secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001104659-22-057513
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus Q1 record sales $113.3M (+50% YoY); adjusted EBITDA $19.7M (17.4% margin); FY outlook $470M sales
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465922057513/0001104659-22-057513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465922057513/tm2214886d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-057513

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