Clarus Corporation (NasdaqGS:CLAR) will look for M&A. Chief Financial Officer, Mike Yates said, " Finally, I would like to address our capital allocation priorities. We are pleased with the long-term direction of our business, which we believe inherently provides us with additional growth opportunities for us to evaluate, both organically and through M&A. As previously highlighted, we have further borrowing capacity of nearly $275 million at June 30, 2022. And as we have historically shown, we will continue to seek to utilize our balance sheet, which we have strengthened by reducing leverage and increasing liquidity, as the first and foremost way to grow.

From a capital allocation strategy, we expect to continue to prioritize organic growth, accretive M&A, our quarterly dividend, and the repurchasing of shares, in that order. Specifically related to accretive M&A, we continue to be active in evaluating opportunities. Given the current economic backdrop, we are seeing more opportunities to consider, as well as lower expectations when it comes to price.

This is a key underpinning to our value creation strategy and one that we are well positioned to activate".