All Pieps articles
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Article
Clarus 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 briefs
Bid 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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News briefs
Several Pieps and BD avalanche transceivers may have technical problems
Pieps and Black Diamond have identified a possible malfunction in the electronics of some of their avalanche transceivers that may prevent them from switching from “Send” to “Search” mode. Although the companies are still investigating the problem, both brands are currently asking end-users to immediately perform a safety inspection to ...
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Article
Clarus 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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Article
Black 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 briefs
Clarus 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 briefs
Clarus 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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Article
Clarus 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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Article
Clarus raises full-year guidance after Q1 sales jump
Clarus Corp , the parent company of Black Diamond and Pieps, raised its sales and adjusted Ebitda guidance for the full year, after posting a top line of $75.3 million in the first quarter, up by 41 percent on a reported basis and 39 percent higher at constant currencies. Excluding ...
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Article
Black Diamond parent Clarus sees strong growth
Clarus Corp , the parent company of Black Diamond and Pieps , announced that revenues in the fourth quarter surged by 24 percent to $75.9 million, or by 23 percent in constant currencies. This was mostly due to the company’s ammunition division, particularly gains in the Sierra Bullets ...
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News briefs
Pieps launches voluntary product recall
Austrian avalanche transceiver manufacturer Pieps , like Black Diamond part of U.S.-based Clarus Corp ., has launched a “voluntary product correction” initiative to improve the product safety of its DSP series avalanche beacons. In connection with the program, the company says, “Pieps has conducted extensive evaluations of the ...
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News briefs
Clarus announces preliminary Q4 and full-year 2020 results
Clarus Corp , the parent company of Black Diamond and Pieps , said in a preliminary statement on its fourth-quarter and 2020 full-year results that revenue in the latest quarter rose 23 percent from $61.0 million to about $75.0 million. This was largely the credit of the company’s ammunition ...
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Article
Black Diamond sales improve but remain below last year
Clarus Corp reported third-quarter sales for Black Diamond (BD), the group’s biggest brand, that bounced back from the second quarter, when revenues were hit by store closures in Europe and America. However, BD still posted an 8 percent decline in revenues compared with the third quarter of 2019, ...
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Article
Clarus expects lower sales for Black Diamond
While releasing preliminary results for the third quarter, Clarus Corp said it expects another quarter of declining sales for Black Diamond (BD), the group’s biggest brand. After recording a 47 percent drop in the second quarter, hit by store closures in Europe and America, BD will post a ...
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News briefs
Black Diamond partners with POW and FWT
Black Diamond Equipment announced a new partnership with Protect out Winters ( POW ). While it commenced with POW’s “Outdoor State” campaign in the U.S. in an effort to encourage people to vote, it is an annual partnership that will focus on climate advocacy. Additionally, Black Diamond and ...
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News briefs
Clarus raises $11.5m from three top investors to bolster financial strength
Utah-based Clarus Corporation, parent company of Black Diamond, Pieps, Sierra Bullets and Skinourishment, entered into an agreement with three of its top 10 investors - Brown Advisory, Greenhouse Funds and TT Investimentos - to sell 900,000 registered shares of the company to support future growth. The sale will be priced ...
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Article
Clarus expects Black Diamond and Sierra to grow
In a presentation at this year’s virtual edition of the Gateway Conference in San Francisco, an annual invite-only conference that brings together the most compelling companies with the nation’s top investors and analysts, Clarus called the Covid-19 pandemic a “potential blessing” for its Black Diamond and Sierra ...
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Article
Sluggish sales for Black Diamond
A weak performance from Black Diamond , Clarus Corp ’s biggest brand, pushed the group’s sales for the second quarter down by 36 percent to $30.0 million. The parent company of BD, Pieps and Sierra Bullets saw its net loss widen to $2.7 million, from $0.7 million for ...
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Article
Store closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp. ’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond , Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ...
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Article
Clarus buys a case maker, after making further progress
Clarus Corporation , the parent company of Black Diamond , Sierra Bullets and SKINourishment , continues to make acqusitions in adjacent sectors. It has announced the takeover of SKB Corporation , a leading U.S. producer of protective cases. The purchase price of around $96 million will consist of $85 ...