Clearfield Reports Third Quarter Fiscal 2026 Results

Clearfield, Inc. reported its third quarter fiscal 2026 results, with net sales from continuing operations reaching $43.9 million, a 13% increase compared to the same quarter last year. However, gross profit margin decreased to 31.8% from 35.3% in the prior year's third quarter, impacted by an inventory charge and offset by inventory recoveries and tariff refunds. Income from operations from continuing operations saw a significant increase of 68% to $2.6 million. Net income from continuing operations was $3.0 million, or $0.22 per diluted share, up from $2.3 million, or $0.16 per diluted share, in the prior year's quarter. The company also announced receiving a significant $22 million order for a hyperscale data center project, with shipments expected to begin in early fiscal 2027. Despite these positive operational results, Clearfield is reducing its outlook for fiscal 2026 due to industry demand constraints and supply chain issues, now expecting net sales between $151 million and $155 million and net income per share between $0.14 and $0.21. For the fourth quarter of fiscal 2026, net sales are projected to be between $38 million and $42 million, with net income per share ranging from $0.00 to $0.07.