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 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.
Clarus (NASDAQ: CLAR) has made three strategic hires for its Adventure segment to accelerate growth and strengthen global initiatives. The appointments include:
1. Tripp Wyckoff as General Manager of Adventure Americas
2. David Cook as Global Head of OEM
3. Daniel Bruntsch as Head of EMEA Sales
These hires aim to enhance go-to-market capabilities in key regions and expand OEM relationships globally. Wyckoff brings extensive industry knowledge and experience in scaling brands. Cook will focus on bringing Clarus' products to global OEM customers. Bruntsch will lead initiatives to expand customer relationships across Europe, the Middle East, and Africa.
The appointments are part of Clarus' strategy to invest in scaling its Adventure segment, which includes Rhino-Rack, MAXTRAX, and TRED Outdoors brands.
Clarus (NASDAQ: CLAR), a global leader in the outdoor enthusiast market, has announced its participation in several upcoming investor conferences. CFO Mike Yates will represent the company at the 24th Annual B. Riley Institutional Investor Conference on May 22, 2024, in Beverly Hills, CA. He will also present at the Stifel Cross Sector Insight Conference on June 4, 2024, in Boston, MA, from 3:35 PM to 4:05 PM ET. Additionally, Yates will attend the Jefferies Consumer Conference on June 17-18, 2024, in Nantucket, MA. The company invites interested parties to contact their respective conference representatives for more information or to schedule one-on-one meetings.
Clarus (NASDAQ: CLAR) reported financial results for the first quarter of 2024, showing an increase in quarterly adventure sales by 27% and a reduction in apparel inventory by 38%. The company reaffirmed its full-year guidance and emphasized its focus on simplification, right-sizing, and new product launches in the outdoor enthusiast markets. Sales in the Adventure segment increased by 27%, driven by OEM customer demand, while the Outdoor segment faced challenges in the European wholesale market. Despite a decrease in gross margin due to promotional pricing and inventory reserves, Clarus remains committed to enhancing margins and profitability.
Clarus (NASDAQ: CLAR) has declared a regular quarterly cash dividend of $0.025 per share for its stockholders. The dividend will be paid on May 20, 2024, to shareholders of record as of May 10, 2024.