---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-054374"
form_type: "8-K"
ticker: "CLAR"
cik: "0000913277"
company_name: "Clarus Corp"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:55:12.445997+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-054374
- form_type: 8-K
- ticker: CLAR
- cik: 0000913277
- company_name: Clarus Corp
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/0001104659-23-054374-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/tm2314283d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-054374
- JSON: https://secwatch.observer/filing/0001104659-23-054374.json
- Plain text: https://secwatch.observer/filing/0001104659-23-054374.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/0001104659-23-054374-index.htm

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