Clarus Corp Stock Price, News & Analysis

Clarus Corporation (NASDAQ: CLAR) will participate in several upcoming investor conferences in March 2023. The events include the Raymond James 44th Annual Institutional Investor Conference on March 8th, the 35th Annual ROTH Conference on March 13th, the Bank of America’s Consumer and Retail Conference on March 15th, and D.A. Davidson’s Consumer Growth Conference on March 21st. The company aims to enhance investor awareness and engagement through these platforms, showcasing its strategy of acquiring and growing outdoor enthusiast brands. For further details, a webcast of the presentation will be available for 90 days post-conference.

Clarus Corporation (NASDAQ: CLAR) reported Q4 and full-year 2022 financial results, highlighting a challenging year with significant net losses. Q4 sales fell to $104.2 million from $118.2 million, with a net loss of $81.6 million compared to a net income of $14.0 million in Q4 2021. The loss includes a non-cash impairment charge of $92.3 million in the Adventure segment. Adjusted net income was $7.3 million. For the full year, sales rose 19% to $448.1 million, with a net loss of $69.8 million. The company expects 2023 sales around $420 million and adjusted EBITDA of approximately $60 million.

Clarus Corporation (NASDAQ: CLAR) has announced a quarterly cash dividend of $0.025 per share, payable on March 17, 2023, to stockholders of record as of March 7, 2023. The company is dedicated to the outdoor and consumer enthusiast markets and focuses on acquiring and growing high-performing brands under its 'innovate and accelerate' strategy. Clarus markets its products globally under brands like Black Diamond® and Rhino-Rack® through various retail channels. This dividend reflects the company's commitment to returning value to shareholders amidst its ongoing growth initiatives.

Clarus Corporation (NASDAQ: CLAR) will hold a conference call on February 27, 2023, at 5:00 p.m. Eastern time to discuss its financial results for Q4 and the full year ended December 31, 2022. A press release detailing the financial results will be issued after market close on the same day. Investors can register for the call through a provided link to receive dial-in instructions. The call will also be accessible for replay on the Company's website. Clarus, headquartered in Salt Lake City, specializes in outdoor equipment and lifestyle products, marketing brands such as Black Diamond® and Rhino-Rack®.

Clarus Corporation (NASDAQ: CLAR) has appointed Neil Fiske as Brand President of its subsidiary, Black Diamond Equipment, effective immediately. Fiske, an experienced leader with nearly 20 years in outdoor and apparel sectors, aims to drive growth and profitability by leveraging expansion opportunities. His previous roles include CEO positions at Marquee Brands, Eddie Bauer, and Billabong International, where he successfully revitalized brands. Clarus Executive Chairman Warren Kanders expressed confidence in Fiske's ability to modernize Black Diamond while honoring its heritage. This strategic leadership change is anticipated to enhance the company's market position.

Clarus Corporation reported a 6% increase in third-quarter sales to $115.7 million, driven by strong demand in its Outdoor and Precision Sport segments. However, gross margin declined to 34.1% from 36.0%, and net income fell to $2.8 million from $4.5 million year-over-year. Adjusted EBITDA dropped to $15.1 million, reflecting challenges in the Adventure segment and rising freight costs. The company revised its full-year sales outlook to $445 million and adjusted EBITDA to $64 million, citing ongoing currency headwinds and economic conditions.

Clarus Corporation (NASDAQ: CLAR) has confirmed a quarterly cash dividend of $0.025 per share, scheduled for payment on November 25, 2022, to stockholders of record as of November 14, 2022. The company specializes in outdoor equipment and lifestyle products under brands like Black Diamond and Rhino-Rack. Clarus aims to enhance brand portfolios through innovation and growth in the outdoor enthusiast market, positioning itself for long-term success amidst increasing market demand.

Clarus Corporation (NASDAQ: CLAR) will host a conference call on November 7, 2022, at 5:00 p.m. ET to discuss its Q3 2022 financial results. A press release detailing these results will be issued after market close on the same day. Interested participants can register for the call via the provided link to obtain dial-in instructions. Clarus, based in Salt Lake City, focuses on outdoor and enthusiast markets, offering brands like Black Diamond and Rhino-Rack. The company's strategy aims to grow 'super fan' brands through innovation and sustainable growth.

Clarus Corporation (NASDAQ: CLAR) has granted Thrivent Asset Management approval to increase its ownership stake from 4.1% to a maximum of 9.9% of the company's outstanding shares. Thrivent currently holds 1,533,554 shares, and any increase is conditioned on remaining eligible for Schedule 13G reporting and not exceeding the 9.9% limit. Clarus expects this potential investment reflects Thrivent's confidence in its long-term strategy. Furthermore, the company has $60.7 million in Net Operating Loss (NOL) carryforwards, with plans to utilize approximately $39.5 million by the end of 2022.