earnings
confidence high
sentiment positive
materiality 0.75
Clarus Q1 record sales $113.3M (+50% YoY); adjusted EBITDA $19.7M (17.4% margin); FY outlook $470M sales
Clarus Corp
2022-Q1 EPS reported
$0.13
revenue$113,276,000
- GAAP net income $5.3M ($0.13 diluted EPS) vs $5.7M ($0.17) prior year; adjusted net income $14.8M ($0.37) up 44%.
- Gross margin improved 320bps to 39.1%; adjusted gross margin 39.3%.
- Outdoor segment sales $51.5M (flat); Precision Sport +41% to $33.1M; Adventure $28.7M (includes Rhino-Rack, MAXTRAX).
- FY2022 outlook: sales ~$470M (+25%), adjusted EBITDA ~$78M (16.5% margin), capex ~$9M, FCF $50-60M.
- New credit agreement: $300M revolver and $125M term loan fully drawn; net debt leverage 1.9x; NOL carryforwards $60.7M.