporated by reference.

The information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any Company filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are being furnished herewith:

99.1 Press release of Clearfield, Inc. dated February 4, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CLEARFIELD, INC.

Date: February 4, 2026By: /s/ Cheryl Beranek Cheryl Beranek President and Chief Executive Officer