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Clarus Jumps 14% On Record Sales -Breaking

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Sam Boughedda

Clarus Corp (NASDAQ 🙂 jumped 14% after-hours Monday after the company reported its fourth-quarter results beating analysts’ earnings and revenue expectations.

Earnings per share for the developer, manufacturer and distributor of outdoor gear and lifestyle products was 45 cents, compared with 34 cents in the prior quarter. The record revenue was $118.2million, surpassing expectations of $106million.

For the entire year 2021, sales increased 68% to record $375.8M.

John Walbrecht, Clarus president, stated that “our record-setting fourth quarter performance is another indicator that our Innovate and Accelerate’ strategy is delivering our desired results across our Super Fan brand portfolio.” 

We reported record sales for the third quarter and an adjusted EBITDA of over $1 million. Walbrecht added that we continue to raise our gross margin profile despite the headwinds in the global supply chains. He highlighted the strength and partnership of our brands as well as the execution of operational excellence projects and the strength our supplier partnerships.

Clarus anticipates fiscal year 2022 sales increasing approximately 25% to $470m. Its outdoor segment will grow to $237.5M, its precision sport segment will rise to $112.5 Million, and its adventure section contributing about $120 million.

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