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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Earnings data Q4 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.

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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Shares of Clarus (NASDAQ:CLAR) were unchanged in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 57.89% over the past year to $0.30, which beat the estimate of $0.21.

Clarus: Q3 Earnings Insights

Clarus (CLAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Clarus (CLAR) Might Surprise This Earnings Season

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Why Clarus Corp (CLAR) Stock is a Compelling Investment Case

SALT LAKE CITY, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, will hold a conference call on Monday, November 9, 2020, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2020. 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 2020 Conference Call for Monday, November 9, 2020, at 5:00 p.m. ET

SALT LAKE CITY, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Clarus Corporation (Nasdaq: CLAR) (“Clarus,” “Company,” “we,” “us” or “our”) today announced that, as a result of equity capital markets volatility it has decided not to proceed with its previously announced proposed registered offering of convertible senior notes due 2026 in the aggregate amount of $85 million.

Clarus Corporation Withdraws Proposed Registered Offering of Convertible Senior Notes

SALT LAKE CITY, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Clarus Corporation (Nasdaq: CLAR) (“Clarus,” “Company,” “we,” “us” or “our”) announced today it has commenced a public offering of $85 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”). In connection with the offering, the Company expects to grant to the underwriters an option, which is exercisable within 30 days, to purchase up to an additional $12.75 million aggregate principal amount of the Notes, solely to cover over-allotments.

Clarus Corporation Announces Proposed $85 Million Convertible Senior Notes Offering

Expects Sales to Range Between $63-$64 Million, up 5%-6% Compared to Q3 2019 Expects Sales to Range Between $63-$64 Million, up 5%-6% Compared to Q3 2019

Clarus Corporation Reports Preliminary Third Quarter 2020 Results

SALT LAKE CITY, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, announced that its board of directors has reinstated the Company's quarterly cash dividend of $0.025 per share.

Clarus Announces $0.025 Per Share Quarterly Dividend, Reinstates Cash Payment

SALT LAKE CITY, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Clarus Corporation’s (NASDAQ: CLAR) (“Clarus” and/or the “Company”) subsidiary Sierra Bullets, L.L.C., the Bulletsmiths®, a dedicated manufacturer of one of the highest-quality, most accurate bullets in the world, has completed the acquisition of certain assets relating to the Barnes® brand of specialty hunting bullets (“Barnes”).

Sierra Bullets Closes Asset Acquisition of Barnes Bullets

- Combination Creates the Leading Specialty Bullet and Ammunition Platform With a Runway to $100 Million in Sales and 25-30% Adjusted EBITDA Margins -

Sierra Bullets to Acquire Assets of Barnes Bullets

-  Brown Advisory, Greenhouse Funds and TT  Investimentos  to Participate in a n Offering of Common Stock  Expected  to Provide Greater Optionality in Evaluating Market Opportunities and Facilitate Future Growth ‐

Clarus Corporation Raises $11.5 Million From Existing Investors to Bolster Financial Strength and Support Future Growth

As of late, it has definitely been a great time to be an investor Clarus.

Clarus' Shares March Higher, Can It Continue?

Clarus (CLAR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Clarus (CLAR) Stock Stands Out in a Strong Industry

Clarus Corporation is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Clarus Corp

Clarus' (CLAR) Management on Q2 2020 Results - Earnings Call Transcript

SALT LAKE CITY, Aug.  05, 2020  (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (the “Company”) subsidiary Sierra Bullets, L.L.C. (“Sierra” or “Sierra Bullets”), the Bulletsmiths®, a dedicated manufacturer of one of the highest-quality, most accurate bullets in the world, announces the appointment of Keith Enlow to president, effective August 17, 2020.

Clarus’ Sierra Bullets Appoints Keith Enlow as President

SALT LAKE CITY, July  31, 2020  (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, announced that its board of directors has confirmed the Company’s quarterly stock dividend, valued at $0.025 per share. The board has temporarily replaced the Company’s regular quarterly cash dividend with a stock dividend as of May 1, 2020.

Clarus Announces $0.025 Per Share Quarterly Stock Dividend

SALT LAKE CITY, July  27, 2020  (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, will hold a conference call on Monday, August 10, 2020, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2020. 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 2020 Conference Call for Monday, August 10, 2020, at 5:00 p.m. ET

SALT LAKE CITY, June  08, 2020  (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, is scheduled to participate at the following virtual financial conferences in June 2020:

Clarus Sets June 2020 Virtual Conference Schedule

Clarus Corporation (CLAR) on Q1 2020 - Earnings Call Transcript

SALT LAKE CITY, May  01, 2020  (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, announced that in light of the COVID-19 pandemic, its board of directors has temporarily replaced its quarterly cash dividend with a stock dividend.

Clarus Implements Quarterly Stock Dividend

SALT LAKE CITY, March  13, 2020  (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, today announced the appointment of Kelly Davis as executive vice president of operations and talent, effective March 26, 2020.

Clarus Appoints Kelly Davis as Executive Vice President of Operations and Talent

Strong sales of Black Diamond drive Clarus' (CLAR) fourth-quarter 2019 revenues.

Clarus (CLAR) Q4 Earnings & Revenues Beat Estimates, Up Y/Y

Clarus Corporation (CLAR) Management on Q4 2019 - Earnings Call Transcript

Solid Sales in domestic and international segments are likely to get reflected in Clarus' (CLAR) fourth-quarter 2019 performance.

News for Clarus Stock (CLAR)