Clearfield Inc. $(CLFD)$ reported financial results for the first quarter of fiscal 2026, with net sales from continuing operations increasing 16% year over year to USD 34.3 million. Gross margin from continuing operations improved by 4 percentage points to 33.2%. The company ended the quarter with approximately USD 157 million in cash, short-term, and long-term investments, and reported no debt. During the quarter, Clearfield completed the sale of its Nestor Cables business, with all financial results now presented for continuing operations only. The Board of Directors increased the share repurchase authorization from USD 65 million to USD 85 million in November 2025, with USD 23.1 million remaining available for additional repurchases as of December 31, 2025. Share buybacks totaled USD 5.2 million in the period. Clearfield introduced the NOVA platform, aimed at optimizing scalability and installation simplicity for high-density fiber connectivity. The company reiterated its full-year fiscal 2026 guidance, projecting net sales from continuing operations in the range of USD 160 million to USD 170 million and earnings per share between USD 0.48 and USD 0.62.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clearfield Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9648351) on February 04, 2026, and is solely responsible for the information contained therein.
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