Financial Performance - Clearfield's Q4 fiscal year 2025 net sales were $41.1 million, a 13% increase from $36.2 million in the prior year's fourth quarter[77] - Fiscal year 2025 sales grew to $150.1 million, up 20% from $125.6 million in fiscal year 2024; Gross profit margin increased to 33.7% from 20.6%[77] - The company's balance sheet remains strong with $166 million of cash, short-term and long-term investments[76] - Clearfield recorded positive cash flow from continuing operations of approximately $10 million in the fourth quarter and $26.5 million for the full fiscal year 2025, including a reduction of inventory of $13.6 million[76] - The company invested $16.5 million to repurchase 551000 shares during the 12-month period ended September 30, 2025[76] Market Position and Growth Strategy - Clearfield will use its position as a leading provider of fiber distribution and management equipment in the Tier 2 and Tier 3 U S Broadband Service Provider Market for continued growth[24] - Estimated Rural TAM of $6 Billion Over Ten Years[31] - U S Backhaul market by 2030 is projected to be $16 billion, driven by 5G densification which drives fiber transport demand[42] - North America Data Center Capacity is expected to have a CAGR of approximately 16%[53] Future Outlook - The company forecasts annual net sales of $160 million to $170 million and annual net income per share of $0.48 to $0.62[80]

Core Viewpoint - Clearfield, Inc. has increased its share repurchase program from $65 million to $85 million, reflecting the Board's belief that the current share price does not fully represent the company's long-term potential [2]. Group 1: Share Repurchase Program - The Board of Directors has authorized an increase in the share buyback program, allowing for an additional $20 million in repurchases, bringing the total available for repurchase to approximately $28.4 million when combined with the remaining $8.4 million as of September 30, 2025 [2]. - The repurchase program will be executed through various methods, including open-market transactions and block trades, in accordance with relevant securities regulations [2][3]. - The program does not obligate Clearfield to repurchase a specific amount of stock during any period and will be funded by cash on hand [3]. Group 2: Company Overview - Clearfield, Inc. specializes in designing, manufacturing, and distributing fiber optic management, protection, and delivery products for communications networks [4]. - The company serves a diverse range of markets, including traditional and alternative carriers, cable TV companies, utilities, enterprises, data centers, and military sectors [4]. - Clearfield is headquartered in Minneapolis, MN, and deploys over one million fiber ports annually [4].

Core Viewpoint - Clearfield, Inc. has increased its share repurchase program from $65 million to $85 million, reflecting the Board's belief that the current share price does not fully represent the company's long-term potential [2]. Share Repurchase Program - The Board of Directors has authorized an increase in the share buyback program, leaving approximately $28.4 million available for additional repurchases, in addition to the $8.4 million remaining as of September 30, 2025 [2]. - The repurchase program allows Clearfield to buy shares through various methods, including open-market transactions and block trades, in accordance with relevant securities regulations [2][3]. - The program does not obligate the company to repurchase a specific amount of stock during any period and will be funded by cash on hand [3]. Company Overview - Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks, serving various markets including traditional and alternative carriers, utilities, enterprises, and military [4]. - The company is headquartered in Minneapolis, MN, and deploys over a million fiber ports each year [4].

Financial Performance - Clearfield's net sales from continuing operations for Q4 2025 were $41.1 million, a 13% increase from $36.2 million in Q4 2024[3] - Gross profit for Q4 2025 was $14.2 million, representing a 48% increase compared to $9.6 million in the same quarter last year[3] - The gross margin improved to 34.6% in Q4 2025, up from 26.6% in Q4 2024, reflecting an 8 percentage point increase[3] - For the full fiscal year 2025, net sales from continuing operations reached $150.1 million, a 20% increase from $125.6 million in fiscal 2024[4] - Net sales for the year ended September 30, 2025, were $150,134,000, representing a 19.6% increase from $125,568,000 in 2024[21] - Gross profit for the year ended September 30, 2025, was $50,537,000, compared to $25,847,000 in 2024, indicating a significant improvement in profitability[21] - The company reported a net loss of $8,050,000 for the year ended September 30, 2025, compared to a net loss of $12,453,000 in 2024[21] - Income from continuing operations before income taxes for 2025 was $8,667,000, a recovery from a loss of $11,762,000 in 2024[21] Operating Expenses - Operating expenses for fiscal 2025 increased 7% to $48.4 million, but as a percentage of sales, they decreased to 32.3% from 35.9% in fiscal 2024[13] - Operating expenses for the year ended September 30, 2025, were $48,419,000, up from $45,081,000 in 2024, indicating increased operational costs[21] Cash and Liquidity - Cash and cash equivalents increased to $21,493,000 in 2025 from $14,148,000 in 2024, reflecting improved liquidity[24] - Cash and cash equivalents at the end of the period increased to $21,493,000 from $14,148,000, representing a growth of 51.5%[28] - Net cash provided by operating activities was $2,897,000, compared to $4,453,000 in the previous period, indicating a decrease of 34.8%[28] - The net increase in cash and cash equivalents was $6,268,000, contrasting with a decrease of $21,660,000 in the previous period[28] Shareholder Actions - Clearfield's Board of Directors increased the share repurchase program authorization from $65 million to $85 million, reflecting confidence in the company's market opportunity[4] - The company repurchased common stock amounting to $16,653,000, a significant reduction from $33,374,000 in the prior period[28] Inventory and Assets - The company experienced a significant increase in inventories, which rose to $42,031,000 in 2025 from $56,096,000 in 2024[24] - Total current assets decreased to $198,488,000 as of September 30, 2025, down from $229,595,000 in 2024[24] - The company’s total assets decreased to $306,173,000 in 2025 from $315,275,000 in 2024[24] Future Outlook - Clearfield expects fiscal 2026 revenue from continuing operations to be between $160 million and $170 million, with EPS projected between $0.48 and $0.62[4] Divestitures - The company divested its European Nestor Cables business to focus on higher-return opportunities in North America[6] Other Financial Metrics - The weighted average shares outstanding for basic earnings per share were 13,989,489 in 2025, compared to 14,582,450 in 2024, indicating a reduction in share count[22] - Cash paid for income taxes was $1,670,000, up from $160,000, reflecting a substantial increase[28] - The company reported a net cash used in investing activities of $1,796,000, slightly higher than $1,627,000 in the prior period[28] - Cashless exercise of stock options amounted to $2,533,000, compared to $19,000 previously[28] - The effect of exchange rates on cash and cash equivalents resulted in a decrease of $97,000[28] - The net cash provided by discontinued operations was $4,101,000, compared to a cash outflow of $791,000 in the previous period[28] - Right of use assets obtained through lease liabilities were recorded at $4,364,000[28]

Core Insights - Clearfield, Inc. reported a strong financial performance for fiscal year 2025, with net sales from continuing operations increasing by 20% to $150.1 million and gross profit margin improving significantly from 20.6% to 33.7% [3][10][11] - The company achieved a net income from continuing operations of $6.3 million, translating to earnings per share of $0.45, a substantial recovery from a net loss per share of $(0.58) in fiscal 2024 [4][12] - Clearfield anticipates continued growth in fiscal 2026, projecting revenue from continuing operations between $160 million and $170 million, and earnings per share in the range of $0.48 to $0.62 [3][13] Financial Performance - In Q4 2025, net sales from continuing operations reached $41.1 million, a 13% increase from $36.2 million in Q4 2024 [2][7] - Gross profit for Q4 2025 was $14.2 million, with a gross margin of 34.6%, up from 26.6% in the same quarter last year [2][8] - Operating expenses for Q4 2025 were $13.3 million, representing 32.3% of sales, a decrease from 33.4% in Q4 2024 [9][12] Strategic Developments - The company divested its European Nestor Cables business to focus on higher-return opportunities in North America, which aligns with its "Better Broadband and Beyond" strategy [5][6] - Clearfield's order backlog as of September 30, 2025, was $24.7 million, reflecting a decrease of 20% from the previous quarter but a 9% increase year-over-year [7] - The Board of Directors increased the share repurchase program authorization from $65 million to $85 million, indicating confidence in the company's market position [3][5] Outlook - For Q1 fiscal 2026, Clearfield expects net sales from continuing operations to be between $30 million and $33 million, with operating expenses remaining consistent with Q4 2025 [14] - The company does not foresee significant impacts from the results of discontinued operations on net income per share for the upcoming quarter [14] - Clearfield's management remains committed to disciplined growth and operational efficiency, despite potential pressures from external factors such as government funding delays [13][14]

MINNEAPOLIS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in Community Broadband fiber connectivity, today announced that it has divested its Nestor Cables business through a management buyout led by certain members of the Nestor Cables management team. Nestor Cables designs and manufactures fiber optic cables, connectivity accessories for fiber optic networks and instrumentation, and the Nestor Optimus product family for microduct networks for sale into the European market. N ...

MINNEAPOLIS, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the fourth quarter of fiscal 2025, ended September 30, 2025, on Tuesday, November 25, 2025, before the market open. The company will host a conference call at 8:30 a.m. Eastern time (7:30 a.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relati ...

Core Insights - Clearfield, Inc. has announced the election of Rebecca Seidel and Kathleen Skarvan to its Board of Directors, effective December 10, 2025 [1][2] - The new board members are expected to enhance the board's collective strength and support Clearfield's long-term growth [2] Board Member Contributions - Rebecca Seidel brings over 20 years of experience in MedTech, currently serving as Senior Vice President and President of Cardiac Ablation Solutions at Medtronic, overseeing a $1 billion revenue business [3] - Kathleen Skarvan has extensive experience as a Board Director and CEO, previously serving as President and CEO of Electromed, Inc., and has a strong background in high technology executive roles [3] Company Overview - Clearfield, Inc. specializes in designing, manufacturing, and distributing fiber optic management solutions, playing a critical role in enabling broadband operators to close the digital divide [4] - The company is headquartered in Minneapolis, MN, and deploys over a million fiber ports each year [4]

Core Insights - Clearfield, Inc. has announced executive leadership changes to support its growth and enhance its sales and marketing organization [1] Leadership Changes - Anis Khemakhem has been appointed as Chief Commercial Officer (CCO), expanding his role to oversee the global sales organization in addition to marketing [1] - Khemakhem joined Clearfield in 2024 as Vice President [1]

Company Overview - Clearfield, Inc. (NASDAQ: CLFD) specializes in modular fiber solutions aimed at facilitating rapid and cost-effective broadband deployment, particularly in underserved rural areas [1] Product Portfolio - The company's product offerings include the ClearView Cassette platform, FiberFlex cabinets, and the new TetherSmart solutions, which are designed to enhance fiber expansion capabilities [1]