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Dec 31, 2021
Clarus Q4 2021 Earnings Report
Clarus reported record fourth quarter performance driven by its 'Innovate and Accelerate' strategy.
Key Takeaways
Clarus Corporation reported a record fourth quarter with sales increasing by 56% year-over-year to $118.2 million. The company's 'Innovate and Accelerate' strategy drove strong performance across its 'Super Fan' brand portfolio, resulting in record sales and adjusted EBITDA.
Sales in the fourth quarter increased 56% to a record $118.2 million compared to the same year-ago quarter.
Gross margin in the fourth quarter improved to 36.1% compared to 35.5% in the year-ago quarter.
Net income in the fourth quarter was $14.0 million, or $0.36 per diluted share, compared to net income of $7.1 million, or $0.22 per diluted share, in the prior year quarter.
Adjusted EBITDA in the fourth quarter increased to a record $20.0 million, or an adjusted EBITDA margin of 16.9%, compared to $11.0 million in the same year-ago quarter.
Revenue by Segment
Forward Guidance
Clarus anticipates fiscal year 2022 sales to grow approximately 25% to $470.0 million compared to 2021 and expects adjusted EBITDA to be approximately $78.0 million.
Positive Outlook
- Fiscal year 2022 sales are expected to grow approximately 25% to $470.0 million compared to 2021.
- Sales for Outdoor segment to increase high-single digits to approximately $237.5 million.
- Sales for Precision Sport segment to increase low-single digits to approximately $112.5 million.
- Adventure segment to contribute approximately $120 million in sales.
- Adjusted EBITDA in 2022 is expected to be approximately $78.0 million, or an adjusted EBITDA margin of 16.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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