Clarus Q1 2023 sales down 14% YoY to $97.4M; adj. EPS $0.18 vs $0.37

Clarus Corp

2023-Q1 EPS reported $0.04 revenue$97,384,000

Net income $1.6M ($0.04 diluted EPS) vs $5.3M ($0.13) a year ago.
Adjusted net income $6.9M ($0.18 diluted) vs $14.8M ($0.37); Adjusted EBITDA $9.6M (9.9% margin) vs $19.7M (17.4%).
Outdoor segment sales +2% to $52.8M; Precision Sport fell to $27.1M; Adventure dropped to $17.5M from $28.6M.
FY 2023 outlook reaffirmed: sales ~$420M, adj. EBITDA ~$60M (14.3% margin), FCF $35-40M.
Operating cash flow improved to $3.2M from ($10.8M); net debt leverage 2.4x vs 2.0x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Clarus Corp reported the first quarter ended March 31, 2023 results: revenue $97.4 million, net income $1.6 million, or $0.04 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $97.4 million
Net income: $1.6 million, or $0.04 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and consumer enthusiast markets, reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary vs. Same Year-Ago Quarter · Sales of $97.4 million compared to $113.3 million. · Gross margin was 37.0% compared to 39.1%. · Net income of $1.6 million, or $0.04 per diluted share, compared to $5.3 million, or $0.13 per diluted

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Source: SEC EDGAR

accession 0001104659-23-054374

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