earnings
confidence high
sentiment positive
materiality 0.75
Clarus Q2 2022 sales up 57% to $114.9M; record adj. EBITDA $17.6M; new $50M buyback
Clarus Corp
2022-Q2 EPS reported
$0.23
revenue$228,209,000
- Record Q2 sales $114.9M (+57% YoY); net income $3.8M ($0.09) up 105%; adjusted EPS $0.33 (up 92%).
- Adjusted EBITDA record $17.6M (15.3% margin) vs $11.7M (15.9%) prior year.
- Board approved new $50M stock repurchase program, replacing prior $30M program with $10.8M remaining.
- FY2022 outlook: sales ~$470M (+25%); adj. EBITDA ~$78M; Precision Sport guide up to $127.5M; Adventure down to $105M; FCF $30-40M.
- NOL carryforwards $60.7M; $39.5M expiring Dec 31, 2022 expected to be fully utilized.