Clearfield Inc Q4 revenue slips on broadband weakness

Overview

• U.S. fiber connectivity firm's fiscal Q4 revenue fell 4% yr/yr; full-year revenue up 1%

• Net income from continuing ops dropped; Q4 diluted EPS $0.00, full-year $0.16, both down yr/yr

• Order backlog rose 75% yr/yr; company began shipments on major data center order

Outlook

• Clearfield expects fiscal 2027 revenue of $195 mln to $205 mln

• Company sees fiscal 2027 net income per share of $0.25 to $0.46

• Clearfield anticipates Q1 2027 revenue of $48 mln to $52 mln

Result Drivers

• BROADBAND MARKET SOFTNESS - Co said performance was partly offset by continued softness in the MSO market

• HIGHER PRODUCT COSTS - Gross margin was affected by higher product costs absorbed compared to prior periods, particularly in the latter part of the fiscal year

• DATA CENTER SHIPMENTS - Co began shipments against a $22 mln data center order, marking a milestone in expanding its data center business

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)