secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001104659-23-088344
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus Q2 sales down 27% to $83.7M; net loss of $2.1M; lowers FY2023 guidance
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- Sales $83.7M (down 27% YoY); net loss $2.1M vs income $3.8M; adj. EPS $0.11 vs $0.33 YoY.
- Adjusted EBITDA $7.3M (8.7% margin) vs $17.6M (15.3%) YoY; all segments declined.
- Outdoor sales declined 24% to $40.1M; Precision Sport down 27% to $25.8M; Adventure down 34% to $17.9M.
- FY2023 guidance lowered: sales $385-400M, adj. EBITDA $42-50M; free cash flow $30-35M.
- Net debt $127.2M, leverage 2.7x; credit facility matures 2027; NOL carryforwards $17.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465923088344/0001104659-23-088344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465923088344/tm2323068d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-088344

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