Clearfield Q3 2023 Earnings Report

Clearfield EPS Results

• Actual EPS: $0.33
• Consensus EPS: $0.09
• Beat/Miss: Beat by +$0.24
• One Year Ago EPS: $0.92

Clearfield Revenue Results

• Actual Revenue: $61.30 million
• Expected Revenue: $53.82 million
• Beat/Miss: Beat by +$7.48 million
• YoY Revenue Growth: -15.20%

Clearfield Announcement Details

• Quarter: Q3 2023
• Date: 8/3/2023
• Time: After Market Closes

Clearfield (NASDAQ:CLFD) manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products. It also provides CraftSmart FiberFirst pedestals, an access terminal that offers a cable management and mounting bracket kit to support the deployment of access terminals; YOURx, an access terminal that provides flexibility with cable mid-span and internal splicing options; and FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment. In addition, the company offers fiber assemblies; fiber optic and copper cables, microducts, microduct accessories, and tools; and installation and connection accessories for fiber optic networks. It serves community broadband customers, multiple system operators, large regional service providers, and wireline/wireless national telco carriers. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was incorpoarted in 1979 and is headquartered in Minneapolis, Minnesota.