Clarus sees FY24 sales $260M-$266M, consensus $273.58M

Due to softer global revenue and the continued investments in the Adventure segment to scale the business, the company now expects adjusted EBITDA of approximately $7M-$9M, or an adjusted EBITDA margin of 3.0% at the mid-point of revenue and adjusted EBITDA. In addition, the company now expects capital expenditures to range between $5.0M-$6.0M, of which $0.9M related to Precision Sport prior to disposal, and free cash flow to range between (6M)-(8M) for FY24.