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Sep 30, 2020
Clarus Q3 2020 Earnings Report
Clarus' third quarter results demonstrated the strength of its diversified brand portfolio, with sales up 7% compared to the same quarter last year.
Key Takeaways
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.
Third quarter sales increased by 7% to $64.5 million.
Black Diamond sales decreased by 8% year-over-year due to lower retail demand from COVID-19.
Sierra sales increased by 135% to a record $15.1 million.
Adjusted EBITDA increased 34% to $9.1 million.
Clarus
Clarus
Clarus Revenue by Segment
Revenue by Segment
Outdoor Segment Revenue
CapyFin.comAdventure Segment Revenue
CapyFin.com Forward Guidance
Clarus anticipates sales in the fourth quarter of 2020 to range between $67.5 million and $69.0 million, up 11% to 13% compared to $61.0 million in the fourth quarter of 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income