Clarus Q3 sales fall 17.5% to $67.1M; lowers FY2024 adjusted EBITDA guidance to ~$8M midpoint

Clarus Corp

2024-Q3 EPS reported $0.35 revenue$192,910,000

Sales $67.1M, down from $81.3M YoY; net loss $3.2M ($0.08/share) vs loss $1.3M ($0.03/share).
Outdoor segment sales $49.3M (-19% YoY); Adventure segment $17.8M (-11.9% YoY).
Adjusted EBITDA from continuing ops $2.4M (3.6% margin), down from $3.6M (4.5%).
FY2024 guidance: sales $260-266M, adj. EBITDA ~$7-9M (margin ~3.0% at midpoint).
Cash $36.4M, total debt $0; free cash outflow $9.4M in Q3 vs outflow $1.1M.

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