Clarus

Clarus Corp engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the following segments: Outdoor, Precision Sport, and Adventure. The Outdoor segment manufactures outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities. The Precision Sport segment includes Sierra and Barnes, which markets bullets and ammunition for both rifles and pistols. The Adventure segment sells automotive roof racks, trays, mounting systems, luggage boxes, carriers and accessories. The company was founded in 1989 and is headquartered in Salt Lake City, UT.

Earnings data Q4 2020

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Clarus reports record revenue growth amidst challenges, eyes margin improvement

Clarus reports record revenue growth but grapples with declining sales and gross margin, impacted by inventory destocking and foreign exchange rates. The company anticipates growth acceleration in the second quarter and focuses on margin improvement and operational plans for business growth.

Clarus Q1 2023: Challenges in Sourcing, Strength in Europe

Clarus Corporation's Q1 2023 performance saw challenges in sourcing and inventory levels but demonstrated strengths in European business and component demand.
The company aims to drive growth through strategic partnerships, margin improvement, and a focus on direct-to-consumer channels.
Despite market uncertainties, Clarus remains optimistic about future opportunities and plans to pivot for growth in 2024.
Investors are introduced to new segment leaders as the company focuses on operational efficiency and value creation.

Clarus faces Q2 challenges, focuses on long-term value creation

Clarus Q2 2023 earnings call highlighted challenges from destocking in North America, with varying segment performances. The company is focused on long-term value creation, managing inventory dynamics, and stabilizing business segments amidst a challenging macroeconomic environment.

Clarus Corporation reports Q3 results, faces inventory challenges and opportunities

Clarus Corporation's Q3 2023 performance showed mixed results with challenges in the Precision Sport segment but strengths in the Adventure and Outdoor segments. Efforts to reduce inventory levels and focus on high-demand products present opportunities for improvement. Special interest in acquiring Precision Sport segment and ongoing inventory management remain key focus areas.

Clarus Corporation reports mixed Q4 performance, eyes growth opportunities

Clarus Corporation's Q4 2023 earnings call showcased a mixed performance with strong growth in Adventure but challenges in the Outdoor segment.
The company aims for improved sales in 2024, focusing on enhancing gross margins, operational efficiencies, and addressing regulatory risks.
Despite facing challenges, Clarus remains optimistic about opportunities for growth through promotional strategies, operational enhancements, and strategic partnerships.

Clarus reports strong Q1 performance, focuses on growth strategies

Clarus Corporation's Q1 2024 performance reflects growth in outdoor and adventure segments despite challenges like legal costs and margin pressures.
The company's focus on profitability, inventory management, and diversifying growth opportunities positions it well for future success.
Efforts to enhance margins through digital platforms and direct-to-consumer sales show a commitment to sustainable growth.
Strategic investments and disciplined cost management underscore Clarus's resilience and adaptability in a competitive market.

Clarus Q2 earnings miss guidance, focuses on long-term growth

Clarus faces immediate financial challenges with revenue below guidance and an EBITDA loss, but is actively pursuing strategic initiatives for long-term value creation.
The company's focus on driving organic growth, improving operational efficiencies, and exploring growth opportunities outside the U.S. demonstrates a commitment to long-term success.
Despite macroeconomic headwinds, Clarus remains resilient, with a proactive approach to addressing challenges and leveraging opportunities for sustainable growth.

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Clarus's future value lies in how effectively management can revamp the Black Diamond Equipment label and scale the Adventure segment in the US Market. Black Diamonds on-going SKU reduction efforts and improved product assortment will better position the company to achieve its profitability goals. The push to grow the Adventure business segment in the North American market through organic growth and small bolt-on acquisitions wisely parallels the rise of overlanding in the U.S.

Clarus: A Turnaround Play Starting To Take Shape, Hold For Now

SALT LAKE CITY, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, November 7, 2024, at 5:00 pm ET to discuss its financial results for the third quarter ended September 30, 2024. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call.

Clarus Sets Third Quarter 2024 Conference Call for Thursday, November 7, 2024, at 5:00 p.m. ET

Clarus has no net debt after selling its precision sports business but faces weak end markets and needs sales to benefit from operating leverage. Despite worsened EBITDA guidance, Clarus expects significant profitability improvement by Q4 due to new product launches and strong summer season in Australia/New Zealand. The outdoor segment, led by Black Diamond, should have potential from climbing gear.

Clarus: Near Breakevens But Sales Push Could Come With New Launches

Clarus Corporation (NASDAQ:CLAR ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Matt Berkowitz - External Director of Investor Relations Warren Kanders - Executive Chairman Michael Yates - Chief Financial Officer Mathew Hayward - Managing Director of Clarus' Adventure Segment Neil Fiske - President of Black Diamond Equipment Conference Call Participants Matthew Koranda - ROTH Capital Partners LLC Anna Glaessgen - B. Riley Securities, Inc. Peter McGoldrick - Stifel Mark Smith - Lake Street Capital Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Clarus Corporation's financial results for the second quarter ended June 30, 2024.

Clarus Corporation (CLAR) Q2 2024 Earnings Call Transcript

Makes Incremental Progress Executing Strategic Initiatives to Accelerate Long-Term Growth Three Veteran Operating and Sales Executives Added to Adventure Team to Support U.S., International and OEM Markets Strategic Review Initiated for PIEPS Snow Safety Brand within the Outdoor Segment SALT LAKE CITY, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Summary vs.

Clarus Reports Second Quarter 2024 Results

SALT LAKE CITY, July 30, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, announced that its board of directors has confirmed the Company's regular quarterly cash dividend of $0.025 per share.

Clarus Announces $0.025 Per Share Quarterly Dividend

SALT LAKE CITY, July 19, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, August 1, 2024, at 5:00 pm ET to discuss its financial results for the second quarter ended June 30, 2024. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call.

Clarus Sets Second Quarter 2024 Conference Call for Thursday, August 1, 2024, at 5:00 p.m. ET

- Appoints Tripp Wyckoff as General Manager of Adventure Americas - - Appoints David Cook as Global Head of OEM - - Appoints Daniel Bruntsch as Head of EMEA Sales -

Clarus Appoints Three Veteran Operating and Sales Executives to Support Adventure Segment's U.S., International and OEM Channels and Fuel Future Growth

SALT LAKE CITY, May 15, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, announced today that Chief Financial Officer Mike Yates will be participating in the following investor conferences:

Clarus Announces Upcoming Investor Conference Schedule

Clarus Corporation (NASDAQ:CLAR ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Matt Berkowitz - Investor Relations Warren Kanders - Executive Chairman Mike Yates - Chief Financial Officer Neil Fiske - President, Black Diamond Equipment Mathew Hayward - Management Director, Adventure Conference Call Participants Laurent Vasilescu - BNP Paribas Matt Koranda - ROTH MKM Mark Smith - Lake Street Peter McGoldrick - Stifel Operator Good afternoon, everyone and thank you for participating in today's conference call to discuss Clarus Corporation's financial results for the First Quarter ended March 31, 2024. Joining us today are Clarus Corporation's Executive Chairman, Warren Kanders; CFO, Mike Yates; President, Black Diamond Equipment, Neil Fiske; Management Director of Clarus' Adventure segment, Mathew Hayward; and the company's External Director of Investor Relations, Matt Berkowitz.

Clarus Corporation (CLAR) Q1 2024 Earnings Call Transcript

Clarus Corporation (CLAR) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.18 per share a year ago.

Clarus Corporation (CLAR) Reports Break-Even Earnings for Q1

Increased Quarterly Adventure Sales 27% Reduced Apparel Inventory at Outdoor 38% Reaffirms Full Year Guidance SALT LAKE CITY, May 02, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary vs.

Clarus Reports First Quarter 2024 Results

SALT LAKE CITY, April 18, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, May 2, 2024, at 5:00 pm ET to discuss its financial results for the first quarter ended March 31, 2024. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call.

Clarus Sets First Quarter 2024 Conference Call for Thursday, May 2, 2024, at 5:00 p.m. ET

SALT LAKE CITY, March 11, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, announced today that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against Caption Management LLC, Caption Partners II LP, Caption GP, LLC, William Cooper and Jason Strasser to seek to disgorge profits from transactions in Clarus common stock in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended.

Clarus Files Lawsuit Against Caption Management LLC, Caption Partners II LP, Caption GP, LLC, William Cooper and Jason Strasser for Recovery of Short-Swing Profits

Clarus (CLAR) fourth-quarter 2023 results are hurt by dismal performance in the regions of Europe.

Clarus (CLAR) Q4 Earnings & Revenues Lag Estimates, Stock Down

SALT LAKE CITY, March 08, 2024 (GLOBE NEWSWIRE) -- The board of directors for Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, has approved the respective requests of two of its largest shareholders, Greenhouse Funds LLLP (“Greenhouse”) and Clarus Executive Chairman Warren Kanders and its affiliates (collectively, “Kanders”), to be permitted under the Company's Rights Agreement dated as of February 12, 2008, to increase their beneficial ownership. Greenhouse and Kanders have been permitted to increase their positions to up to 15.0% and 26.7% of the Company's outstanding shares of common stock, respectively.

Clarus Board of Directors Approves Two of Its Top Shareholders to Increase Their Positions up to 15.0% and 26.7% of Shares Outstanding

SALT LAKE CITY, March 08, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, announced that the Company's Board of Directors (the “Board”) appointed Mr. Roger Werner to serve on the Board, effective as of March 8, 2024. With Mr. Werner's appointment, the Board will be comprised of 6 directors, five of whom are independent.

Roger Werner Appointed to Clarus' Board of Directors

Clarus Corporation (NASDAQ:CLAR ) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Matt Berkowitz - External Director, Investor Relations Warren Kanders - Executive Chairman Michael Yates - Chief Financial Officer Conference Call Participants Laurent Vasilescu - BNP Paribas Matt Koranda - Roth MKM Anna Glaessgen - B. Riley Mark Smith - Lake Street Operator Good afternoon everyone, and thank you for participating in today's conference call to discuss Clarus Corporation's Financial Results for the Fourth Quarter and Full Year ended December 31, 2023.

Clarus Corporation (CLAR) Q4 2023 Earnings Call Transcript

Clarus Corporation (CLAR) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.20 per share a year ago.

Clarus Corporation (CLAR) Reports Q4 Loss, Lags Revenue Estimates

Adventure Segment Generates Highest Quarterly Revenue of the Year

Clarus Reports Fourth Quarter and Full Year 2023 Results

Clarus' (CLAR) fourth-quarter 2023 results are likely to reflect soft contributions from the Precision Sport and Outdoor segments, along with risks associated with foreign exchange.

Clarus (CLAR) to Report Q4 Earnings: Here's What to Expect

Evaluate the expected performance of Clarus Corporation (CLAR) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Countdown to Clarus Corporation (CLAR) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Successful Outcome that Strengthens Balance Sheet and Positions the Company as a Pure-Play Outdoor Business Successful Outcome that Strengthens Balance Sheet and Positions the Company as a Pure-Play Outdoor Business

Clarus Completes Sale of Precision Sport Segment to JDH Capital

Q4 Conference Call Set for Thursday, March 7, 2024, at 5:00 pm ET 2024 Investor Day to be Held in NYC on Monday, March 11, 2024, at 12:00 pm ET SALT LAKE CITY, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, will hold a conference call on Thursday, March 7, 2024, at 5:00 pm ET to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call.

Clarus Announces Fourth Quarter and Full Year 2023 Conference Call and Upcoming Investor Day

SALT LAKE CITY, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, today announced that it has entered into a definitive purchase and sale agreement (the “Agreement”) to sell its Precision Sport segment, which is comprised of the Company's Sierra Bullets, L.L.C. and Barnes Bullets – Mona, LLC subsidiaries, to a U.S.-based non-strategic buyer that is not affiliated with the Company or any of its officers or members of its board of directors, in an all-cash transaction for $175 million at closing, subject to a customary working capital adjustment. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions, including the receipt of regulatory approvals.

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