Overview

* Clearfield fiscal Q3 net sales rise 2% to $49.9 mln, beating expectations, per LSEG data

* Net income per share of $0.11 beats analyst estimates

* Co raises full-year fiscal 2025 revenue guidance to $180-184 mln

Outlook

* Clearfield raises fiscal 2025 revenue guidance to $180 mln-$184 mln

* Company expects Q4 net sales between $47 mln and $51 mln

* Clearfield forecasts Q4 net income per share of $0.03-$0.11

* Company says tariffs unlikely to materially impact results

Result Drivers

* CUSTOMER DEMAND - Strong demand in Large Regional Service Provider and MSO markets drove net sales growth, per CEO Cheri Beranek

* OVERHEAD ABSORPTION - Improved overhead absorption and recoveries of excess inventory supported top and bottom-line performance, per CFO Dan Herzog

* GROSS MARGIN INCREASE - Higher volumes and cost reduction initiatives led to increased gross margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $49.90 $47.60

mln mln (4

Analysts

)

Q3 EPS Beat $0.11 $0.05 (4

Analysts

)

Q3 Net Beat $1.60 $704,000

Income mln (4

Analysts

)

Q3 Beat $1.50 -$1.32

Income mln mln (4

from Analysts

Operatio )

ns

Q3 Gross $15.20

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Clearfield Inc ( CLFD ) is $45.00, about 2.4% above its August 5 closing price of $43.94

Press Release:

(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.)