Clarus Corp Stock Price, News & Analysis

Clarus Corporation (NASDAQ: CLAR) reported a robust financial performance for Q1 2021, with sales rising 41% year-over-year to $75.3 million. The company raised its full-year outlook, expecting sales to grow 32% to $295 million. Key highlights include a substantial net income increase to $5.7 million, and adjusted EBITDA rising 191% to $10.6 million. Gross margin improved to 35.9%. Despite a free cash flow of $(3.9) million, management expressed confidence in the continued demand across its brand portfolio, emphasizing strong performance in the Black Diamond and Sierra segments.

Clarus Corporation (NASDAQ: CLAR) has nominated Susan Ottmann to its Board of Directors, with a vote set for June 2, 2021. Ottmann brings over 25 years of experience in engineering, marketing, and leadership roles. She has directed programs at the University of Wisconsin – Madison and managed Thermo Fisher Scientific’s analytics business, overseeing 770 employees globally. Her expertise is expected to aid Clarus in its growth strategy. This nomination reflects Clarus’ commitment to strengthen leadership and enhance shareholder value in the outdoor equipment market.

Clarus Corporation (NASDAQ: CLAR) has appointed Anthony Rivera as the business unit director for Black Diamond Equipment's apparel category. Rivera, who previously worked at Arc’Teryx, brings over 12 years of experience in merchandising and revenue management. His role will focus on strategic direction, product development, and business planning for the apparel line, which is expanding to cater to climbers, backcountry skiers, and trail runners. Clarus President John Walbrecht expressed excitement over Rivera's appointment, highlighting his passion for the brand and technical expertise.

Clarus Corporation (NASDAQ: CLAR) announced a quarterly cash dividend of $0.025 per share, payable on May 21, 2021, to shareholders on record as of May 10, 2021. This reflects the company's commitment to returning value to its shareholders. Clarus focuses on developing outdoor equipment and lifestyle products, with brands such as Black Diamond and Sierra.

Clarus Corporation (NASDAQ: CLAR) has announced a conference call scheduled for May 10, 2021, at 5:00 PM ET. The call will discuss the company's financial results for the first quarter ending March 31, 2021. Results will be released after market close the same day. Investors can tune in through the provided dial-in numbers and will have access to a replay post-event. Clarus specializes in outdoor equipment and lifestyle products, representing brands like Black Diamond and Sierra.

Clarus Corporation (NASDAQ: CLAR) will participate in virtual investor conferences on March 11 and March 15-16, 2021. On March 11, they will host a fireside chat at the 4th Annual Consumer Growth Conference, starting at 11:45 AM ET, with a webcast available. Additionally, they will conduct virtual one-on-one meetings at the 33rd Annual ROTH Conference on March 15-16. Clarus specializes in outdoor and consumer industries, offering a range of products through well-known brands such as Black Diamond and Sierra.

Clarus Corporation (NASDAQ: CLAR) reported a 24% year-over-year increase in fourth-quarter sales, reaching $75.9 million. Adjusted EBITDA surged 56% to $11 million. For 2020, total sales decreased to $224 million while net income dropped to $5.5 million. Looking ahead, Clarus anticipates 25% growth in 2021 sales to $280 million and a 56% increase in adjusted EBITDA to $35 million.

Improved performance in the Sierra segment and strong demand in direct-to-consumer channels highlight the company's strategic progress.

Clarus Corporation (NASDAQ: CLAR) will hold a conference call on March 8, 2021, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2020. The results will be reported in a press release after market hours the same day. A live broadcast of the call will be available, and a replay can be accessed after 8:00 p.m. Eastern time through March 22, 2021. Clarus, based in Salt Lake City, focuses on outdoor and consumer industries, featuring brands like Black Diamond® and Sierra®.

Clarus Corporation (NASDAQ: CLAR) announced preliminary Q4 2020 sales of approximately $75 million, a 23% increase year-over-year, surpassing previous estimates. This includes a $6.5 million contribution from the recent acquisition of Barnes. Adjusted EBITDA is expected to be about $10.5 million, representing a 50% increase from Q4 2019. For the entire year, sales are projected at $223 million, slightly down from $229.4 million in 2019, impacted by COVID-19. The company will release full results in early March.