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Clarus Corporation (CLAR)
NASDAQ:CLAR
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.01Last Year’s EPS
-$0.19Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -5.72%
|Next Earnings Date:Mar 10, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected positive operational improvements, particularly in the Outdoor segment with increased profitability and gross margin expansion. However, these were balanced by significant challenges in the Adventure segment, including sales declines and market softness, leading to a reduction in full-year sales guidance.Company Guidance
During the Clarus Corporation's Q3 2024 earnings call, the company provided guidance highlighting several key metrics and strategic efforts. The firm anticipates full-year sales to range between $260 million to $266 million, a reduction from previous expectations due to challenges in their Adventure segment. The Outdoor segment is projected to generate approximately $185 million in revenue, consistent with earlier guidance, with a focus on simplifying operations and enhancing profitability. Notably, the Outdoor segment's adjusted EBITDA increased by 25% year-over-year despite a 19% decline in revenue, underscoring the impact of strategic initiatives aimed at selling higher-margin 'A' style products. Gross margins for the third quarter improved by 420 basis points to 37.8%, driven by product simplification and favorable channel mix. The company expects to end the year with a cash balance above $50 million, reflecting a strategic focus on managing costs, optimizing inventory, and positioning for cash flow positivity in Q4. Overall, Clarus aims to leverage its debt-free balance sheet to drive future growth and profitability.Adjusted EBITDA Increase in Outdoor Segment
Despite a 19% decline in top-line sales, the Outdoor segment's adjusted EBITDA increased by 25% compared to the prior year, indicating improved operational efficiency.
Strong Gross Margin Improvement
Consolidated adjusted gross margins improved by 420 basis points year-over-year to 37.8%, with the Outdoor segment specifically showing a 580 basis point improvement.
Debt-Free Balance Sheet
Clarus ended the third quarter with over $36 million in cash and no debt, providing financial flexibility for future investments and operations.
Successful Simplification Strategy
The company successfully implemented a simplification strategy in the Outdoor segment, reducing complexity and focusing on high-margin A styles, contributing to improved profitability.
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CLAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $4.72 | $4.38 | -7.20% |
| Aug 01, 2024 | $5.70 | $4.91 | -13.86% |
| May 02, 2024 | $6.07 | $7.20 | +18.62% |
| Mar 07, 2024 | $5.17 | $6.43 | +24.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clarus Corporation (CLAR) report earnings?
Clarus Corporation (CLAR) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is Clarus Corporation (CLAR) earnings time?
Clarus Corporation (CLAR) earnings time is at Mar 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLAR EPS forecast?
CLAR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.01.
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