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July 22 , 2021 CLEARFIELD 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 MINNEAPOLIS , July 22 , 2021 ( GLOBE NEWSWIRE ) -- Clearfield , Inc. ( NASDAQ : CLFD ) , the specialist in fiber management for communication service providers , reported results for the fiscal third quarter and nine months ended June 30 , 2021 . Fiscal Q3 2021 Financial Summary ( in millions except per share data and percentages ) Net Sales Q3 2021 $ 38.7 vs. Q3 2020 $ 26.0 $ Change 12.8 Change ( % ) 49 % Gross Profit ( $ ) $ 17.1 $ 10.8 $ 6.3 59 % Gross Profit ( % ) 44.2 % 41.5 % 2.7 % 6 % Income from Operations Income Tax Expense $ 7.7 $ $ 1.7 $ 30 3.6 0.8 EA EA $ 4.1 115 % $ 1.0 126 % $ 6.1 $ $ 0.44 $ 3.0 $ 0.22 $ 3.1 104 % 0.22 100 % Net Income Net Income per Diluted Share Fiscal Q3 YTD 2021 Financial Summary ( in millions except per share data and percentages ) Net Sales Gross Profit ( $ ) Gross Profit ( % ) Income from Operations Income Tax Expense Net Income Net Income per Diluted Share 2021 YTD 95.5 vs. 2020 YTD $ 65.8 $ Change Change ( % ) 29.8 45 % $ 41.4 $ 43.4 % 26.7 $ 40.6 % 14.8 55 % 2.8 % 7 % $ 15.9 $ 4.7 $ 3.3 $ 1.1 SA SA $ 11.2 237 % $ 2.3 211 % SAS $ 12.9 $ $ 0.94 $ SASA 4.2 $ 8.7 204 % 0.31 $ 0.63 203 %