Clearfield, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2020
January 28, 2021 at 04:00 pm EST
Share
Clearfield, Inc. announced earnings results for the first quarter ended December 31, 2020. For the first quarter, the company announced sales was USD 27.092 million compared to USD 19.377 million a year ago. Operating income was USD 3.713 million compared to USD 400,915 a year ago. Net income was USD 3.163 million compared to USD 501,158 a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.04 a year ago.
Clearfield, Inc. designs, manufactures and distributes fiber protection, fiber management and fiber delivery solutions to enable fiber-fed deployment throughout the broadband service provider space primarily across North America. It has two segments: the Clearfield Operating (Clearfield) and the Nestor Cables Operating (Nestor). Clearfield segment is focused on providing fiber management, fiber protection and fiber delivery products that accelerate the turn-up of fiber-based networks in residential homes, businesses and network infrastructure on the wireline and wireless access network. It offers a portfolio of fiber products that allow service providers to build fiber networks faster, meet service delivery demands, and align build costs with take rates. Nestor segment manufactures fiber optic and copper telecommunication cables and equipment, which it distributes to telecommunication operators, network owners, electric companies, building contractors and industrial companies.
CLEARFIELD, INC. 
