Clearfield Inc. reported net sales from continuing operations of $41.1 million for the fourth quarter of fiscal 2025, a 13% increase from $36.2 million in the prior year period. Gross margin improved from 26.6% to 34.6% year over year, attributed to higher volume, increased production efficiency, and lower excess inventory charges. Operating expenses for the quarter rose 10% to $13.3 million. Net income from continuing operations was $1.8 million, or $0.13 per diluted share, compared to a net loss of $0.05 million, or $(0.01) per diluted share, in the prior year quarter. For the full year ended September 30, 2025, net sales from continuing operations were $150.1 million, up 20% from $125.6 million in the previous year. The company also completed the divestiture of its European operations and focused investments on North American markets, with an order backlog of $24.7 million as of September 30, 2025. For the first quarter of fiscal 2026, Clearfield expects net sales from continuing operations in the range of $30 million to $33 million and net income (loss) per share between ($0.08) and $0.00.