Clarus Q1 loss from continuing ops widens to $6.5M; Adventure sales up 27%

Clarus Corp

2024-Q1 EPS reported $0.57 revenue$69,311,000

Sales $69.3M vs $70.3M YoY; gross margin 35.9% (adj. 36.9%).
Loss from continuing ops $6.5M ($0.17/sh) vs $2.0M loss; adj. EBITDA $2.0M vs $1.1M.
Adventure segment sales +27% to $22.3M on OEM strength; Outdoor sales -11% to $47.0M.
Repaid $135M debt, terminated credit agreement; cash $47.5M, debt $0.1M.
Reaffirmed FY2024 guidance: sales $270-280M, adj. EBITDA $16-18M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clarus Corp reported the first quarter ended March 31, 2024 results: revenue $69.3 million, net income $21.9 million, EPS $0.57 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $69.3 million
Net income: $21.9 million
EPS: $0.57 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2024 Financial Summary vs. Same Year - Ago Quarter (adjusted to reflect the reclassification of the Precision Sport segment as discontinued operations) · Sales of $69.3 million compared to $70.3 million. · Gross margin was 35.9% compared to 36.3%; adjusted gross margin of 36.9% compared to 36.3%. · Net income, which includes the impact of

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Source: SEC EDGAR

accession 0001104659-24-056451

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