Business
Clearfield Reports Second Quarter Fiscal 2025 Results
Company returns to profitability, generating net income per diluted share of $0.09Revenue of $47.2 million driven by 47% year-over-year growth in the
About this update from Clearfield, Inc.
[{"type":"text","content":"Company returns to profitability, generating net income per diluted share of $0.09Revenue of $47.2 million driven by 47% year-over-year growth in the Clearfield SegmentCompany focused on executing to opportunity, yet economic uncertainty leads the Company to reiterate fiscal 2025 net sales guidance in the range of $170 million to $185 million MINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2025. Fiscal Q2 2025 Financial Summary (in millions except per share data and percentages)Q2 2025vs. Q2 2024Change Change (%)Net Sales$47.2$36.9$10.328% Gross Profit ($)$14.2$2.8$11.4401%Gross Profit (%)30.1%7.7%22.4%292% Income (Loss) from Operations$0.3$(9.7)$10.0103%Income Tax Expense (Benefit)$0.5$(2.1)$2.5122% Net Income (Loss)$1.3$(5.9)$7.2122%Net Income (Loss) per Diluted Share$0.09$(0.40)$0.49123% Fiscal Q2 YTD 2025 Financial Summary (in millions except per share data and percentages)2025 YTDvs. 2024 YTD Change Change (%)Net Sales$ 82.6$ 71.1$ 11.516% Gross Profit ($)$ 22.4$ 7.5$ 14.8197%Gross Profit (%)27.1%10.6%16.5%156% Loss from Operations$ (3.7)$ (17.9)$ 14.2-79%Income Tax Expense (Benefit)$ 0.0$ (3.0)$ 3.0-100% Net Loss$ (0.6)$ (11.2)$ 10.6-95%Net Loss per Diluted Share$ (0.04)$ (0.75)$ 0.71-95% Management Commentary “Our net sales outperformance in the second quarter was driven by strong customer demand across all our Clearfield segment end markets and solid execution, as we converted quoting activity into revenue at a faster pace and higher rate than anticipated,” said Company President and Chief Executive Officer, Cheri Beranek. “Despite the current level of macro uncertainty, we remain confident in our ability to take market share as the industry returns to normalized demand and ordering patterns.” “Our strong bottom-line performance and continued gross margin improvements were primarily driven by lower excess inventory reserve costs and higher production volumes in the Clearfield segment,” said Chief Financial Officer Dan Herzog. “We are also actively taking steps to navigate the near-term tariff environment. As we currently understand the tariff environment, we do not believe the tariffs in their present form will materially affect our operating results.” Financial Results for the Three Months Ended March 31, 202...