CLAR
Clarus Corporation3.3600
-0.0400-1.18%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
129.03MP/E (TTM)
-Basic EPS (TTM)
-2.32Dividend Yield
0.03%Recent Filings
8-K
Q3 sales +3%, EBITDA +15%
Clarus posted Q3 sales of $69.3M, up 3% from $67.1M, with Adventure surging 16% to $20.7M on Australia strength and RockyMounts boost, while Outdoor dipped 1% to $48.7M. Adjusted EBITDA climbed 15% to $2.8M at 4.0% margin, fueled by cost cuts and Black Diamond apparel up 29%. Cash fell to $29.5M. Tariffs sting margins.
10-Q
Q3 FY2025 results
Clarus posted Q3 sales of $69.3M, up 3.3% y/y, driven by Adventure segment growth while international sales dipped 3.9% y/y from PIEPS divestiture. Gross margin held steady at 35.1%, but operating loss narrowed to $3.0M from $5.4M y/y as SG&A fell 6.2% on cost cuts; net loss improved to $(0.04) per share. Cash fell to $29.5M after $17.2M operating outflow, with $2.0M RockyMounts note due 2025; free cash flow not disclosed in the 10-Q. Sold PIEPS July 2025 for ~$9.1M. CPSC probe over avalanche beacons lingers.
8-K
Q2 sales dip, PIEPS sold
Clarus Corporation reported Q2 2025 sales of $55.2 million, down slightly from $56.5 million last year, with Outdoor up 1% to $36.7 million but Adventure down 8% to $18.6 million amid market softness. Gross margin dipped to 35.6% from 36.1%, yielding a net loss of $8.4 million; adjusted EBITDA fell to $(2.1) million. Post-quarter, they sold the PIEPS brand for $9.1 million to streamline Black Diamond operations. Yet challenges persist from tariffs and demand uncertainty.
10-Q
Q2 FY2025 results
Clarus posted Q2 sales of $55.2M, down 2.2% y/y but up 3.5% q/q (derived), with gross margin slipping to 35.6% from 36.1% y/y amid lower Adventure volumes and promotional pricing, yet Outdoor saw a slight uptick from distributor timing shifts. Operating loss widened to $10.9M from $8.1M y/y, pressured by a $1.6M impairment on the PIEPS trademark ahead of its July sale for ~$9.1M, while SG&A dipped 4.2% on cost controls; net loss hit $8.4M or $(0.22) per diluted share, consistent with 38.4M shares. Cash fell to $28.5M from $45.4M year-start, with operating cash use at $11.5M and FCF at $(14.5M) over H1, debt minimal at $1.9M from the RockyMounts note due December 2025. The PIEPS divestiture streamlines focus on core brands. Regulatory scrutiny from the CPSC over avalanche beacons lingers as a key overhang.
8-K
Kanders stake approval
Clarus Corporation's board approved Executive Chairman Warren B. Kanders' request to boost his stake to 32.9% of outstanding shares, up from 17.9%, under the rights agreement, but only if achieved within 24 months and without exceeding that cap. This signals confidence in Kanders' alignment with shareholders, while the annual meeting saw two directors step down amicably and strong approval for the amended stock incentive plan slashing reserves to 7.5 million shares. Board stays steady. Ownership hikes like this can sharpen focus on value creation.
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