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April 22 , 2021 CLEARFIELD Clearfield Reports Record Fiscal Second Quarter and Six Month 2021 Financial Results • Company Introduces Fiscal 2021 Net Sales Guidance of $ 120 Million to $ 125 Million , Representing 32 % Year - over - Year Growth at the Midpoint ; Net Income Projected at or above 12 % of Net Sales . • 45 % Increase in Net Sales , Driven by 68 % Growth in Community Broadband Revenue and 60 % Growth in MSO Revenue for Q2 2021 , Compared to the Same Year - ago Quarter • Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 43.6 % Second Quarterly Gross Profit Margin • Net Income for Q2 2021 Increased 387 % to $ 3.6 Million , or $ 0.27 per diluted share , an Improvement from $ 0.7 Million , or $ 0.05 per diluted share , in the Same Year - ago Quarter • Company Backlog Increased 115 % to Record $ 19.2 Million at Quarter End Compared to the Same Year - ago Quarter End MINNEAPOLIS , April 22 , 2021 ( GLOBE NEWSWIRE ) -- Clearfield , Inc. ( NASDAQ : CLFD ) , the specialist in fiber management for communication service providers , reported results for the fiscal second quarter and six months ended March 31 , 2021 .