All Clarus Corp. articles
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ArticleClarus reports Q4 and FY24 results amid heavy impairment charges
Clarus reports a $65.5 million Q4 loss amid heavy impairments but sees growth in its outdoor segment while adventure sales struggle.
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News briefsRhino-Rack acquires RockyMounts, expanding Clarus' Adventure segment
Black Diamond’s parent company strengthens its portfolio, enhancing market reach and innovation in adventure gear with a strategic acquisition.
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News briefsIndustry veteran joins Clarus’ board
Seasoned financial expert Mark Besca brings decades of experience to the company’s board during a key phase of strategic growth.
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ArticleDespite declines, Clarus sees improvement in outdoor and adventure
Revenue shifts in outdoor and adventure gear reflect strategic adjustments aimed at overcoming challenging consumer demand in key market segments.
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ArticleClarus Q2 results hurt by weakness in EU wholesale, American consumer demand
The owner of Black Diamond and Pieps continued improvements in its Outdoor segment during the second phase of its three-year strategic plan despite facing challenges in North American consumer demand and European wholesale markets.
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News briefsClarus appoints three veteran experts to support Adventure segment
Clarus Corporation, owner of the Black Diamond and Pieps brands, among others, has made three strategic hires for its Adventure segment to accelerate growth in the US and international markets and strengthen its global OEM initiatives. The Adventure segment, which includes Rhino-Rack, Maxtrax and Tred Outdoors, has appointed Tripp Wyckoff ...
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ArticleQuarterly loss widens at Clarus
Despite the wider operating loss and slightly lower overall sales, Clarus, the parent of Black Diamond, Pieps, Rhino-Rack, Maxtrax and Tred Outdoors, saw sales momentum in its Adventure segment and operational improvement within the Outdoor segment. The period ending March 31 marked the first phase of the group’s three-year strategic ...
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ArticleSlimmed down Clarus focused on outdoor, adventure
Having completed the divestiture of its former Precision Sport business on Feb. 29, Clarus Corp., the parent of Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, says it has taken important steps to realign its brands and inventory levels and position its business for “long-term profitable growth as a pure-play, ...
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ArticleClarus sells Precision Sport segment
Salt Lake City-based Clarus Corp., the parent company of the outdoor and overlanding brands Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, announced on Dec. 29, 2023, that it has entered into a definitive purchase and sale agreement to sell its Precision Sport segment, which consists of the company’s Sierra Bullets ...
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News briefsClarus reports on status of HAP Trading short-swing profit litigation
On Nov. 20, 2023, Clarus Corp., the parent company of Black Diamond, Rhino-Rack, Maxtrax, Sierra and Barnes, submitted its expert’s report calculating the recovery that may be available to Clarus from HAP Trading, LLC and Mr. Harsh A. Padia’s (collectively called “HAP Trading“) purchases and sales of Clarus common stock ...
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ArticleClarus cuts FY guidance again after Q3 sales slip 14%
Clarus Corp. cut its full-year guidance for a second time after sales in the third quarter slipped by a reported 14 percent to $100.1 million and were 13 percent lower at constant currency rates. “Looking towards the fourth quarter, our priorities remain set on seeking the stabilization of sales and ...
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News briefsClarus acquires another Australian overlanding brand
Clarus Corporation, the parent company of Black Diamond, Rhino-Rack, Maxtrax, Sierra and Barnes, has invested in another company in the vehicle-based outdoor adventure / overlanding sector. The Utah-based company today announced the acquisition of Australia-based TRED Outdoors Pty Ltd. from Venlo Holdings. TRED is a fast-growing outdoor adventure brand that ...
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News briefsClarus retains financial advisor for possible sale of Precision Sport segment
In response to the non-binding expression of interest by Warren B. Kanders, Clarus Corp.’s Executive Chairman, to acquire the company’s Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries, the special committee of Salt Lake City, Utah-based Clarus’s Board of Directors hired Houlihan Lokey as the special ...
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News briefsBid entered for Clarus’ Precision Sport segment
Clarus has received from its own executive chairman a “non-binding indication of interest” to acquire for about $160 million the Precision Sport segment, which includes the Sierra Bullets and Barnes Bullets subsidiaries. Warren B. Kanders filed his statement of beneficial ownership with the U.S. Securities and Exchange Commission (SEC) on ...
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ArticleClarus posts Q2 loss, revises FY guidance downward
Despite 28 percent year-over-year sales growth in the direct-to-consumer channel, Clarus Corp. reported a Q2 loss of $2.1 million against a profit of $3.8 million for the period ended June 30.
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ArticleClarus experiences strong Black Diamond demand in Europe
Hampered by a difficult year-over-year comparison in its Adventure segment and promotional activity in the North American region, Clarus Corp. reported a 42 percent decline in Q1 operating income to $4.69 million from $8.1 million. Net income was down by 69.9 percent to $1.6 million from $5.3 million for the ...
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News briefsJohn Walbrecht exits Clarus
Black Diamond parent Clarus Corp. disclosed the March 31 contract termination of president John Walbrecht in a public filing. Additionally, the group does not anticipate filling the vacant executive position. Walbrecht’s departure from Clarus comes one month after the company reported an $89.4 million operating loss in Q4 due to ...
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ArticleNon-cash impairment charge drags Clarus to Q4 loss
Clarus Corp., whose management described 2022 as one of its most challenging years due to various macroeconomic headwinds, reported a net loss of $81.6 million against a profit of $14.0 million in Q4 ended Dec. 31. The result was impacted by a $92.3 million non-cash impairment charge. The fourth quarter ...
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News briefsBlack Diamond names new brand president
Clarus Corp. has appointed industry veteran Neil Fiske as brand president of Black Diamond Equipment Ltd., where he will be responsible for accelerating growth and lifting the profitability of BD by capitalizing on attractive expansion opportunities across various categories, channels and regions. A CEO for nearly two decades, Fiske ...
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ArticleClarus misses sales, earnings targets on currency effects, freight costs
Clarus Corp. reported an operating income of $6.1 million against a loss of $282,000 in the third quarter despite missing revenue and earnings per share projections. In reporting a 39 percent decline in net profit to $2.75 million from $4.53 million, the group said higher freight costs lowered its profitability ...
