secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001104659-22-115419
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465922115419/0001104659-22-115419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465922115419/tm2229918d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-115419

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