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Dec 31, 2019
Clarus Q4 2019 Earnings Report
Clarus reported a sales increase of 7% to $61.0 million with a net income of $12.4 million, or $0.40 per diluted share.
Key Takeaways
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.
Sales increased 7% to $61.0 million, driven by a 13% increase in Black Diamond sales.
Apparel business grew 25%, supported by men's and women's sportswear, technical outerwear, and logowear.
Direct business was up 38%, reflecting efforts to elevate customer experience and build brand awareness.
Adjusted EBITDA increased 6% to $7.0 million compared to the same year-ago quarter.
Revenue by Segment
Forward Guidance
Clarus anticipates fiscal year 2020 sales to grow approximately 6% to $244 million and adjusted EBITDA to increase approximately 6% to $24 million.
Positive Outlook
- Fiscal year 2020 sales are expected to grow approximately 6% to $244 million compared to 2019.
- Sales for Black Diamond are expected to increase high-single digits compared to 2019.
- Adjusted EBITDA in 2020 is expected to increase approximately 6% to $24 million compared to 2019.
- Capital expenditures are projected to be approximately $5 million.
- Free cash flow is expected to be approximately $10 million.
Challenges Ahead
- Sierra sales are expected to be down low-single digits compared to 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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