secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001104659-23-054374
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/0001104659-23-054374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/tm2314283d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-054374

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