earnings
confidence high
sentiment negative
materiality 0.85
Clarus reports Q4 net loss of $81.6M on $104.2M sales; 2023 sales guidance ~$420M
Clarus Corp
2022-FY EPS reported
-$1.88
revenue$448,106,000
- Q4 sales $104.2M vs $118.2M YoY; net loss $81.6M ($2.20 loss per share) includes $92.3M non-cash impairment in Adventure segment.
- Adjusted EBITDA Q4 $10.6M (10.2% margin) vs $20.0M (16.9%) YoY; full year adjusted EBITDA $63.0M (14.1% margin) vs $61.5M (16.4%).
- Full year 2022 sales record $448.1M (+19% YoY); net loss $69.8M ($1.88 loss per share) includes same impairment.
- 2023 outlook: sales ~$420M, adjusted EBITDA ~$60M (14.3% margin), capex $7-8M, free cash flow $35-40M.
- Precision Sport segment Q4 sales up 10% to $30.3M; Outdoor segment sales down to $55.3M due to North American destocking.