Clarus Earnings Reports

Clarus reported Q4 2024 revenues of $71.4 million, down from $76.5 million in the prior year quarter. The company posted a net loss of $65.5 million, primarily driven by a $44.8 million goodwill impairment and a $21.0 million tax valuation allowance. Gross margin improved to 33.4% from 28.9% due to better product mix and lower inventory reserves at the Outdoor segment. Despite headwinds, Clarus generated $14.4 million in free cash flow and completed the acquisition of RockyMounts to expand its Adventure segment product offerings.

Clarus Corporation reported a decrease in sales to $67.1 million compared to $81.3 million in the same year-ago quarter, driven by softness in the Outdoor segment and lower Adventure segment sales. The company is focused on advancing its strategic plan to position itself for long-term profitable growth, including inventory improvements and SKU rationalization in the Outdoor segment, and scaling the Adventure segment globally.

Clarus Corporation reported a decrease in sales to $56.5 million compared to $57.9 million in the same year-ago quarter. The Adventure segment saw a sales increase of 13.6%, while the Outdoor segment experienced a decline. The company reaffirmed its full-year revenue guidance but revised its adjusted EBITDA expectations due to market headwinds and strategic investments.

Clarus Corporation reported first quarter 2024 financial results, with sales at $69.3 million, a decrease compared to the same year-ago quarter. The Adventure segment saw a 27% increase in sales, while the Outdoor segment experienced a decline. The company reaffirmed its full-year guidance.

Clarus Corporation reported a sales increase in Q4 2023 compared to the same period last year, driven by the Adventure segment's success, but gross margin decreased due to inventory reserve increases. The company completed the sale of its Precision Sport segment, becoming debt-free with a strong cash position.

Clarus Corporation reported Q3 2023 sales of $100.1 million, a decrease compared to the same year-ago quarter. The company experienced a net loss of $1.3 million, or $(0.03) per diluted share. Adjusted EBITDA was $9.9 million, representing a 9.9% margin. The company is focused on stabilizing sales and margins, organizational reshaping, and cost reductions.

Clarus Corporation reported sales of $83.7 million for the second quarter, a decrease compared to the same period last year. The decline was attributed to challenging macroeconomic conditions, promotional retail environment, and inventory de-stocking. Each segment generated positive free cash flow. The company is focusing on stabilizing revenue, gross margin, and EBITDA, while implementing cost-out strategies.

Clarus Corporation reported a decrease in sales to $97.4 million compared to $113.3 million in the same year-ago quarter. The Outdoor segment saw a slight increase in sales, while the Precision Sport and Adventure segments experienced declines. Net income was $1.6 million, or $0.04 per diluted share, compared to $5.3 million, or $0.13 per diluted share, in the prior year's first quarter.

Clarus Corporation reported a decrease in sales for Q4 2022 compared to the same period last year, with sales of $104.2 million. The company faced challenges due to macroeconomic headwinds, but saw growth in Precision Sports and certain international markets. They focused on expense reductions, free cash flow generation, and debt reduction, generating $30 million in free cash flow during the quarter. Net loss was $81.6 million, or $(2.20) per diluted share, including a non-cash impairment charge of $92.3 million.

Clarus Corporation announced its results for the third quarter ended September 30, 2022. The press release contains non-GAAP measures, including adjusted gross margin, adjusted gross profit, net income before non-cash items, adjusted net income, EBITDA, adjusted EBITDA, and free cash flow.

Clarus Corporation reported a record second quarter with sales increasing 57% year-over-year to $114.9 million. The increase includes revenue contribution of approximately $22.8 million from Rhino-Rack and $4.3 million from MAXTRAX. Adjusted EBITDA increased 51% to $17.6 million, representing a 15.3% adjusted EBITDA margin. The company continues to expect fiscal year 2022 sales to grow approximately 25% to $470.0 million.

Clarus Corporation reported a strong first quarter in 2022, with sales increasing by 50% to $113.3 million. The company's adjusted EBITDA reached a record $19.7 million, representing a 17.4% margin. The Precision Sport segment and Adventure segment demonstrated strong growth, while the Outdoor segment faced logistical challenges.

Clarus Corporation reported a record fourth quarter with sales increasing by 56% year-over-year to $118.2 million. The company's 'Innovate and Accelerate' strategy drove strong performance across its 'Super Fan' brand portfolio, resulting in record sales and adjusted EBITDA.

Clarus Corporation reported a record third quarter with sales increasing by 69% year-over-year to $109.0 million. Adjusted EBITDA also reached a record $19.2 million. The company has revised its full year outlook, expecting sales of $362.5 million and adjusted EBITDA of $57 million.

Clarus Corporation reported a record second quarter with sales increasing by 144% year-over-year to $73.3 million. The company also raised its full-year outlook, expecting sales and adjusted EBITDA to grow approximately 56% and 132% year-over-year, respectively.

Clarus Corporation reported a 41% increase in sales to $75.3 million for the first quarter of 2021. The company also raised its full-year outlook, expecting sales and adjusted EBITDA to grow approximately 32% and 70% year-over-year, respectively.

Clarus Corporation reported a 24% increase in sales for the fourth quarter of 2020, reaching $75.9 million. The company's adjusted EBITDA also saw a significant increase of 56%. Looking ahead, Clarus anticipates continued growth in 2021, with sales expected to grow approximately 25%.

Clarus Corporation reported a 7% increase in sales to $64.5 million for the third quarter of 2020. Black Diamond sales decreased by 8%, while Sierra sales increased by 135%. Net income was $1.2 million, or $0.04 per diluted share, and adjusted EBITDA increased by 34% to $9.1 million.

Clarus Corporation reported sales of $30.0 million for the second quarter, a decrease compared to the same year-ago quarter. The company's gross margin increased, and selling, general, and administrative expenses decreased due to cost-saving initiatives. Net loss was $(2.7) million, and adjusted EBITDA was $(1.3) million.

Clarus Corporation reported a decrease in sales and adjusted EBITDA for the first quarter of 2020, primarily due to the COVID-19 related demand freeze, but highlighted its focus on liquidity and brand equity.

Clarus Corporation reported strong Q4 2019 results, with sales increasing by 7% to $61.0 million and net income reaching $12.4 million, driven by Black Diamond's performance and growth in apparel and climb categories, despite headwinds in the bullet and ammunition market impacting Sierra sales.