UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number 0-16106 Clearfield, Inc. (Exact name of Registrant as specified in its charter) Minnesota 41-1347235 (State ...

Clearfield, Inc. (NASDAQ:CLFD) Q2 2022 Earnings Conference Call April 28, 2022 5:00 PM ET Company Participants Cheri Beranek - President and Chief Executive Officer Dan Herzog - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Tim Savageaux - Northland Capital Markets Ryan Koontz - Needham Operator Good afternoon. Welcome to Clearfield's Fiscal Second Quarter 2022 Earnings Conference Call. My name is Hemant and I will be your operator this afternoon. Joining us for today's ...

FieldReport | --- | --- | |----------------|-------| | | | | | | | April 28, 2022 | | Important Cautions Regarding ForwardLooking Statements Forward-looking statements contained herein and in any related presentation or in the related Earnings Release are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "outlook," or "continue" or comparable terminology are intended to identify forward-lookin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ | --- | --- | |--------------------------------------------------------------|--------------------------------------------| | C ...

FieldReport | --- | --- | |------------------|-------| | | | | | | | | | | January 27, 2022 | | Important Cautions Regarding ForwardLooking Statements Forward-looking statements contained herein and in any related presentation or in the related Earnings Release are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "outlook," or "continue" or comparable terminology are intended to identify forw ...

Clearfield, Inc. (NASDAQ:CLFD) Q1 2022 Earnings Conference Call January 27, 2022 5:00 PM ET Company Participants Cheri Beranek - President and CEO Dan Herzog - CFO Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Ryan Koontz - Needham Tim Savageaux - Northland Capital Markets Operator Good afternoon. Welcome to Clearfield's Fiscal First Quarter 2022 Earnings Conference Call. My name is Paul, and I will be your operator this afternoon. Joining us for today's presentation are the com ...

Financial Performance - Net sales for fiscal year 2021 increased 51%, or $47,681,000, to $140,755,000 from $93,075,000 in 2020[155] - Gross profit increased 61%, or $23,264,000, from $37,914,000 in fiscal year 2020 to $61,178,000 in fiscal year 2021, with a gross profit margin of 43.5%[159] - Income from operations for fiscal year 2021 was $25,234,000, up from $8,384,000 in fiscal year 2020[162] - Net income for fiscal year 2021 was $20,327,000, or $1.48 per basic share, compared to $7,293,000, or $0.53 per basic share for fiscal year 2020, representing an increase of 178%[165] Sales and Revenue Sources - Sales to broadband service providers accounted for 98% of net sales in fiscal year 2021, totaling $138,021,000, compared to $89,571,000, or 96%, in fiscal 2020[156] - International sales represented 7% of net sales in fiscal year 2021, up from 4% in fiscal year 2020[155] - The increase in net sales was primarily driven by a $38,920,000 increase in sales to Community Broadband and MSO customers[157] Expenses and Costs - Selling, general and administrative expenses for fiscal year 2021 were $35,944,000, an increase of 22% compared to $29,530,000 in fiscal year 2020[161] - Cost of sales for fiscal year 2021 was $79,578,000, an increase of 44% from $55,160,000 in fiscal year 2020[159] - Income tax expense for fiscal year 2021 was $5,407,000, an increase of $3,545,000 from $1,862,000 in fiscal year 2020, with the tax expense rate rising to 21.0% from 20.3%[164] Cash Flow and Investments - As of September 30, 2021, the company had combined cash and investments of $60,503,000, up from $52,175,000 as of September 30, 2020[166] - Net cash generated from operations for fiscal year 2021 totaled $10,903,000, compared to $6,656,000 for fiscal year 2020, reflecting a significant increase in operational efficiency[169][170] - The company invested $24,809,000 in FDIC-backed certificates of deposit and U.S. Treasuries during fiscal year 2021, resulting in cash used in investing activities of $13,600,000[171] - The net cash used in financing activities for fiscal year 2021 was $536,000, compared to $247,000 for fiscal year 2020, indicating increased financial activity related to employee stock options[174][175] Operational Challenges and Future Plans - The company experienced increased material and supply chain transportation costs due to COVID-19, which are expected to continue in fiscal year 2022[159] - The company plans to continue investing in information technology and manufacturing equipment, including expansion into a new 318,000 square foot leased facility[171] - The company intends to utilize available cash and assets for organic growth and potential strategic transactions, including a share repurchase program[167] Financial Health - The company had no long-term debt obligations as of September 30, 2021, maintaining a strong liquidity position[166] - Days sales outstanding increased from 38 to 39 days from September 30, 2020, to September 30, 2021, indicating a slight delay in receivables collection[169]

Clearfield, Inc. (NASDAQ:CLFD) Q4 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Cheri Beranek - Chief Executive Officer Dan Herzog - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Operator Good afternoon. Welcome to Clearfield's fiscal fourth quarter and full year 2021 earnings conference call. I will be your operator this afternoon. Joining us for today's presentation are the company's president and CEO, Cheri Beranek, and CFO, Dan Herzog. ...

November 4, 2021 Fiscal Q4 & 2021 Earnings Call FieldReport expected future demand, and trends in and growth of the FTTx markets, market segments or customer Forward-looking statements contained herein and in any related presentation or in the related Earnings Release are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "outlook," or "continue" or comparable terminology are intended to identi ...

FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD The Industry Leader in Craft Friendly Fiber Optic Management and Connectivity Solutions Fiscal Q3 2021 Earnings Call FieldReport FieldReport / Fiscal Q3 2021 Earnings Call / July 22, 2021 NASDAQ:CLFD Important Cautions Regarding Forward-Looking Statements Forward-looking statements contained herein and in any related presentation or in the related Earnings Release are made pursuant to the safe harbor provisions of the Private Litigation ...