Highest-materiality recent filing
Clarus shareholders elect all five director nominees, approve say-on-pay and auditor ratification
84.66% of shares represented; all five director nominees elected with 20.4M to 22.4M for each.
Sales of $61.9M (+2.5% YoY); gross margin 36.8% (+240 bps); net loss $(0.09)/share vs $(0.14).
Clarus Q4 sales $65.4M, net loss $0.81/share; FY2026 guidance implies recovery
Q4 sales $65.4M (down 8% YoY); net loss $31.3M ($0.81 loss per diluted share) includes $29.9M goodwill impairment.
Clarus Q3 sales up 3% to $69.3M; net loss narrows, adjusted EBITDA rises 15%
Sales $69.3M (+3% YoY); Outdoor -1% to $48.7M, Adventure +16% to $20.7M.
Clarus Q2 net loss widens to $8.4M; sells PIEPS brand for $9.1M
Sales $55.2M, down 2% YoY; Outdoor +1% to $36.7M, Adventure -8% to $18.6M.
Clarus board allows Kanders to increase stake to 32.9%; two directors depart
Kanders (Executive Chairman) can acquire up to 5,940,700 additional shares, raising beneficial ownership from ~17.9% to 32.9% within 24 months.
Q1 sales $60.4M, down 13% YoY; net loss $(0.14) per diluted share; adjusted EBITDA margin (1.3)%.
Clarus Q4 net loss $65.5M; sales down 6.7% to $71.4M; provides FY2025 outlook
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.
Clarus and Black Diamond receive grand jury subpoenas from U.S. Attorney over avalanche transmitters
Clarus and subsidiary Black Diamond Equipment received grand jury subpoenas in January 2025 from the U.S. Attorney’s Office for the District of Utah.
Clarus appoints Mark M. Besca to Board and Audit Committee, expands board to seven directors
Mark M. Besca appointed to Board effective December 5, 2024, will serve until next annual meeting.
Clarus Q3 sales fall 17.5% to $67.1M; lowers FY2024 adjusted EBITDA guidance to ~$8M midpoint
Sales $67.1M, down from $81.3M YoY; net loss $3.2M ($0.08/share) vs loss $1.3M ($0.03/share).
Clarus amends Rights Agreement and adopts revised Bylaws, removing special meeting right
Amendment No. 1 to Rights Agreement on Sept 5, 2024 clarifies definitions of acquiring person and adds exemption process.
Clarus Q2 sales fall 2% to $56.5M, net loss $5.5M; cuts EBITDA guidance, reviews PIEPS
Q2 sales $56.5M (-2% YoY); net loss $5.5M ($0.14) vs $2.1M loss ($0.06) prior year.
Clarus shareholders elect six directors, ratify Deloitte as auditor at 2024 meeting
Approximately 85.06% of 38.3M outstanding shares voted; all six director nominees elected.
Clarus Q1 loss from continuing ops widens to $6.5M; Adventure sales up 27%
Sales $69.3M vs $70.3M YoY; gross margin 35.9% (adj. 36.9%).
Precision Sport segment sold for $175M, closed Feb 29, 2024; gain expected in Q1 2024.
Clarus posts $15.8M full-year continuing ops loss in 2023; sells Precision Sport for $175M
Sale of Precision Sport segment closed Feb 29, 2024 for $175M; expected gain in Q1 2024.
Clarus permits Greenhouse and Kanders to increase stakes to 15% and 26.7% under poison pill waiver
Greenhouse (current ~11.9% owner) approved to acquire up to 15.0% of CLAR common stock within 12 months.
Clarus appoints Roger Werner to Board of Directors effective March 8, 2024
Roger Werner, 74, appointed to Clarus Board, serves until next annual meeting.
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.
Clarus closes $175M sale of Precision Sport segment to JDH Capital; pays off all debt
Sale of Sierra Bullets & Barnes Bullets for $175M cash (before ~$742 working capital adjustment) closed Feb 29, 2024.
Director James E. Walker III resigns from Clarus board effective Jan 8, 2024
Resignation effective January 8, 2024; no replacement announced.
Clarus Corporation’s (the “Company”) Board of Directors appointed Mr. Roger Werner to serve on the Company’s Board of Directors effective as of March 8, 2024, until the Company’s next Annual Meeting of Stockholders and until his successor is duly elected and qualified.
On January 8, 2024, James E. Walker III notified the Board of Directors of Clarus Corporation (the “Company”) of his resignation as a director of the Company, effective as of January 8, 2024.
Max materiality 0.85 · Median 0.65 · Most common event earnings