The earnings call reflected a mixed sentiment. While Clearfield has strengthened customer relationships, launched new products, and generated positive cash flow, it experienced significant decreases in sales both quarterly and annually. The company anticipates a slow start to fiscal year 2025 with an expected net loss in Q1, although it remains optimistic about future growth driven by BEAD funding and rural broadband expansion.

Company Guidance

In the Clearfield Q4 2024 earnings call, the company reported consolidated net sales of $46.8 million for the fourth quarter, exceeding their guidance range of $40 million to $43 million, despite a 6% decrease from the $49.7 million in the same period of the previous year. North American net sales contributed $35.7 million, while international sales accounted for $11.1 million. Clearfield experienced positive cash flow from operations, generating approximately $12.9 million in the fourth quarter, largely due to a reduction in net inventory by $8.1 million. For the full fiscal year, net sales totaled $166.7 million, marking a 38% decline from $268.7 million in fiscal 2023. Looking ahead, the company forecasts revenues between $170 million and $185 million for fiscal year 2025, with anticipated U.S. revenue growth aligned with or exceeding industry forecasts, while expecting minimal growth internationally. The company is poised for growth driven by the expected positive impact of BEAD funding in 2026, focused on the rural markets where Clearfield excels. However, they project a slow start to fiscal 2025, with first-quarter net sales estimated at $33 million to $38 million and a net loss per share ranging from $0.28 to $0.35.

Stronger Customer Relationships and New Product Launches

Clearfield exited fiscal 2024 with stronger customer relationships and launched several new products, including SeeChange, the CraftSmart FiberFirst Pedestal, the CraftSmart Deploy Reel TAP Box, and the FiberFlex series of active cabinets.

Positive Customer Response to Active Cabinet Solutions

There is a positive customer response to Clearfield's active cabinet solutions, contributing to the company's growth in revenue from homes connected.

Cash Flow Generation

Clearfield generated positive cash flow from operations of approximately $12.9 million in Q4 and $22.2 million for the full year 2024.

Higher Sales in MSO and Large Regional Service Provider Markets

The company saw higher sales in the MSO and large regional service provider markets, driven by decreased inventory levels in certain product categories.

Revenue Guidance for Fiscal Year 2025

Clearfield is guiding revenues of $170 million to $185 million for fiscal year 2025, anticipating U.S. revenue growth to be in line or above industry-focused forecasts.

---

Clearfield (CLFD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CLFD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2025 (Q1)	-0.31 / -	-0.35	―	―	―
Nov 07, 2024	2024 (Q4)	-0.19 / -0.06	0.17	-135.29% (-0.23)	―
Aug 01, 2024	2024 (Q3)	-0.34 / -0.04	0.33	-112.12% (-0.37)
May 02, 2024	2024 (Q2)	-0.52 / -0.40	0.67	-159.70% (-1.07)
Feb 01, 2024	2024 (Q1)	-0.42 / -0.35	1	-135.00% (-1.35)
Nov 09, 2023	2023 (Q4)	0.10 / 0.17	1.22	-86.07% (-1.05)
Aug 03, 2023	2023 (Q3)	0.09 / 0.33	0.92	-64.13% (-0.59)
May 04, 2023	2023 (Q2)	0.58 / 0.67	0.66	1.52% (+0.01)
Feb 02, 2023	2023 (Q1)	0.96 / 1.00	0.75	33.33% (+0.25)
Nov 17, 2022	2022 (Q4)	0.88 / 1.22	0.53	130.19% (+0.69)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

CLFD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$36.80	$34.20	-7.07%
Aug 01, 2024	$42.64	$39.02	-8.49%
May 02, 2024	$31.91	$36.13	+13.22%
Feb 01, 2024	$26.12	$29.44	+12.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---