Clarus Q2 2022 Earnings Report
Key Takeaways
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.
Sales increased 57% year-over-year to a record $114.9 million.
Organic sales were up 22% in the second quarter.
Adjusted EBITDA increased 51% to $17.6 million, with a 15.3% adjusted EBITDA margin.
The company approved a new $50.0 million stock repurchase program.
Clarus
Clarus
Clarus Revenue by Segment
Forward Guidance
Clarus continues to expect fiscal year 2022 sales to grow approximately 25% to $470.0 million and adjusted EBITDA in 2022 to be approximately $78.0 million, or an adjusted EBITDA margin of 16.5%.