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 Corporation (NASDAQ: CLAR) has declared a regular quarterly cash dividend of $0.025 per share, to be paid on August 19, 2022, to stockholders recorded as of August 8, 2022. This dividend reflects the company’s commitment to returning value to its shareholders while maintaining its focus on the outdoor and consumer enthusiast markets. Clarus operates under renowned brands including Black Diamond and Rhino-Rack, aiming for sustainable long-term growth in the outdoor equipment sector.
Clarus Corporation (NASDAQ: CLAR) will hold a conference call on August 1, 2022, at 5:00 p.m. Eastern time to discuss its financial results for Q2 2022, ending June 30. The press release with results will be available after market hours on the same day. Investors can register in advance and participate via the provided registration link. Clarus designs and distributes outdoor gear and lifestyle products under brands like Black Diamond and Rhino-Rack, focusing on growth through innovation and strategic acquisitions.
Clarus Corporation (NASDAQ: CLAR) will participate in several upcoming investor conferences to engage with shareholders and potential investors. The company will attend the William Blair 42nd Annual Growth Stock Conference on June 8, 2022, followed by the Stifel Cross Sector Insight Conference on June 9, 2022, and the Jefferies Consumer Conference on June 21-22, 2022. These conferences aim to showcase Clarus’s strategy in the outdoor and consumer enthusiast markets, as well as its portfolio of established brands.
Clarus Corporation (NASDAQ: CLAR) reported first-quarter 2022 sales of $113.3 million, a 50% year-over-year increase, with adjusted EBITDA reaching a record $19.7 million, reflecting a 17.4% margin. Net income was $5.3 million, or $0.13 per diluted share, slightly down from $5.7 million in the prior year. The Precision Sport segment saw a 41% sales increase, while logistics challenges limited Outdoor segment revenue. Clarus forecasts a 25% sales growth for the year, projecting total sales of $470 million, with expected adjusted EBITDA of approximately $78 million.
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.