NASDAQ$CLFD
Clearfield Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Demand for fiber-fed broadband networks expanded across the community broadband market, driving a 45% increase in net sales and a significant improvement in net income.
Clearfield reported a strong fiscal second quarter with a 45% increase in net sales to $29.7 million, driven by growth in the Community Broadband and MSO markets. Gross margin improved to 43.6%, and net income reached $3.6 million, or $0.27 per diluted share. The company's backlog increased by 115% to $19.2 million, and they anticipate shipping the majority of it during fiscal Q3.
- Net sales increased by 45% to $29.7 million, driven by Community Broadband and MSO markets.
- Gross profit increased by 59% to $12.9 million, representing 43.6% of net sales.
- Net income improved to $3.6 million, or $0.27 per diluted share.
- Order backlog increased by 115% to $19.2 million.
Headline financials
Revenue & EPS history
Clearfield · Revenue · Quarterly
$29.7M
Forward guidance
Clearfield anticipates net sales of $120 million to $125 million in fiscal 2021, representing year-over-year growth of 32% at the midpoint. Net income is expected to be at or above 12% as a percentage of net sales.
Tailwinds
- Rural broadband market remains ripe for growth.
- Strategic investments made over the last 10 years will be beneficial.
- Growing backlog.
- Expanding pipeline.
- Building market demand.
Headwinds
- Volatility of the supply chain potentially poses challenges in the near term.
- Selling, general and administrative costs will grow moderately as travel re-emerges.
- Strategic investments in additional customer-facing positions
- Pressure on supply chain due to increased demand
- Global supply chain disruptions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+1.6%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+3.8%
Avg return
30 days after
57%
36 / 63 earnings
Positive
+27.5%
Q4 2022
Best reaction
-20.0%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +6.6% | +13.3% | +6.4% | |
| Q1 2026 | -4.6% | +3.1% | -1.5% | |
| Q4 2025 | -4.9% | -0.1% | +0.2% | |
| Q2 2025 | +9.1% | +17.8% | +22.7% | |
| Q1 2025 | -5.9% | -10.7% | -22.4% | |
| Q4 2024 | -5.7% | -8.9% | -15.6% | |
| Q3 2024 | -10.1% | -11.8% | -14.1% | |
| Q2 2024 | +16.8% | +17.6% | +23.7% | |
| Q1 2024 | +16.9% | +14.9% | +25.2% | |
| Q4 2023 | +1.6% | +9.4% | +15.5% | |
| Q3 2023 | -12.8% | -12.4% | -23.1% | |
| Q2 2023 | -17.0% | -13.5% | -4.3% | |
| Q1 2023 | -12.4% | -8.5% | -13.8% | |
| Q4 2022 | +27.5% | +35.9% | +7.1% | |
| Q3 2022 | +17.1% | +23.1% | +45.6% | |
| Q2 2022 | +7.0% | +6.2% | +13.2% | |
| Q1 2022 | +16.0% | +20.7% | +26.1% | |
| Q4 2021 | +5.9% | +7.6% | +4.8% | |
| Q3 2021 | +17.5% | +9.4% | +16.4% | |
| Q2 2021 | +23.4% | +25.8% | +24.9% | |
| Q1 2021 | -5.9% | -4.5% | -2.7% | |
| Q4 2020 | +6.1% | +11.2% | +10.2% | |
| Q3 2020 | +24.9% | +33.9% | +29.6% | |
| Q2 2020 | -2.0% | +3.9% | +6.3% | |
| Q1 2020 | +3.0% | +1.6% | -13.9% | |
| Q4 2019 | +4.8% | +5.1% | +19.3% | |
| Q3 2019 | -4.2% | -6.3% | -22.9% | |
| Q2 2019 | -3.0% | -4.2% | -7.7% | |
| Q1 2019 | +1.2% | +1.1% | +22.5% | |
| Q4 2018 | +9.7% | -3.3% | -6.3% | |
| Q3 2018 | +8.4% | +14.1% | +18.1% | |
| Q2 2018 | -3.8% | -7.9% | -16.5% | |
| Q1 2018 | +2.1% | +2.9% | +22.9% | |
| Q4 2017 | -13.0% | -12.6% | -7.7% | |
| Q3 2017 | -13.4% | -17.8% | -11.6% | |
| Q2 2017 | -11.3% | -12.5% | -13.5% | |
| Q1 2017 | -3.7% | -9.0% | -13.0% | |
| Q4 2016 | +4.3% | +2.4% | +8.7% | |
| Q3 2016 | +1.7% | -1.6% | -9.2% | |
| Q2 2016 | +9.4% | — | — | |
| Q1 2016 | +14.0% | — | — | |
| Q4 2015 | -20.0% | — | — | |
| Q3 2015 | +25.4% | — | — | |
| Q2 2015 | -8.8% | — | — | |
| Q1 2015 | +1.4% | — | — | |
| Q4 2014 | -10.1% | — | — | |
| Q3 2014 | -17.6% | — | — | |
| Q2 2014 | -19.9% | — | — | |
| Q1 2014 | +7.8% | — | — | |
| Q4 2013 | +10.3% | — | — | |
| Q3 2013 | -15.8% | — | — | |
| Q2 2013 | +7.1% | — | — | |
| Q1 2013 | +14.3% | — | — | |
| Q4 2012 | -0.6% | — | — | |
| Q3 2012 | -2.4% | — | — | |
| Q2 2012 | -1.8% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q1 2012 | -1.8% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2010 | +6.2% | — | — |
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