Business Address: 7050 WINNETKA AVE. N. BROOKLYN PARK, MN 55428 . Clearfield Earnings Before Interest Taxes and Depreciation Amortization EBITDA are projected to increase significantly based on the last few years of reporting. We are continuously taking steps to strengthen our relationship with our suppliers to minimize these supply chain issues going forward. Sign up for communication from Clearfield for valuable insights, events, new resources and more! Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Find company research, competitor information, contact details & financial data for Clearfield, Inc. of Brooklyn Park, MN. Cautionary Statement Regarding Forward-Looking InformationForward-looking statements contained herein and in any related presentation or in the related FieldReport are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Historical trend examination of various income statement and balance sheet accounts found on CLEARFIELD INC financial . FINANCIAL STATEMENTS. About Clearfield, Inc. Clearfield, Inc. (NASDAQ: CLFD) designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 16 -URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1505-109256. Clearfield, Inc. (CLFD) financial statements (2022 and earlier) Company profile. Please call the conference telephone number 10 minutes prior to the start time. Wed like to share more about how we work and what drives our day-to-day business. FieldReport - Earnings Presentation Slides, Total Liabilities and Shareholders Equity, Adjustments to reconcile net income to cash (used in), Change in allowance for doubtful accounts, Changes in operating assets and liabilities, Net cash (used in) provided by operating activities, Purchases of property, plant and equipment and, Proceeds from sales and maturities of investments, Net cash provided by (used in) investing activities, Proceeds from issuance of common stock under, Tax withholding related to vesting of restricted stock grants, Withholding related to exercise of stock options, Cash and cash equivalents, beginning of period, Supplemental disclosures for cash flow information, Cash paid during the year for income taxes. Financial Results for the Six Months Ended March 31, 2022Net sales increased 84% to $104.6 million for the six months ended March 31, 2022 from $56.8 million during the same period in fiscal 2021. Copyright 2022 Morningstar, Inc. All rights reserved. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Net income for the fiscal second quarter of 2022 totaled $9.2 million, or $0.66 per diluted share, compared to $3.6 million, or $0.27 per diluted share, in the same year-ago quarter. . 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And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. This site is protected by reCAPTCHA and the Google View 10-K. For complete information regarding our financials, see our periodic filings. The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. MINNEAPOLIS, April 28, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management and connectivity platforms for communication service providers, reported results for the fiscal second quarter ended March 31, 2022. The increase in gross profit margin was due to a favorable product mix as well as improved manufacturing efficiencies realized with higher sales volumes, offset by increased overhead costs associated with our new facilities in Minnesota and Mexico and higher freight and transportation costs. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Clearfield's product design methodology offers flexibility and total configurability. This position assists in the preparation and management of the annual SOX and financial statement audits including all documentation. Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. The average salary for Financial Statements and Reporting Team Lead at companies like CLEARFIELD INC in the United States is $127,730 as of October 27, 2022, but the range typically falls between $111,770 and $146,450. Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The conference call will be webcast live and available for replay here. A copy of that press release is furnished hereto as Exhibit 99.1 and is hereby incorporated by reference. In the fiscal second quarter we opened our new distribution center in Minnesota and new manufacturing center in Mexico. 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Operating expenses increased 31% to $21.2 million (or 20.2% of net sales) for the six months ended March 31, 2022 from $16.1 million (or 28.4% of net sales) during the same period in fiscal 2021. The increase in net sales was due to higher sales across our core end markets, particularly in our Community Broadband and Multiple System Operator (MSO or Cable TV) markets. 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CLEARFIELD, INC. Quarterly Report of Financial Condition (10QSB) ITEM 1. Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Income from operations increased 206% to $25.0 million for the six months ended March 31, 2022 from $8.2 million during the same period in fiscal 2021. Understanding current and past CLEARFIELD INC Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. Terms of Service apply. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. The Company fell 14.70% Our guidance represents growth of 45% to 55% over fiscal year 2021 revenues. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Income tax expense for the fiscal second quarter of 2022 increased 201% to $2.8 million, with an effective tax rate of 23.4%, as compared to $935,000, with an effective tax rate of 20.4% in the same year-ago quarter due to higher taxable income. As of March 31, 2022, order backlog (defined as purchase orders received but not yet fulfilled) was $136 million, an increase of 34% compared to $101 million as of December 31, 2021 and an increase of 605% from $19 million as of March 31, 2021. Such forward looking statements include, for example, statements about the Companys future revenue and operating performance, anticipated shipping on backlog and future lead times, future availability of components and materials from the Companys supply chain, the impact of the Rural Digital Opportunity Fund (RDOF) or other government programs on the demand for the Companys products or timing of customer orders, the Companys ability to add capacity to meet expected future demand, and trends in and growth of the FTTx markets, market segments or customer purchases and other statements that are not historical facts. For example, an increase in CLEARFIELD INC's assets may result in an increase in income on the income . The average hourly wage for a Financial Statements and Reporting Executive at companies like CLEARFIELD INC in the United States is $101 as of April 26, 2022, but the range typically falls between $87 and $118. Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. CLFD fundamentals Overview Statements Financial summary of Clearfield, Inc with all the key numbers The current CLFD market cap is 1.25B USD. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599. TTM Millions Export Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual ( 10-K) and quarterly ( 10-Q) reports submitted to the Securities and Exchange Commission (SEC). A replay of the call will be available after 8:00 p.m. Eastern time on the same day through May 12, 2022. . Operating expenses for the fiscal second quarter of 2022 increased 32% to $11.2 million, from $8.5 million in the same year-ago quarter. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Entry into a Material Definitive Agreement. Income Statement Balance Sheet Cash Flow Earnings Next: Quarterly More Revenue Quarterly More Next Clearfield, Inc earnings date is November 10, the estimation is 0.86 USD. Clearfields President and CEO Cheri Beranek and CFO Dan Herzog will host the presentation, followed by a question-and-answer period. Posted: 12 days ago. Industry: Communications . We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. CLEARFIELD INC financial statements provide useful quarterly and yearly information to potential CLEARFIELD INC DL investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. 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Gross profit for the fiscal second quarter of 2022 increased 79% to $23.2 million (or 43.3% of net sales) from $12.9 million (or 43.6% of net sales) in the fiscal second quarter of 2021. For Fiscal Year Ending Sep 30, 2021. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. These products and services are usually sold through license agreements or subscriptions. The increase in operating expenses consisted primarily of higher compensation costs due to increased personnel and higher performance-based compensation as well as increased travel expenses and professional fees. 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