---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-115419"
form_type: "8-K"
ticker: "CLAR"
cik: "0000913277"
company_name: "Clarus Corp"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T06:21:48.287179+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clarus Q3 net income drops 38% to $2.8M; cuts FY22 EBITDA guidance to $64M from $78M

## Summary
- Q3 sales $115.7M (+6% YoY, +9% constant currency); net income $2.8M ($0.07 diluted) vs $4.5M ($0.13) YoY.
- Adj EBITDA $15.1M (13.0% margin) vs $19.2M (17.7%) YoY; FX headwind $3.3M, freight headwind $2.3M.
- FY22 guidance cut: sales ~$445M (prior $470M); adj EBITDA ~$64M (prior $78M); free cash flow $0 to -$5M.
- Adventure segment sales $18.6M, down due to vehicle delivery constraints and weak demand in Australia and North America.
- Repurchased 527,277 shares for $7.2M in Q3; $42.8M remaining under $50M stock repurchase program.

## SEC filing metadata
- accession: 0001104659-22-115419
- form_type: 8-K
- ticker: CLAR
- cik: 0000913277
- company_name: Clarus Corp
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913277/000110465922115419/0001104659-22-115419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913277/000110465922115419/tm2229918d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115419
- JSON: https://secwatch.observer/filing/0001104659-22-115419.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115419.txt

## Key facts
- Earnings Releases
  Clarus Corp reported Third Quarter 2022 results: revenue $115.7 million, net income $2.8 million, EPS $0.07 per diluted share. Guidance lowered.
  - Period: Third Quarter 2022
  - Revenue: $115.7 million
  - Net income: $2.8 million
  - EPS: $0.07 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Clarus Reports Third Quarter 2022 Results – Sales in the Third Quarter of 2022 Increased 6% Year-Over-Year to $115.7 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/913277/000110465922115419/0001104659-22-115419-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.