Clarus Sees FY24 Revenue $270M-$280M Vs $275.62M Est.

5/2/24 5:53:11 PM ET

Recreational Games/Products/Toys

Consumer Discretionary

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2024 Outlook

The Company continues to expect fiscal year 2024 sales to range between $270 million to $280 million and adjusted EBITDA of approximately $16 million to $18 million, or an adjusted EBITDA margin of 6.2% at the mid-point of revenue and adjusted EBITDA. In addition, capital expenditures are expected to range between $4 million to $5 million and free cash flow is expected to range between $18 million to $20 million for the full year 2024.

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Recent Analyst Ratings for
$CLAR

Date	Price Target	Rating	Analyst
8/2/2024		Buy → Neutral	ROTH MKM
1/4/2024	$13.00 → $7.00	Buy → Hold	Jefferies
6/29/2023	$12.00	Buy	B. Riley Securities
5/3/2023	$12.00 → $10.00	Buy → Neutral	BofA Securities
11/8/2022	$31.00 → $9.00	Buy → Neutral	DA Davidson
8/18/2022		Outperform → Mkt Perform	Raymond James
3/8/2022	$38.50 → $42.00	Buy	DA Davidson
3/8/2022	$34.00 → $28.00	Outperform	Raymond James

More analyst ratings

$CLAR
Financials

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Clarus Reports Third Quarter 2024 Results
SALT LAKE CITY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary vs. Same Year‐Ago Quarter (adjusted to reflect the reclassification of the Precision Sport segment as discontinued operations) Sales of $67.1 million compared to $81.3 million.Gross margin was 35.0% compared to 33.6%; adjusted gross margin of 37.8% compared to 33.6%.Net loss, which includes the impact of discontinued operations, of $3.2 million, or $(0.08) per diluted share, compared to net lo
11/7/24 4:15:20 PM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary
Clarus Announces $0.025 Per Share Quarterly Dividend
SALT LAKE CITY, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, announced that its board of directors has confirmed the Company's regular quarterly cash dividend of $0.025 per share. The cash dividend will be paid on November 27, 2024, to all stockholders of record as of November 18, 2024. About Clarus CorporationHeadquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and innovation, our objective is to provide s
11/6/24 4:15:40 PM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary
Clarus Sets Third Quarter 2024 Conference Call for Thursday, November 7, 2024, at 5:00 p.m. ET
SALT LAKE CITY, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, November 7, 2024, at 5:00 pm ET to discuss its financial results for the third quarter ended September 30, 2024. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call. Date: Thursday, November 7, 2024Time: 5:00 pm ETRegistration Link: https://register.vevent.com/register/BI55fc3dd7523c4a8e885ce228015f2987 To access the call by phone, please register via the live call registration
10/24/24 4:15:58 PM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary

$CLAR
Press Releases

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Clarus Reports Third Quarter 2024 Results
SALT LAKE CITY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary vs. Same Year‐Ago Quarter (adjusted to reflect the reclassification of the Precision Sport segment as discontinued operations) Sales of $67.1 million compared to $81.3 million.Gross margin was 35.0% compared to 33.6%; adjusted gross margin of 37.8% compared to 33.6%.Net loss, which includes the impact of discontinued operations, of $3.2 million, or $(0.08) per diluted share, compared to net lo
11/7/24 4:15:20 PM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary
Clarus Announces $0.025 Per Share Quarterly Dividend
SALT LAKE CITY, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, announced that its board of directors has confirmed the Company's regular quarterly cash dividend of $0.025 per share. The cash dividend will be paid on November 27, 2024, to all stockholders of record as of November 18, 2024. About Clarus CorporationHeadquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and innovation, our objective is to provide s
11/6/24 4:15:40 PM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary
Clarus Sets Third Quarter 2024 Conference Call for Thursday, November 7, 2024, at 5:00 p.m. ET
SALT LAKE CITY, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, November 7, 2024, at 5:00 pm ET to discuss its financial results for the third quarter ended September 30, 2024. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call. Date: Thursday, November 7, 2024Time: 5:00 pm ETRegistration Link: https://register.vevent.com/register/BI55fc3dd7523c4a8e885ce228015f2987 To access the call by phone, please register via the live call registration
10/24/24 4:15:58 PM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary

$CLAR
Leadership Updates

Live Leadership Updates

Clarus Appoints Three Veteran Operating and Sales Executives to Support Adventure Segment's U.S., International and OEM Channels and Fuel Future Growth
- Appoints Tripp Wyckoff as General Manager of Adventure Americas -- Appoints David Cook as Global Head of OEM - - Appoints Daniel Bruntsch as Head of EMEA Sales - SALT LAKE CITY, July 18, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company") has made three important strategic hires for its Adventure segment ("Adventure") in order to accelerate growth in the U.S. and international markets and strengthen its global OEM initiatives. Adventure, comprised of Rhino-Rack, MAXTRAX, and TRED Outdoors, has appointed Tripp Wyckoff to the role of General Manager of the Americas, David Cook as Global Head of OEM and Daniel Bruntsch as Head of EMEA Sales. Mathew H
7/18/24 8:30:33 AM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary
Clarus' Black Diamond Equipment Appoints Neil Fiske as Brand President
SALT LAKE CITY, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Black Diamond, Equipment, Ltd., a leading manufacturer and distributor of innovative, high performance outdoor equipment, apparel, and footwear, and a subsidiary of Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), has appointed Neil Fiske to the role of Brand President. Fiske will be responsible for accelerating growth and lifting profitability by capitalizing on attractive expansion opportunities across various categories, channels and regions. He joins Black Diamond® from Marquee Brands, a leading brand accelerator with a portfolio of 13 brands. As a CEO for almost 20 years, he has extensive experience in the outdoor, ac
2/2/23 8:00:00 AM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary
Clarus Appoints James Walker III to its Board of Directors
SALT LAKE CITY, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor and consumer enthusiast markets, announced the appointment of James Walker III to its board of directors. Walker has over 30 years of experience in investing and asset management across multiple firms and industries. He currently serves as managing partner and founder of Vinson Ventures, LLC, a boutique investment firm where he focuses on building early-stage companies by actively working with founders and management. Walker was previously managing partner of Fir Tree Partners, a top 50 global alternative asset management firm, where h
2/1/22 8:00:00 AM ET
$CLAR
Recreational Games/Products/Toys
Consumer Discretionary

Clarus Sees FY24 Revenue $270M-$280M Vs $275.62M Est.

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Recent Analyst Ratings for $CLAR

$CLAR Financials

Live finance-specific insights

Clarus Reports Third Quarter 2024 Results

Clarus Announces $0.025 Per Share Quarterly Dividend

Clarus Sets Third Quarter 2024 Conference Call for Thursday, November 7, 2024, at 5:00 p.m. ET

$CLAR Press Releases

Fastest customizable press release news feed in the world

Clarus Reports Third Quarter 2024 Results

Clarus Announces $0.025 Per Share Quarterly Dividend

Clarus Sets Third Quarter 2024 Conference Call for Thursday, November 7, 2024, at 5:00 p.m. ET

$CLAR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Sokolow Nicolas bought $442,500 worth of shares (100,000 units at $4.42) (SEC Form 4)

Executive Chairman Kanders Warren B bought $79,249 worth of shares (18,400 units at $4.31), increasing direct ownership by 0.45% to 4,143,927 units (SEC Form 4)

Executive Chairman Kanders Warren B bought $1,160,034 worth of shares (280,000 units at $4.14), increasing direct ownership by 7% to 4,125,527 units (SEC Form 4)

$CLAR Market Insights

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$CLAR SEC Filings

$CLAR Large Ownership Changes

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B. Riley Securities Maintains Buy on Clarus, Raises Price Target to $9

12 Consumer Discretionary Stocks Moving In Friday's Intraday Session

Clarus shares are trading higher after the company reported better-than-expected Q1 revenue results and issued FY24 revenue guidance.

SEC Form 10-Q filed by Clarus Corporation

Amendment: SEC Form 8-A12B/A filed by Clarus Corporation

Clarus Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

Amendment: SEC Form SC 13G/A filed by Clarus Corporation

Amendment: SEC Form SC 13G/A filed by Clarus Corporation

SEC Form SC 13D/A filed by Clarus Corporation (Amendment)

$CLAR Leadership Updates

Live Leadership Updates

Clarus Appoints Three Veteran Operating and Sales Executives to Support Adventure Segment's U.S., International and OEM Channels and Fuel Future Growth

Clarus' Black Diamond Equipment Appoints Neil Fiske as Brand President

Clarus Appoints James Walker III to its Board of Directors

$CLAR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Henning Michael A sold $82,367 worth of shares (18,309 units at $4.50), decreasing direct ownership by 18% to 85,000 units (SEC Form 4)

Director Henning Michael A sold $230,267 worth of shares (51,691 units at $4.45), decreasing direct ownership by 33% to 103,309 units (SEC Form 4)

Director Sokolow Nicolas bought $442,500 worth of shares (100,000 units at $4.42) (SEC Form 4)

$CLAR Analyst Ratings

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Clarus Corporation downgraded by ROTH MKM

Clarus Corporation downgraded by Jefferies with a new price target

B. Riley Securities initiated coverage on Clarus Corporation with a new price target

Recent Analyst Ratings for
$CLAR

$CLAR
Financials

$CLAR
Press Releases

$CLAR
Insider Purchases

$CLAR
Market Insights

$CLAR
SEC Filings

$CLAR
Large Ownership Changes

$CLAR
Leadership Updates

$CLAR
Insider Trading

$CLAR
Analyst Ratings