earnings
confidence high
sentiment positive
materiality 0.85
Clarus reports preliminary Q3 sales $107-108M, raises FY2021 outlook
Clarus Corp
2021-Q3 EPS reported
$0.35
revenue$257,611,000
- Preliminary Q3 2021 sales $107-108M, up 66-67% YoY; adjusted EBITDA $18.5-18.8M, up ~103-106%.
- Black Diamond sales up ~19%, Sierra up ~100%; Rhino-Rack added $19.5M in first quarter owned.
- FY2021 sales guidance raised to ~$362.5M (from $350M); adjusted EBITDA raised to ~$57M (from $52M).
- Cash and equivalents ~$10.9M, total debt ~$190M as of Sept 30, 2021.
- GAAP items: stock comp $3.1M, D&A $5.2M, purchase accounting inventory step-up $3.1M, transaction/integration costs $8.1M.