earnings
confidence high
sentiment negative
materiality 0.80
Clarus Q4 net loss $65.5M; sales down 6.7% to $71.4M; provides FY2025 outlook
Clarus Corp
- Q4 net loss $65.5M ($1.71/diluted share) vs loss of $8.4M ($0.22) YoY; includes $44.8M goodwill impairment and $21M tax valuation allowance.
- Adjusted loss from continuing ops $3.2M ($0.08) vs adjusted income $1.6M ($0.04); adjusted EBITDA $4.4M (6.1% margin) vs $1.6M (2.1%).
- Outdoor segment sales $51.1M (+2.0% YoY); Adventure segment sales $20.3M (-22.9% YoY) due to OEM and wholesale channel challenges.
- Completed RockyMounts acquisition in December to expand Adventure's bike-rack portfolio; debt $1.9M at year-end.
- FY2025 guidance: sales $250-260M, adjusted EBITDA $14-16M (5.9% margin at mid-point), free cash flow $8-10M.