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Dec 31, 2020
Clarus Q4 2020 Earnings Report
Clarus reported strong Q4 2020 results with sales increasing 24% year-over-year.
Key Takeaways
Clarus Corporation reported a 24% increase in sales for the fourth quarter of 2020, reaching $75.9 million. The company's adjusted EBITDA also saw a significant increase of 56%. Looking ahead, Clarus anticipates continued growth in 2021, with sales expected to grow approximately 25%.
Sales in Q4 2020 increased 24% year-over-year to $75.9 million.
Barnes acquisition contributed approximately $6.6 million to revenue in Q4 2020.
Adjusted EBITDA in Q4 2020 increased 56% to $11.0 million.
Clarus anticipates fiscal year 2021 sales to grow approximately 25% to $280 million.
Clarus
Clarus
Forward Guidance
Clarus anticipates fiscal year 2021 sales to grow approximately 25% to $280 million and adjusted EBITDA to increase approximately 56% to $35 million.
Positive Outlook
- Sales for Black Diamond are expected to increase 17% to $200 million.
- Sales for Sierra and Barnes combined are expected to increase 52% to $80 million.
- Adjusted EBITDA is expected to increase approximately 56% to $35 million.
- Capital expenditures are projected to be approximately $7.5 million.
- Free cash flow is anticipated to be approximately $15 million.