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Jun 30, 2024
Clarus Q2 2024 Earnings Report
Clarus reported second quarter 2024 results, making incremental progress executing strategic initiatives to accelerate long-term growth.
Key Takeaways
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.
Sales were $56.5 million, a decrease compared to the same quarter last year.
Adventure segment sales increased by 13.6%, driven by OEM customers and the TRED Outdoors acquisition.
Outdoor segment sales decreased due to weakness in North American direct-to-consumer markets and softness in European markets.
The company reaffirmed its full-year revenue guidance but revised adjusted EBITDA expectations.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company continues to expect fiscal year 2024 sales to range between $270 million to $280 million. The Company now expects adjusted EBITDA of approximately $11 million to $14 million, and adjusted free cash flow to range between $7 million to $9 million for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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