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 reports news on a global outdoor enthusiast business organized around Outdoor and Adventure segments. Company updates cover results for brands and product lines such as Black Diamond, PIEPS, Rhino-Rack, MAXTRAX and TRED, including climbing, skiing, mountaineering, trail running, apparel, automotive roof racks, carriers, recovery boards and related accessories.
Recurring developments include quarterly earnings, segment sales trends, gross margin, adjusted EBITDA, free cash flow, inventory and restructuring charges, product mix, regular cash dividends and capital allocation. Clarus also reports corporate strategy updates tied to simplification initiatives and shareholder value considerations.
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.
Clarus (NASDAQ: CLAR), a global company focused on outdoor enthusiast markets, has announced its second quarter 2024 conference call scheduled for Thursday, August 1, 2024, at 5:00 pm ET. The company will discuss its financial results for the quarter ended June 30, 2024. The financial results will be released in a press release after the close of regular stock market trading hours on the same day.
Investors and interested parties can access the call by dialing (833)-630-1956 (domestic) or (412)-317-1837 (international) and requesting to join the Clarus call. Additionally, a live broadcast and replay of the conference call will be available on the company's website at www.claruscorp.com.