Clearfield Announces Divestiture of Nestor Cables Business

MINNEAPOLIS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in Community Broadband fiber connectivity, today announced that it has divested its Nestor Cables business through a management buyout led by certain members of the Nestor Cables management team.

Nestor Cables designs and manufactures fiber optic cables, connectivity accessories for fiber optic networks and instrumentation, and the Nestor Optimus product family for microduct networks for sale into the European market. Nestor Cables offers its customers complete solutions for fiber optic networks, including fiber to the home (FTTH) and fiber to the premises (FTTP) applications. The business includes approximately 100 employees in Finland and Estonia. Nestor Cables will continue to serve as a supplier to Clearfield for certain products.

"Today's sale of the Nestor Cables business sharpens our focus on Clearfield's core business and better positions us to capitalize on higher-return opportunities that align with our strengths," said Cheri Beranek, Clearfield's President and Chief Executive Officer. "We would like to extend our gratitude to the Nestor Cables team for the successful transfer of the technology and know-how necessary to manufacture our full line of FieldShield^® products in our North American manufacturing operations. This vertical integration streamlines our manufacturing process, reduces our costs and allows us to fully support Build America, Buy America (BABA) requirements."

This transaction will result in a loss due to a one-time charge in the Company's fiscal fourth quarter of 2025 with minimal cash impact to Clearfield. Additional information will be available in the Company's earnings release, which is scheduled to be issued before the market opens on Tuesday, November 25, 2025. Moving forward, we expect the transaction to be accretive to the Company's operating margin and profitability.

Oaklins Finland Ltd acted as financial advisor to Clearfield on the transaction.

About Clearfield, Inc.

Clearfield, Inc. (NASDAQ: CLFD) designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks. Our "fiber to anywhere" platform serves the unique requirements of leading incumbent local exchange carriers (traditional carriers), competitive local exchange carriers (alternative carriers), and MSO/cable TV companies, while also catering to the broadband needs of the utility/municipality, enterprise, data center, and military markets. Headquartered in

Minneapolis, MN, Clearfield deploys more than a million fiber ports each year. For more information, visit www.SeeClearfield.com.