Clarus Corp
F:BDO
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
C
|
Clarus Corp
F:BDO
|
US |
Earnings Calls
Last Earnings Call
Revenue: Clarus reported second-quarter sales of $56.2 million, up 1.6% year over year, with Outdoor growth partly offset by a weaker Adventure segment.
Margins: Gross margin improved sharply because of a $6.1 million tariff refund, but management also said the underlying business improved on pricing, mix, and less discounting.
Guidance: Full-year sales guidance stayed at $245 million to $255 million, while adjusted EBITDA guidance rose to $12 million to $13 million from $3 million to $5 million.
Outdoor strength: Black Diamond had a strong quarter, with revenue up 9.1% and Apparel growth marking its fifth straight quarter of growth.
Adventure pressure: Adventure was weaker in North America and Australia, but management said the decline looked market-driven rather than share-driven and pointed to improving Europe and Asia performance.
Strategic actions: Clarus completed the ONWRD asset acquisition, bought back shares, and continued its strategic review with Jefferies advising on possible sales or other transactions.