Clarus Corp
NASDAQ:CLAR
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
C
|
Clarus Corp
NASDAQ:CLAR
|
US |
Clarus Corp
Clarus Corp. engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. The company is headquartered in Salt Lake City, Utah and currently employs 950 full-time employees. The Company’s primary business is designing, developing, manufacturing and distributing of outdoor equipment and lifestyle products focused on the climb, ski, mountain, sport and skincare markets. Its segments include Outdoor, Precision Sport and Adventure. Its Outdoor segment include Black Diamond, PIEPS and SKINourishment brands, which offers a range of products, including activity-based apparel; rock-climbing footwear and equipment; technical backpacks; trekking poles; headlamps and lanterns; gloves and mittens, and skincare and other sport-enhancing products. Its Precision Sport segment include Sierra and Barnes brands, which manufacturers a range of performance bullets and ammunition for both rifles and pistols. Its Adventure segment includes Rhino-Rack and MAXTRAX brands, which manufactures automotive roof racks, trays, mounting systems, luggage boxes, carriers, recovery boards and accessories.
Clarus Corp. engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. The company is headquartered in Salt Lake City, Utah and currently employs 950 full-time employees. The Company’s primary business is designing, developing, manufacturing and distributing of outdoor equipment and lifestyle products focused on the climb, ski, mountain, sport and skincare markets. Its segments include Outdoor, Precision Sport and Adventure. Its Outdoor segment include Black Diamond, PIEPS and SKINourishment brands, which offers a range of products, including activity-based apparel; rock-climbing footwear and equipment; technical backpacks; trekking poles; headlamps and lanterns; gloves and mittens, and skincare and other sport-enhancing products. Its Precision Sport segment include Sierra and Barnes brands, which manufacturers a range of performance bullets and ammunition for both rifles and pistols. Its Adventure segment includes Rhino-Rack and MAXTRAX brands, which manufactures automotive roof racks, trays, mounting systems, luggage boxes, carriers, recovery boards and accessories.
Revenue: Q4 sales were $65.4 million, down from $71.4 million a year ago, driven by a weak ski season and lower Adventure OEM demand.
Margins: Consolidated gross margin fell to 27.7% from 33.4% (Q4 2024) after tariffs, FX contract losses and inventory reserves; adjusted gross margin cited at 33.6%.
Pricing & cost actions: Management implemented material price increases—roughly $7M–$8M at Black Diamond and ~$2M–$3M expected at Adventure in 2026—to offset tariffs and inflation.
Guidance: 2026 revenue guide $255M–$265M with adjusted EBITDA $9M–$11M (midpoint adj. EBITDA margin ~3.8%); segment guides: Outdoor ~$180M, Adventure ~$80M.
Cash & balance sheet: Debt-free with $36.7M cash at year-end; free cash flow Q4 $11.6M; FY 2026 capex $6M–$7M and expected free cash flow $3M–$4M.
Operational progress: Black Diamond says it has simplified assortment, improved product margins pre-tariff by >300 bps, and sees apparel, mountain and climb as the go-forward growth engines.
Near-term headwinds: Tariffs and FX materially depressed earnings in 2025 (Black Diamond estimates $3.4M unrecovered to adj. EBITDA in 2025 and $2.8M unrecovered in 2026), and Adventure took a $3.4M inventory reserve in Q4.
