Clearfield, Inc. Releases First Quarter Fiscal 2025 Financial Results – Shares Filing (NASDAQ:CLFD)

Clearfield, Inc., a Minnesota-based company, recently disclosed its financial performance for the first quarter of fiscal 2025 after the market closed on February 6, 2025. In the report issued on this date, the company revealed the results for the quarter which ended on December 31, 2024.

According to the filing, Clearfield, Inc. reported a press release detailing the outcomes of the quarter, indicating total revenues of $754.7 million, down by 8% from the previous year’s fourth quarter results. The operating income for the quarter was $13.4 million, a significant decline of 65%, with an operating margin of 1.8%, marking a substantial decrease of 280 basis points.

In the exhibit attached to the filing, Clearfield disclosed various financial highlights comparing 2024 to 2023. The total revenues for the year 2024 were reported at $3.03 billion, showing an 8% decrease. Operating income for 2024 stood at $66.1 million, down 63% from the previous year. Diluted earnings per share decreased by 69% to $0.55.

Additionally, the report highlighted certain positive trends observed during the quarter, such as an increase in One-Way revenue per total mile and better-than-expected peak season volumes. Despite challenges in the freight market, the company reported improvements in specific areas like Dedicated average fleet size.

The filing also outlined operational statistics in detail, including truck counts, revenues per truck, and fleet sizes. The report covered segments like Truckload Transportation Services and Werner Logistics, providing insights into revenues, operating income, and various financial metrics for each.

Clearfield, Inc. announced that a conference call to discuss these financial results is scheduled to take place on the day of the report’s release at 4:00 p.m. CT. For those interested, the call can be accessed at (844) 701-1165 (domestic) or (412) 317-5498 (international).

Investors and stakeholders are encouraged to review the detailed financial information provided in the filing for a comprehensive understanding of Clearfield’s financial performance and strategic outlook.

Please note that the information provided here is a condensed version of the original Form 8-K filing. For a comprehensive understanding of Clearfield, Inc.’s financial results, investors are advised to refer to the complete

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Clearfield’s 8K filing here.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.