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Sep 30, 2024
Clarus Q3 2024 Earnings Report
Clarus reported third quarter results, advancing its strategic plan amidst macroeconomic headwinds and focusing on long-term profitable growth.
Key Takeaways
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.
Sales decreased to $67.1 million compared to $81.3 million in the same year-ago quarter.
Gross margin increased to 35.0% compared to 33.6% in the same year-ago quarter.
Loss from continuing operations was $3.2 million, or $(0.08) per diluted share, compared to a loss of $2.2 million, or $(0.06) per diluted share in the year-ago quarter.
Adjusted EBITDA from continuing operations was $2.4 million, compared to $3.6 million in the same year-ago quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company now expects fiscal year 2024 sales to range between $260 million to $266 million and adjusted EBITDA of approximately $7 million to $9 million.
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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