Clearfield, Inc. (CLFD) Tops Q3 EPS by 14c; Raises Outlook
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Clearfield Reports Record Fiscal Third Quarter and Nine Month 2021 Financial Results
July 22, 2021 4:01 PM EDT49% Increase in Net Sales, Driven by 64% Growth in Community Broadband Revenue Compared to the Same Year-Ago Quarter. Company Backlog Increased 377% to Record $40.3 Million at Quarter End Compared to the Same Year-ago Quarter End and 110% Compared to March 31, 2021Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 44.2% Quarterly Gross Profit Margin for Q3 FY2021Net Income for Q3 2021 Increased 104% to $6.1 Million, or $0.44 per diluted share, an Improvement from $3.0 Million, or $0.22 per diluted share, in the Same Year-ago Quarter Company Raises Fiscal 2021 Net Sales Guidance to $130 Million to $135... More
