NASDAQ$CLFD
Clearfield Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Clearfield's Q3 2022 performance was marked by record net sales and strategic acquisitions, positioning the company for continued growth in the expanding fiber broadband market.
Clearfield reported record net sales of $71.3 million in Q3 2022, an 84% increase year-over-year, driven by strong demand for high-speed broadband. The company also increased its quarter-end backlog by 16% to a record $157 million and raised its fiscal year 2022 net sales guidance to a range of $243 million to $247 million, representing growth of 72% to 75% over fiscal year 2021.
- Achieved record net sales of $71.3 million, an 84% increase year-over-year.
- Increased quarter-end backlog by 16% to a record $157 million.
- Raised fiscal year 2022 net sales guidance to a range of $243 million to $247 million, projecting 72% to 75% growth over fiscal year 2021.
- Completed the acquisition of Nestor Cables Oy, a strategic supplier of FieldShield product line, to vertically integrate the design and supply of fiber optic cables.
Headline financials
Revenue & EPS history
Clearfield · Revenue · Quarterly
$71.3M
Forward guidance
Clearfield raised its fiscal year 2022 net sales guidance to a range of $243 million to $247 million, representing growth of 72% to 75% over fiscal year 2021. This outlook excludes any revenue contribution from Nestor.
Tailwinds
- Demand for high-speed broadband, especially fiber-led broadband, remains very strong.
- Proactively expanded capacity and effectively managed supply chain to meet customer demand.
- Expertise in serving the Community Broadband market positions the company to further capitalize on industry tailwinds.
- Proven growth strategy and outstanding execution of that strategy.
- Most of the record backlog is scheduled to ship in the next six months.
Headwinds
- Contractor labor availability is still restricted.
- Various material supply chain challenges are constant.
- The rate of inflationary cost for sheet metal has outpaced our ability to reduce the cost structure and the manufacturability of those.
- Overhead costs associated with the new facilities in Minnesota and Mexico negatively impacted gross margins.
- Increased shipping costs and inflationary increases in some components negatively affected margins.
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 Q3 2022
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro