Clearfield (CLFD) Company Report

Clearfield reported Q4 2025 net sales from continuing operations of $41.1 million, a 13% increase year-over-year, and full-year net sales of $150.1 million, up 20% from fiscal year 2024. Net income per share from continuing operations was $0.13 for Q4 and $0.45 for the full fiscal year.
The company divested its Nestor Cables business on November 12, 2025, classifying it as discontinued operations, which resulted in a $10.4 million non-cash write-down in Q4. This move allows Clearfield to redeploy resources towards its core North American operations and improve its long-term margin profile.
For fiscal year 2026, Clearfield expects net sales from continuing operations to be in the range of $160 million to $170 million and earnings per share between $0.48 and $0.62. The company anticipates Q1 2026 net sales of $30 million to $33 million and a net loss per share of $0.08 to break-even, partly due to pressure from BEAD program delays and a government shutdown.
Clearfield plans to launch a complete line of splice cases in Q1 calendar 2026 and a next-generation fiber management cassette optimized for non-hyperscale data centers, with these new products expected to contribute more significantly to revenue in 2027.

Nov 25, 2025, 1:30 PM

Clearfield Announces Q4 and Fiscal Year 2025 Results and Fiscal Year 2026 Outlook

CLFD

Earnings

Guidance Update

Share Buyback

Clearfield reported Q4 2025 net sales of $41.1 million, a 13% increase from the prior year's fourth quarter, contributing to fiscal year 2025 net sales of $150.1 million, up 20% from fiscal 2024.
For fiscal year 2025, the company achieved a gross profit margin of 33.7% and net income per share of $0.49, a significant improvement from a net loss per share of $(0.58) in fiscal 2024.
The company maintains a strong balance sheet with $166 million in cash, short-term and long-term investments as of September 30, 2025, and repurchased $16.5 million in shares during fiscal year 2025, with $28.4 million remaining under its expanded buyback authorization.
Clearfield forecasts fiscal year 2026 annual net sales between $160 million and $170 million and annual net income per share between $0.48 and $0.62.

Nov 25, 2025, 1:30 PM

Clearfield Reports Q4 and Full-Year Fiscal 2025 Results, Divests Nestor Cables Business, and Provides FY2026 Outlook

CLFD

Earnings

Guidance Update

M&A

Clearfield reported Q4 2025 net sales from continuing operations of $41.1 million, an increase of 13% year-over-year, and full-year fiscal 2025 net sales of $150.1 million, up 20% from fiscal year 2024. Net income per share from continuing operations was $0.13 for Q4 2025 and $0.45 for the full fiscal year 2025.
The company divested its Nestor Cables Business on November 12, 2025, classifying it as discontinued operations for fiscal 2025 and prior periods, and recorded a $10.4 million non-cash write-down in Q4. This strategic move allows Clearfield to focus on core North American operations and higher-return opportunities.
For fiscal year 2026, Clearfield expects net sales from continuing operations in the range of $160-$170 million and earnings per share between $0.48-$0.62.
For the first fiscal quarter of 2026, the company anticipates net sales from continuing operations in the range of $30-$33 million and a net loss per share in the range of $0.08 to break-even.
Clearfield's board increased its share buyback authorization to $85 million, with $28.4 million available for additional repurchases, following $16.5 million in repurchases of 551,000 shares during fiscal 2025.

Nov 25, 2025, 1:30 PM

Clearfield Reports Q4 and Full-Year Fiscal 2025 Results, Divests Nestor Cables, and Provides FY 2026 Guidance

CLFD

Earnings

Guidance Update

M&A

Clearfield reported Q4 2025 net sales from continuing operations of $41.1 million, a 13% increase year-over-year, and full-year net sales of $150.1 million, up 20% from fiscal year 2024.
The company divested its Nestor Cables business, resulting in a $10.4 million non-cash write-down in Q4, to focus on core North American operations and higher-return opportunities.
For fiscal year 2026, Clearfield expects net sales from continuing operations to be in the range of $160-$170 million and earnings per share between $0.48 and $0.62.
Clearfield plans to launch a new line of splice cases in Q1 calendar 2026 and a next-generation fiber management cassette optimized for non-hyperscale data centers.
The company ended Q4 2025 with approximately $166 million in cash and investments and increased its share buyback authorization to $85 million, with $28.4 million available for additional repurchases.

Nov 25, 2025, 1:30 PM

Clearfield Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook

CLFD

Earnings

Guidance Update

Share Buyback

Clearfield reported fiscal year 2025 net sales from continuing operations of $150.1 million, a 20% increase year-over-year, and diluted net income per share of $0.45, significantly improving from a net loss of $(0.58) in fiscal 2024.
For the fourth quarter of fiscal 2025, net sales from continuing operations grew 13% to $41.1 million, with diluted net income per share of $0.13.
The company issued fiscal year 2026 guidance, projecting net sales from continuing operations between $160 million and $170 million and diluted EPS between $0.48 and $0.62.
Clearfield's Board of Directors increased the share repurchase program authorization from $65 million to $85 million following the divestiture of its Nestor Cables business.

Nov 25, 2025, 12:00 PM

Clearfield, Inc. Announces Divestiture of Nestor Cables Business

CLFD

M&A

Clearfield, Inc. divested its Nestor Cables business through a management buyout on November 11, 2025.
The transaction involved Clearfield selling its wholly-owned subsidiary, Clearfield Finland Oy, for $1 in cash and contributing $5.8 million of inter-company receivables to Clearfield Finland Oy.
This divestiture is expected to result in a one-time loss in Clearfield's fiscal fourth quarter of 2025 but is anticipated to be accretive to the Company's operating margin and profitability moving forward.
The strategic rationale for the divestiture is to sharpen Clearfield's focus on its core business, capitalize on higher-return opportunities, streamline manufacturing, reduce costs, and support Build America, Buy America (BABA) requirements.