Clarus Corp SEC Filings

Clarus Corporation reported Q2 2026 sales of $56.2 million, up 1.6% year over year, as strength in Outdoor offset weakness in Adventure. Outdoor sales rose 8.5% to $39.8 million, while Adventure declined 11.9% to $16.4 million amid softer wholesale demand in Australia and North America.

Gross margin expanded to 48.9% from 35.6%, helped by a $6.1 million IEEPA tariff refund and favorable mix, driving net income of $4.7 million (8.4% margin) versus an $8.4 million loss a year earlier. Adjusted net income was $6.8 million and adjusted EBITDA improved to $7.6 million, a 13.6% margin. Free cash flow turned positive at $0.6 million.

The company repurchased 153,331 shares for about $0.4 million and completed the bolt-on acquisition of ONWRD Supply Co., adding high-margin in-vehicle accessories. Management reiterated 2026 sales guidance of $245–$255 million and now expects adjusted EBITDA of $12–$13 million, with Q3 sales projected at $66–$68 million and adjusted EBITDA around $3 million, while a previously announced strategic review of alternatives remains ongoing.

Clarus Corp director Werner Roger received a grant of stock options covering 20,000 shares of common stock. These options have an exercise price of $3.11 per share and were awarded at no cost as a compensation-related grant. They were issued under Clarus’ Amended and Restated 2015 Stock Incentive Plan and will vest in four equal installments of 5,000 shares each on June 30, 2026, September 30, 2026, December 31, 2026, and March 31, 2027, if service-based conditions are met. Following this grant, Roger holds 20,000 stock options directly, which are scheduled to expire on May 28, 2036 if not exercised.

Clarus Corp director Nicolas Sokolow received a grant of stock options covering 20,000 shares of common stock. The options have an exercise price of $3.11 per share and expire on May 28, 2036. They were granted under Clarus’ Amended and Restated 2015 Stock Incentive Plan.

The award vests in four equal installments of 5,000 options on June 30, 2026, September 30, 2026, December 31, 2026, and March 31, 2027. Following this grant, Sokolow holds options to purchase 20,000 shares directly. This is a compensation-related grant rather than an open-market purchase or sale.

Clarus Corp director Susan Ottmann received a grant of stock options covering 20,000 shares of common stock. These options have an exercise price of $3.11 per share and expire on May 28, 2036. The grant was made under the company’s Amended and Restated 2015 Stock Incentive Plan.

The options vest in four equal installments of 5,000 shares each, becoming exercisable on June 30, 2026, September 30, 2026, December 31, 2026, and March 31, 2027. Following this grant, Ottmann holds 20,000 stock options directly.

Clarus Corporation reported the results of its Annual Meeting of Stockholders. Out of 38,441,486 shares of common stock outstanding and entitled to vote, 32,544,653 were present in person or by proxy, representing approximately 84.66% of the shares entitled to vote.

Stockholders elected five directors — Warren B. Kanders, Nicholas Sokolow, Susan Ottmann, Roger Werner, and Mark M. Besca — each to serve until the next annual meeting and until their successors are elected and qualified. They also approved an advisory resolution on executive compensation and ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026.

Clarus Corp director Mark Besca received a grant of stock options covering 20,000 shares of common stock. The options were awarded at an exercise price of $3.11 per share and were granted at no upfront cost. They expire on May 28, 2036 and were issued under the company’s Amended and Restated 2015 Stock Incentive Plan.

According to the vesting schedule, options for 5,000 shares will vest and become exercisable on each of June 30, 2026, September 30, 2026, December 31, 2026, and March 31, 2027. After this grant, Besca holds options to purchase 20,000 shares directly.

Clarus Corporation ownership update: Greenhouse Funds LLLP and related Greenhouse entities report shared beneficial ownership of 5,448,431 shares, representing 14.2% of Clarus Corporation common stock. Related entities Greenhouse Fund GP LLC, Greenhouse Master Fund LP, and Greenhouse Long Only Master Fund LP report beneficial holdings of 4,314,706, 1,997,839, and 2,027,088 shares, respectively. The filing lists shared voting and shared dispositive power for these holdings; none of the reporting persons claim sole voting or sole dispositive power. The report is signed by Joseph Milano as authorized person for the filers.

Clarus Corporation reported modestly higher first-quarter 2026 sales but narrowed profitability and cut its full-year outlook while launching a strategic review. Revenue rose to $61.9 million, up 2.5% from $60.4 million, and gross margin improved to 36.8% from 34.4%, helped by better mix in both the Outdoor and Adventure segments.

The company reported a net loss of $3.3 million, or $0.09 per diluted share, an improvement from a $5.2 million loss, while adjusted net income was $0.7 million, or $0.02 per diluted share. Adjusted EBITDA remained negative at $(1.1) million, slightly better than $(1.4) million, and free cash flow was $(5.7) million versus $(3.3) million.

Management lowered 2026 sales guidance to $245–$255 million and adjusted EBITDA to $3–$5 million, down from $255–$265 million and $9–$11 million, citing expected weakness in the Adventure segment in Australia and approximately $3 million of legal and regulatory expense. Free cash flow is now guided to be flat for 2026 and second-quarter adjusted EBITDA is expected to be about a $3 million loss.

The board has begun a comprehensive review of strategic alternatives, which may include a sale of all or part of the business or other strategic or financial transactions, and engaged Jefferies LLC as financial advisor. Clarus ended March 31, 2026 with $29.8 million in cash and no debt.