secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001104659-24-031919
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus reports Q4 loss, completes Precision Sport sale, debt-free with $40M+ cash; guides 2024 sales $270-280M
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- Q4 2023 sales $76.5M (+4% YoY); gross margin 28.9% vs 37.2%; adjusted EBITDA -$3.5M vs +$3.6M; adjusted EPS -$0.07 vs +$0.11.
- Precision Sport sale closed Feb 29 for $175M; proceeds repaid all $135M debt; company now debt-free with over $40M cash.
- FY2023 sales $286.0M (-9.3% YoY); adjusted EBITDA $1.2M vs $17.6M; adjusted loss per share $0.04 vs income $0.24.
- 2024 guidance: sales $270-280M, adjusted EBITDA $16-18M, free cash flow $18-20M.
- Adventure segment Q4 revenue up 43% to $26.4M; Outdoor segment down 9% to $50.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/0001104659-24-031919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/tm248231d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-031919

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