Clarus Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:21 pm EST
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Clarus Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 100.08 million compared to USD 115.72 million a year ago. Revenue was USD 100.08 million compared to USD 115.72 million a year ago. Net loss was USD 1.26 million compared to net income of USD 2.75 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.
For the nine months, sales was USD 281.19 million compared to USD 343.92 million a year ago. Revenue was USD 281.19 million compared to USD 343.92 million a year ago. Net loss was USD 1.76 million compared to net income of USD 11.82 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.32 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.3 a year ago.
Clarus Corporation is engaged in designing, developing, manufacturing, and distributing outdoor equipment and lifestyle products focused on the outdoor and consumer enthusiast markets. The Company operates through two segments: Outdoor and Adventure. The Outdoor segment includes Black Diamond Equipment and PIEPS brands, which offer a range of products including outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities. It also offers rock climbing footwear and equipment, technical backpacks and high-end day packs, trekking poles, headlamps and lanterns, and gloves and mittens. The Adventure segment includes Rhino-Rack and MAXTRAX and TRED brands, is a manufacturer of highly engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, recovery boards and accessories in Australia and New Zealand and a growing presence in the United States.