Clearfield, Inc. (CLFD) Tops Q2 EPS by 10c, Revenues Beat

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Go back to Clearfield, Inc. (CLFD) Tops Q2 EPS by 10c, Revenues Beat

Clearfield Reports Record Fiscal Second Quarter and Six Month 2021 Financial Results

April 22, 2021 4:00 PM EDT

Company Introduces Fiscal 2021 Net Sales Guidance of $120 Million to $125 Million, Representing 32% Year-over-Year Growth at the Midpoint; Net Income Projected at or above 12% of Net Sales.45% Increase in Net Sales, Driven by 68% Growth in Community Broadband Revenue and 60% Growth in MSO Revenue for Q2 2021, Compared to the Same Year-ago Quarter Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 43.6% Second Quarterly Gross Profit MarginNet Income for Q2 2021 Increased 387% to $3.6 Million, or $0.27 per diluted... More