All Clarus articles
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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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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 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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ArticleClarus generates 37 percent of quarterly revenue gain from acquisitions
Clarus Corp, the Utah-based parent of Black Diamond and Rhino-Rack among others, reported a 16.8 percent increase in second-quarter operating income to $7,791,000 from $6,668,000 million for the period ended June 30. Net income increased by 105 percent year-over-year to $3,764,000 from $1,840,000. Gross margin slipped slightly to 38.0 percent ...
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ArticleClarus' outdoor results impacted by supply chain, logistics
Clarus Corp. posted a 7 percent decline in first-quarter net income to $5.3 million from $5.67 million despite a 50 percent increase in revenues to $113.3 million from $75.3 million. Sales benefitted from contributions from acquisitions Rhino-Rack ($24.5m) and Maxtrax ($24.5m). Outdoor segment sales were essentially flat at $51.5 ...
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News briefsClarus expands credit facility
To fund its ongoing search for new “Super Fan” brands, Utah-based Clarus Corp expanded its senior secured credit facility to $300 million and entered into a $125 million term loan facility. Including a $175 million accordion feature, the new agreement provides Clarus with a total borrowing capacity of up to ...
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ArticleClarus open to buy more “Super Fan” brands after record year
Clarus Corp., whose expanding portfolio now includes seven brands and three operating segments, generated a 99 percent increase in fourth-quarter net income to $14,046,000 from $7,069,000 on 56 percent topline growth to $118,183,000 from $75,947,000 for the period ended Dec. 31. Sales increased by 34 percent in the U.S. to ...
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News briefsClarus appoints GM for Rhino-Rack USA
Utah-based Clarus Corp. has appointed Greg Heichelbech as the new GM of Rhino-Rack USA, the U.S. branch of Australian overlanding company Rhino-Rack, which Clarus acquired in the summer of 2021. Heichelbech has over 30 years of leadership, operations, and sales and marketing experience working in the branded aftermarket, powersports and ...
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News briefsClarus with new CFO and COO
Clarus Corp., the Utah-based owner of the Black Diamond, Rhino-Rack, Maxtrax, Sierra and Barnes brands, has appointed a new CFO, Michael J. Yates. Yates has spent nearly 35 years in financial management positions. After working for PriceWaterhouseCoopers and KPMG, he served in various roles at IDEX Corporation, a diversified engineered ...
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News briefsClarus invests further in the Overlanding segment
Following its purchase of Rhino-Rack, Clarus Corp, the Utah-based parent company of Black Diamond and Pieps, has now bought Maxtrax, the group’s second brand in the “off-road vehicle accessories” sector. The segment has now been integrated into the group under the title “Overlanding.” Like Rhino-Rack, Maxtrax is an Australian company. ...
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ArticleBlack Diamond’s 20% gains help Clarus post higher Q3 sales
Clarus Corp. reported a jump in net earnings on an adjusted basis of 97 percent to $4.53 million in the third quarter ended Sept. 30, as sales grew by 69 percent to a record $109.0 million, with a 67 percent gain in constant currencies. On a pro forma basis, including ...
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News briefsClarus to generate new capital by offering 2.75 million shares of common stock
Clarus Corporation, a Salt Lake City, Utah-based company with brands including Black Diamond, Pieps and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital expenditures and potential acquisitions. The company ...
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News briefsClarus sees Q3 sales up 66-67%
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects sales in the third quarter ended Sept. 30 to grow by 66 to 67 percent on the year-earlier to reach $107-$108 million, as it pointed to momentum across all brands. Black Diamond sales are expected to ...
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ArticleBlack Diamond hires ski industry veteran Mike Hattrup
Salt Lake City-based outdoor company Black Diamond Equipment has named Mike Hattrup business unit director for its ski category. Hattrup will be responsible for the brand’s entire ski and snow safety category, including skis, avalanche transceivers, JetForce airbag backpacks, probes, shovels, as well as snowpacks and ski poles. As business ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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News briefs
Management changes at Black Diamond
Clarus brand Black Diamond (BD) is still undergoing a restructuring process in its Salt Lake City headquarters. According to a recent press release, Oliver Holzmann joined the team back in April 2020, taking on the position of vice president of global marketing. In his previous role at Red Bull, Holzmann ...
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ArticleOutdoor company stocks continue to gain ground in Q2
From the first quarter to the second quarter of 2021, the 32 outdoor stocks we track were up 13.82 percent. Neither the bike nor the retail companies had a major impact here, but rather a few of the large groups such as Anta Sports, Vista Outdoor and American Outdoor Brands, ...
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News briefsClarus finalizes acquisition of Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, among others, has completed the acquisition of Australia-based Rhino-Rack Pty Ltd, which we previously reported. Rhino-Rack will continue to operate independently as a wholly owned indirect subsidiary of Clarus and will form a third reporting segment. Clarus acquired Rhino-Rack ...
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ArticleClarus to acquire Australian roof rack manufacturer Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond, Sierra Bullets and Pieps, among others, reports that it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of roof racks, mounting systems, luggage boxes, carriers and other automotive accessories, for a total purchase ...
