Welcome to our dedicated page for Clarus news (Ticker: CLAR), a resource for investors and traders seeking the latest updates and insights on Clarus stock.
Clarus Corporation (NASDAQ: CLAR) is a manufacturing company focused on outdoor enthusiast markets, with products sold under the Black Diamond®, Rhino-Rack®, MAXTRAX®, TRED Outdoors® and RockyMounts® brands. This news page aggregates company announcements and third-party coverage related to CLAR stock, giving investors and outdoor industry followers a single place to review recent developments.
Clarus regularly issues quarterly earnings press releases and hosts conference calls to discuss its financial results. These updates provide detail on sales trends in its Outdoor and Adventure segments, gross margin drivers, restructuring charges, transaction costs, and non-GAAP metrics such as adjusted EBITDA and free cash flow. News items also cover how macroeconomic conditions, tariffs and consumer demand are affecting the company’s performance in domestic and international markets.
In addition to earnings, Clarus news often includes capital allocation decisions such as the board’s confirmation of regular quarterly cash dividends of $0.025 per share, with specified record and payment dates. Corporate actions, including acquisitions and divestitures, are also highlighted. For example, the company has announced and completed the sale of its PIEPS snow safety brand and related avalanche pack intellectual property to a private investment firm, describing this as part of its effort to simplify the business and rationalize product categories.
Visitors to this page can review CLAR-related headlines covering segment leadership changes, strategic reviews, and commentary from Clarus’ executive chairman on the outlook for its Outdoor and Adventure segments. For anyone tracking Clarus stock, the outdoor equipment and lifestyle products market, or the performance of brands like Black Diamond and Rhino-Rack, this news feed offers a centralized view of the company’s most recent public communications.
Clarus (NASDAQ: CLAR) reported Q4 2024 financial results with sales of $71.4 million, down from $76.5 million year-over-year. The company posted an adjusted EBITDA of $4.4 million and free cash flow of $14.4 million.
Key Q4 metrics include gross margin improvement to 33.4% (38.0% adjusted) and a net loss of $65.5 million, including a $44.8 million goodwill impairment charge. For full-year 2024, sales decreased 7.6% to $264.3 million, with an adjusted EBITDA of $6.9 million.
Notable developments include:
- Completion of RockyMounts acquisition, expanding bike-rack capabilities
- Product simplification initiatives improving Outdoor segment margins
- 2025 guidance: Sales of $250-260 million, adjusted EBITDA of $14-16 million
- Significant debt reduction to $1.9 million from $119.8 million year-over-year
Clarus (NASDAQ: CLAR), a global company focused on outdoor enthusiast markets, has announced its regular quarterly cash dividend. The company's board of directors has confirmed a dividend payment of $0.025 per share. Shareholders of record as of March 17, 2025, will receive the dividend payment on March 26, 2025.
Clarus (NASDAQ: CLAR), a global company focused on outdoor enthusiast markets, has announced its upcoming fourth quarter and full year 2024 financial results conference call. The event is scheduled for Thursday, March 6, 2025, at 5:00 pm ET.
The company will release its financial results press release after the regular stock market trading hours on the same day. Interested participants can access the call by registering through the provided registration link, after which they will receive dial-in instructions and details. The conference call will also be available for live broadcast and replay on www.claruscorp.com.
Clarus (NASDAQ: CLAR) announced that its Adventure segment brand Rhino-Rack has acquired certain assets of RockyMounts, a Colorado-based bicycle transport products specialist. Founded in Boulder in 1993, RockyMounts is known for innovative roof and hitch rack solutions with distinct style and exceptional durability.
The acquisition aligns with Clarus's strategic focus on strengthening its Adventure portfolio, specifically targeting the bicycle racks and hitch-based products market. The integration will help accelerate Rhino-Rack's brand penetration in the U.S. and provide entry into a new product category in Australia. RockyMounts founder Bobby Noyes will continue as part of the innovation team. The transaction was funded using cash on hand, with terms undisclosed.
Clarus (NASDAQ: CLAR) has appointed Mark Besca to its Board of Directors, effective December 5, 2024. This appointment expands the Board to seven directors, with six being independent. Besca, who brings over 40 years of accounting and financial expertise, will also serve on the Board's Audit Committee.
Besca currently serves as Audit Committee Chair at Markel Group Inc. His previous experience includes a 40-year tenure at EY, where he held several leadership positions including Managing Partner of EY's New York City office and Northeast Managing Partner of EY's Assurance and Advisory Business. He holds an M.B.A from Columbia Business School and a B.B.A. in Accounting from Pace University.
Clarus (NASDAQ: CLAR) reported Q3 2024 financial results with sales of $67.1 million, down from $81.3 million in Q3 2023. The company posted a net loss of $3.2 million, or $(0.08) per share. Gross margin improved to 35.0% from 33.6%, with adjusted gross margin at 37.8%. The Outdoor segment sales were $49.3 million, while Adventure segment sales decreased 11.9% to $17.8 million. The company revised its 2024 outlook, now expecting sales between $260-266 million and adjusted EBITDA of $7-9 million.
Clarus (NASDAQ: CLAR), a global company focused on outdoor enthusiast markets, has declared its regular quarterly cash dividend of $0.025 per share. The dividend will be distributed on November 27, 2024, to stockholders of record as of November 18, 2024.
Clarus (NASDAQ: CLAR) has scheduled its third quarter 2024 financial results conference call for Thursday, November 7, 2024, at 5:00 pm ET. The company, which focuses on outdoor enthusiast markets, will release its financial results for the quarter ended September 30, 2024, after the regular stock market trading hours on the same day. Interested participants can access the call by registering through the provided link, after which they will receive dial-in instructions. The conference call will also be available for replay on the company's website.
Clarus (NASDAQ: CLAR) reported Q2 2024 financial results, showing mixed performance. Sales decreased slightly to $56.5 million from $57.9 million year-over-year. The company faced challenges with gross margin declining to 36.1% from 39.0%. Clarus reported a net loss of $5.5 million, or $(0.14) per diluted share, compared to a net loss of $2.1 million in the same period last year. The Adventure segment saw a 13.6% increase in sales, while the Outdoor segment experienced a decline. Despite market headwinds, Clarus reaffirmed its full-year revenue guidance but revised its adjusted EBITDA expectations downward. The company also announced strategic hires for the Adventure segment and initiated a review of its PIEPS snow safety brand.
Clarus (NASDAQ: CLAR), a global company focused on outdoor enthusiast markets, has announced a regular quarterly cash dividend of $0.025 per share. The dividend will be paid on August 19, 2024, to stockholders of record as of August 9, 2024. This announcement demonstrates Clarus' commitment to providing consistent returns to its shareholders, maintaining its dividend policy despite potential market uncertainties. The regular dividend payout suggests financial stability and confidence in the company's cash flow generation capabilities.
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