Clarus Corp Stock Price, News & Analysis

Clarus Corporation (NASDAQ: CLAR) announced a quarterly cash dividend of $0.025 per share, payable on May 20, 2022, to stockholders of record as of May 9, 2022. This reflects the company's commitment to returning value to shareholders while emphasizing its focus on the outdoor and consumer enthusiast markets.

Clarus designs and distributes top-tier outdoor equipment and lifestyle products under well-known brands such as Black Diamond, Rhino-Rack, and MAXTRAX.

Clarus Corporation (NASDAQ: CLAR) will hold a conference call on May 9, 2022, at 5:00 p.m. Eastern time to discuss its Q1 financial results for the period ending March 31, 2022. The financial results will be announced in a press release prior to the call. Interested parties can join the conference using the toll-free number 1-877-511-3707 or listen online. A replay will be available after 8:00 p.m. Eastern on the same day, until May 23, 2022. Clarus specializes in outdoor equipment and lifestyle products, aiming for sustainable growth in the outdoor market.

Clarus Corporation announced an upsized credit facility, featuring a $300 million revolving credit and a $125 million term loan. Led by JPMorgan Chase and Bank of America, the total borrowing capacity reaches $600 million. This increase strengthens Clarus's acquisition strategy for 'Super Fan' brands and supports its growth plans. The revolving credit facility allows for foreign currency borrowings and has an interest rate based on adjusted SOFR or an alternative base rate, maturing in April 2027.

Clarus Corporation (NASDAQ: CLAR) reported record financial results for Q4 2021, with sales increasing 56% YoY to $118.2 million and annual sales rising 68% to $375.8 million. Key highlights include improved gross margins, with adjusted EBITDA reaching a record $20 million in Q4 and $61.5 million for 2021. The company anticipates 2022 sales of $470 million and adjusted EBITDA of $78 million. Additionally, Clarus acquired MAXTRAX, enhancing its Adventure segment. However, total debt rose significantly to $141.5 million, raising concerns about financial leverage.

Clarus Corporation (NASDAQ: CLAR) announced its participation in several upcoming investor conferences. Key events include the Raymond James 43rd Annual Institutional Investors Conference on March 9, 2022, and the D.A. Davidson 5th Annual Consumer Growth Conference on March 10, 2022. The company will also attend the Bank of America 2022 Consumer and Retail Technology Conference on March 10, followed by the 34th Annual ROTH Conference on March 14. Clarus focuses on outdoor and consumer enthusiast markets, aiming to grow iconic brands through innovative strategies.

Clarus Corporation (NASDAQ: CLAR) has declared a quarterly cash dividend of $0.025 per share, scheduled for payment on March 18, 2022. Stockholders of record as of March 7, 2022 will be eligible to receive this dividend. The company focuses on the outdoor and consumer markets and aims to enhance its portfolio of brands like Black Diamond and Rhino-Rack through innovation and growth strategies. The dividend highlights the company’s commitment to returning value to shareholders as it navigates a dynamic market landscape.

Clarus Corporation (NASDAQ: CLAR) will hold a conference call on March 7, 2022, at 5:00 p.m. Eastern time to discuss its financial results for Q4 and full year 2021. The results will be announced in a press release after market hours on the same day. Participants can join via toll-free dial-in (1-877-511-3707) or international dial-in (1-786-815-8672) using Conference ID 1581119. A replay will be available after 8:00 p.m. Eastern on the same day through March 21, 2022. For more information, visit Clarus's website.

Clarus Corporation (NASDAQ: CLAR) has appointed James Walker III to its board of directors, effective February 1, 2022. Walker brings over 30 years of investment and asset management experience, including roles at Vinson Ventures, Fir Tree Partners, and Black Diamond Capital Management. His background in risk management and investment strategies is expected to bolster Clarus' growth initiatives. Walker expressed commitment to enhancing shareholder value and expanding the company’s brand portfolio, while emphasizing his connection as a user of Clarus' outdoor products.

Clarus Corporation has appointed Greg Heichelbech as the General Manager of Rhino Rack USA, aiming to enhance growth in North America. With over 30 years of experience in the automotive aftermarket and powersports sectors, Heichelbech previously led the Accessory Group at Motorsports Aftermarket Group, increasing direct-to-consumer sales and product innovation.

Clarus President John Walbrecht emphasized the significant opportunities for Rhino Rack, supported by Heichelbech's expertise, to execute the company's 'Innovate and Accelerate' strategy.