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Clearfield Reports Record Fiscal Third Quarter and Nine Month 2021 Financial Results

Clearfield Reports Record Fiscal Third Quarter and Nine Month 2021 Financial Results 49% Increase in Net Sales, Driven by 64% Growth in Community Broadband Revenue Compared to the Same Year-Ago Quarter. Company Backlog Increased 377% to Record $40.3 Million at Quarter End Compared to the Same Year-ago Quarter End and 110% Compared to March 31, 2021 Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 44.2% Quarterly Gross Profit Margin for Q3 FY2021 Net Income for Q3 2021 Increased 104% to $6.1 Million, or $0.44 per diluted share, an Improvement from $3.0 Million, or $0.22 per diluted share, in the Same Year-ago Quarter Company Raises Fiscal 2021 Net Sales Guidance to $130 Million to $135 Million, Representing 42% Year-over-Year Growth at the Midpoint

Clearfield (CLFD) Q3 2021 Earnings Call Transcript

Operator Good afternoon. Welcome to Clearfield s fiscal third-quarter 2021 earnings conference call. My name is Victor, and I ll be your operator for this afternoon. Joining us for today s presentation are the company s president and CEO, Cheri Beranek; and CFO, Dan Herzog. Following their commentary, we will open the call for questions. I would now like to remind everyone that this call will be recorded and made available for replay via a link in the investor relations section of the company s website. This call is also being webcasted and accompanied by a PowerPoint presentation called the FieldReport, which is also available in the investor relations section of the company s website. Please note, during this call, management will be making forward-looking statements regarding future events and the future financial performance of the company.

Orbital Energy Group Subsidiary, Gibson Technical Services, Awarded Three-State Project By Charter Communications

Orbital Energy Group Subsidiary, Gibson Technical Services, Awarded Three-State Project By Charter Communications
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