Clearfield Sees Q2 Revenue $37M-$40M Vs $38.575M Est.; EPS $(0.16)-$(0.21) Vs $(0.22) Est.; FY25 Revenue $170M-$185M Vs $179.225M

Outlook

The Company maintains its annual revenue guidance for fiscal 2025 of $170 million to $185 million. Clearfield expects net sales for the second quarter of fiscal 2025 to be in the range of $37 million to $40 million and net loss per share for the second quarter of fiscal 2025 to be in the range of $(0.16) to $(0.21). This loss per share range is based on the number of shares outstanding at the end of the first quarter and does not reflect potential share repurchases completed in the second quarter.

Due to the uncertainty of the evolving tariff situation, the Company's full-year and second fiscal quarter guidance does not yet account for any potential impact tariffs may have on its business operations.

Clearfield's Mexican and U.S. manufacturing sites were strategically designed to provide redundancy, cost optimization, and dual sourcing capabilities, and its product lines are BABA compliant, offering a Build American/Buy American alternative. While potential tariff-related cost increases cannot be fully eliminated, we believe Clearfield's experience managing past tariff impacts enables the Company to respond quickly and mitigate cost increases whenever possible.

Additionally, our Asian sourcing program, in place for over a decade, is supported by reliable suppliers expanding into non-Chinese locations. The tariff on Chinese goods that went into effect on February 4, 2025, adds to existing tariffs imposed in recent years. Given the fluid and uncertain nature of the situation, our priority remains maintaining the strong partnerships and relationships built with our suppliers and customers and optimizing this supply chain to reduce the impact whenever possible.