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Clearfield Reports Record Fiscal Third Quarter and Nine Month 2021 Financial Results


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 ....

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Hormel Foods Reports Second Quarter Results And Reaffirms Full Year Earnings Guidance


Hormel Foods Reports Second Quarter Results And Reaffirms Full Year Earnings Guidance
The company delivers record first half sales and increases full year sales guidance
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AUSTIN, Minn., May 20, 2021 /PRNewswire/  Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2021. All comparisons are to the second quarter of fiscal 2020 unless otherwise noted.
EXECUTIVE SUMMARY - SECOND QUARTER
Record net sales of $2.6 billion, up 8%
Pretax earnings of $293 million, up 2%
Operating margin of 11.1%, compared to 12.1% last year
Effective tax rate of 22.1%, compared to 20.6% last year ....

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