All Maxtrax articles
-
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, ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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. ...
