Overview

* Clarus ( CLAR ) Q3 sales rose 3% to $69.3 mln, beating analyst expectations

* Adjusted EBITDA for Q3 was $2.8 mln, exceeding analyst estimates

* Company reported a net loss of $1.6 mln, improved from prior year

Outlook

* Clarus ( CLAR ) focuses on unlocking value in Outdoor and Adventure segments

* Company aims to enhance profitability and long-term value creation

* Clarus ( CLAR ) targets growth opportunities in Americas and Europe

Result Drivers

* ADVENTURE SEGMENT - Sales increased 16%, supported by strong wholesale market in Australia and RockyMounts acquisition

* OUTDOOR SEGMENT - Black Diamond apparel sales rose 29%, offsetting some declines in other areas

* GROSS MARGIN - Slight improvement due to higher Adventure volumes and favorable Outdoor product mix

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $69.3 $66.50

mln mln (5

Analysts

)

Q3 EPS -$0.04

Q3 Net -$1.60

Income mln

Q3 Beat $2.80 $2.70

Adjusted mln mln (5

EBITDA Analysts

)

Q3 Gross 35.10%

Margin

Q3 4.00%

Adjusted

EBITDA

Margin

Q3 Capex $1.20

mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy"

* Wall Street's median 12-month price target for Clarus Corp ( CLAR ) is $3.75, about 8.5% above its November 5 closing price of $3.43

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)