All Rhino-Rack articles
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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 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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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 ...
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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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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 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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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 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 ...
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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 ...
