克利尔菲尔德通讯 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SECEXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number 0-16106 CLEARFIELD, INC.(Exact name of registrant as specified in its charter) 41-1347235(I.R.S. Employer Identification No.) 7050 Winnetka Avenue NorthSuite 100Brooklyn Park, Minnesota(Address of principal executive offices) (763) 476-6866(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. ☒YES☐NO Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). ☒YES☐NO Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐YES☒NO Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. CLEARFIELD, INC.FORM 10-QTABLE OF CONTENTS PART I.FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTSITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS23ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30ITEM 4.CONTROLS AND PROCEDURES30PART II.OTHER INFORMATION30ITEM 1.LEGAL PROCEEDINGS30ITEM 1A.RISK FACTORS31ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS31ITEM 3.DEFAULTS UPON SENIOR SECURITIES31ITEM 4.MINE SAFETY DISCLOSURES31ITEM 5.OTHER INFORMATION31ITEM 6.EXHIBITS31SIGNATURES32 CLEARFIELD, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA) CLEARFIELD, INC.CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS(UNAUDITED)(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA) Purchases of property, plant and equipment and intangible assets(2,917)(3,529)Purchases of investments(70,241)(78,697)Proceeds from maturities of investments79,71095,976Cash paid on disposal of business(1,012)-Net cash provided by investing activities (continuing)5,54013,750 Note 1. Summary of Significant Accounting Policies Unless the context otherwise requires, for purposes of this Quarterly Report on Form 10-Q, the words “we,” “us,” “our,” the “Company,” and“Clearfield,” refer to Clearfield, Inc. On November 11, 2025, the Company completed the sale of its Nestor Cables business. In connection with thissale, the historical results of the Nestor Cables business and certain assets and liabilities of this business are reported in our condensed consolidatedfinancial statements as held for sale/discontinued operations beginning with the consolidated financial statements included in the Company’s AnnualReport on Form 10-K for the year ended September 30, 2025. Our continuing operations comprise one operating segment and one reportablesegment. Basis of Presentation The accompanying (a) condensed consolidated balance sheet as of September 30, 2025, which has been derived from audited financial statements,and (b) unaudited interim condensed consolidated financial statements as of and for the three and nine months ended June 30, 2026 have beenprepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financialinformation, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the condensedconsolidated financial statements include all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the financialposition, results of operations, and cash flows of the interim periods presented. Operating results for the interim period