Clearfield, Inc. (NASDAQ:CLFD) Q1 2024 Earnings Conference Call February 1, 2024 5:00 PM ET

Company Participants

Greg McNiff – Investor Relations

Cheri Beranek – President and Chief Executive Officer

Dan Herzog – Chief Financial Officer

Conference Call Participants

Scott Searle – Roth

Ryan Koontz – Needham and Company

Tim Savagenou – Northland Capital Markets

Jaeson Schmidt – Lake Street

Operator

Good day. And welcome to Clearfield’s Fiscal First Quarter 2024 Conference Call. All participants will be in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to Greg McNiff, Investor Relations for Clearfield. Please go ahead.

Greg McNiff

Thank you. Joining me on the call today are Cheri Beranek, Clearfield’s President and CEO, and Dan Herzog, Clearfield’s CFO. As a reminder, the slides in this presentation are controlled by you, the listener. Please advance forward through the presentation as the speaker presents their remarks.

Please note that during this call, management will be making remarks regarding future events and the future financial performance of the company. These remarks constitute forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. It is important to also note that the company undertakes no obligation to update such statements except as required by law.

The company cautions you to consider risk factors that could cause actual results to differ materially from those in the forward-looking statements contained in today’s press release, earnings presentation, and on this conference call. The Risk Factors section in Clearfield’s most recent Form 10-K filing with the Securities and Exchange Commission and its subsequent filings on Form 10-Q provide a description of these risks. They are also summarized on Slide 2 of the earnings presentation.

With that, I would like to turn the call over to Clearfield’s President and CEO, Cheri Beranek. Cheri?

Cheri Beranek

Good afternoon, everyone, and thank you for joining us today to discuss Clearfield’s results for the fiscal first quarter 2024. We also intend to provide an update on our business and current market trends. Please turn to Slide 4. I noted last quarter that while the industry is facing several near-term macroeconomic and seasonal headwinds, broadband service providers continue to deploy equipment and long-term demand remains as strong as ever.