NASDAQ$CLFD
Clearfield Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Clearfield's Q2 2023 financial results were reported, with revenue increasing but tempered by customer inventory digestion and updated guidance.
Clearfield reported a 34% increase in net sales to $71.8 million for Q2 2023. However, the company is experiencing a lull in demand due to customer inventory digestion, leading to a revised full-year revenue guidance of $260 to $275 million and net income per share guidance of $1.80 to $2.10.
- Net sales increased by 34% to $71.8 million compared to the same quarter last year.
- Organic revenue grew by 13% to $60.4 million, while Nestor Cables contributed $11.4 million in revenue.
- Order backlog decreased by 21% sequentially to $107.6 million.
- Net income totaled $10.4 million, or $0.67 per diluted share, compared to $9.2 million, or $0.66 per diluted share, in the same year-ago quarter.
Headline financials
Revenue & EPS history
Clearfield · Revenue · Quarterly
$71.8M
Forward guidance
Clearfield updated its fiscal 2023 guidance, expecting net sales to be within a range of $260 to $275 million and net income per share to be $1.80 to $2.10.
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 2023
+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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