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.

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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.

Clarus reports mixed Q3 results, eyes profitability amid market challenges

Clarus Corporation navigated through a challenging Q3 with a focus on improving profitability, managing costs, and enhancing product mix. Despite facing market softness and supply chain disruptions, the company maintains a positive outlook, expecting to be cash flow positive in Q4 and updating their full-year sales outlook.

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SALT LAKE CITY, Feb. 13, 2023 (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 Monday, February 27, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. 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 Fourth Quarter and Full Year 2022 Conference Call for Monday, February 27, 2023, at 5:00 p.m. ET

Clarus Corporation earnings missed estimates by a wide margin in Q3 and forward-looking guidance was cut. Shares collapsed on the news before finally bottoming in late December 2022.

Clarus: Cash Crunch Needs To End Fast

Clarus Corporation (NASDAQ:CLAR ) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET Company Participants John Walbrech - President Mike Yates - CFO Cody Slach - External Director of IR Conference Call Participants Alex Perry - Bank of America Joseph Altobello - Raymond James Anna Glaessgen - Jefferies Matt Koranda - ROTH Ryan Sundby - William Blair Linda Bolton-Weiser - D.A. Davidson 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 Third Quarter ending September 30, 2022.

Clarus Corporation (CLAR) Q3 2022 Earnings Call Transcript

Clarus Corporation (CLAR) delivered earnings and revenue surprises of -38.10% and 2%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Clarus Corporation (CLAR) Q3 Earnings and Revenues Miss Estimates

SALT LAKE CITY, Oct. 24, 2022 (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 Monday, November 7, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2022. 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 2022 Conference Call for Monday, November 7, 2022, at 5:00 p.m. ET

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Examining 2022 To Date; And Looking Ahead

SALT LAKE CITY, Oct. 04, 2022 (GLOBE NEWSWIRE) -- The board of directors for Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, has approved Thrivent Asset Management, LLC (“Thrivent”) to be permitted under the Company's Rights Agreement, dated as of February 12, 2008, to increase its beneficial ownership in Clarus to up to an aggregate of 9.9% of the Company's outstanding shares of common stock.

Clarus Board of Directors Approves Thrivent Asset Management, a Top Shareholder, to Increase Its Position to up to 9.9% of Shares Outstanding

SALT LAKE CITY, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, announced today that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against HAP Trading, LLC and Mr. Harsh A. Padia to seek to disgorge profits from transactions in Clarus common stock and related derivative securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended.

Clarus Files Lawsuit Against HAP Trading and Harsh A. Padia For Recovery of Short-Swing Profits

SALT LAKE CITY, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”) subsidiary MAXTRAX has been announced as a winner for Product Design in the Automotive and Transport Category of the 2022 Australian Good Design Awards for outstanding design and innovation for the MAXTRAX 4x4 Recovery System.

MAXTRAX Named Recipient of Australia Good Design Award in the Product Design Category for its 4x4 Recovery System

SALT LAKE CITY, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, will be participating in the following investor conferences:

Clarus Announces September Investor Conference Schedule

Shares jumped after management said it is aiming to reduce its stock price volatility.

Why Clarus Corp. Stock Was Up on Thursday

SALT LAKE CITY, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, released a statement acknowledging the recent market volatility in the trading of shares of its common stock and related derivatives.

Clarus Issues Statement on Recent Stock Volatility and Parallax's Unauthorized Purchases of Common Stock

The sporting apparel company was down more than 10% in late afternoon trading.

Why Clarus Corp. Stock Plummeted on Monday

SALT LAKE CITY, Aug. 22, 2022 (GLOBE NEWSWIRE) -- The board of directors for Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, has approved the respective requests of two of its largest shareholders, Brown Advisory Incorporated (“Brown”) and Greenhouse Funds LLLP (“Greenhouse”), to be permitted under the Company's Rights Agreement dated as of February 12, 2008, to increase each of their respective beneficial ownership in Clarus to up to an aggregate of 12.5% of the Company's outstanding shares of common stock.

Clarus Board of Directors Approves Two of Its Top Shareholders to Increase Their Positions up to 12.5% of Shares Outstanding

Clarus Corporation has strong outdoor and defense brands which are showing positive momentum and sales trends. The Company's balance sheet is in good shape and debt is modest. Financial covenant compliance is secure.

Growing Niche Brands Make Clarus Corporation A Long-Term Buy

Demand is holding up so far in fiscal 2022.

Why Clarus Corporation Stock Was Up Today

Clarus Corporation (NASDAQ:CLAR ) Q2 2022 Earnings Conference Call August 1, 2022 5:00 PM ET Company Participants Cody Slach - Investor Relations John Walbrecht - President Mike Yates - Chief Financial Officer Conference Call Participants Alex Perry - Bank of America Anna Glaessgen - Jefferies Matt Koranda - ROTH Capital Joseph Altobello - Raymond James Laurent Vasilescu - BNP Paribas Linda Bolton-Weiser - D.A. Davidson Jim Duffy - Stifel Ryan Sundby - William Blair 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 Second Quarter ended June 30, 2022.

Clarus Corporation (CLAR) Management on Q2 2022 Results - Earnings Call Transcript

Clarus Corporation (CLAR) delivered earnings and revenue surprises of -17.50% and 4.39%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Clarus Corporation (CLAR) Lags Q2 Earnings Estimates

– Sales in the Second Quarter of 2022 Increased 57% Year-Over-Year to $114.9 Million –

Clarus Reports Record Second Quarter 2022 Results

SALT LAKE CITY, July 29, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, announced that its board of directors has approved the Company's regular quarterly cash dividend of $0.025 per share.

Clarus Corporation Declares Regular Quarterly Cash Dividend

Clarus Corporation (CLAR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Clarus Corporation (CLAR) Stock Jumps 9.1%: Will It Continue to Soar?

SALT LAKE CITY, July 18, 2022 (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 Monday, August 1, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2022. 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 2022 Conference Call for Monday, August 1, 2022, at 5:00 p.m. ET

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Clarus Corp  (NASDAQ:CLAR) is down 0.3% to trade at $22.20 this afternoon.

Why Clarus Stock May Be a Dangerous Choice for Investors

Clarus Corp (NASDAQ:CLAR ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Cody Slach - IR John Walbrecht - President Michael Yates - CFO Aaron Kuehne - EVP, COO, Treasurer & Secretary Conference Call Participants Randal Konik - Jefferies Laurent Vasilescu - Macquarie Research Matthew Koranda - ROTH Capital Partners Martin Mitela - Raymond James James Duffy - Stifel, Nicolaus & Company Linda Bolton-Weiser - D.A. Davidson & Co. Ryan Sundby - William Blair & Company Mark Smith - Lake Street Capital Markets 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, 2022.

News for Clarus Stock (CLAR)