Company description

Thu, 25 Nov 2010 05:00:00 GMT

Clarus Corporation is a leading provider of outdoor recreation equipment and lifestyle products. The Company’s principal brands are Black Diamond™ and Gregory Mountain Products®. The Company develops, manufactures and distributes a broad range of products including carabiners, protection devices, belay and rappel equipment, helmets, ropes, ice-climbing gear, backcountry gear, technical backpacks, high-end day packs, tents, trekking poles, gloves, skis, ski bindings and ski boots. Headquartered in Salt Lake City, Utah, the Company has more than 475 employees worldwide, with ISO 9001 manufacturing facilities in Salt Lake City and southeast China, a distribution center in Germany and a sales and marketing office located outside Basel, Switzerland. For more information about us and our brands, please visit www.claruscorp.com, www.blackdiamondequipment.com, and .

Research

Tue, 07 Aug 2018 14:24:00 GMT

Clarus Corporation (NASDAQ:CLAR) ($9.20, $276M market cap), a holding company that focuses on the outdoor and consumer industries, reported its Q2 earnings:

EPS of $0.06 vs -$0.11
Revenue of $45.8M vs. $30.6M

Management’s commentary:

“The strong results of our second quarter signal the momentum in our brands and reinforce that our strategy is working,” said John Walbrecht, president of Clarus. “Important metrics that confirm this performance include 14% sales growth from Black Diamond, including an 89% increase in apparel, and 32% pro forma growth in Sierra Bullets.

“We continued to translate these top-line results into significantly improved gross margin, profitability and cash generation. During the second quarter, gross margin improved by 510 basis points and we increased year-over-year adjusted EBITDA by $5.5 million.

We are going to be digging into CLAR’s medium term story as they have a couple of brands that we’re familiar with. We’ve been watching the company internally for a couple of months and we believe that the company’s turnaround is going to be worth keeping an eye on. CLAR is buying back stock and just re-implemented its dividend. We are going to focus on the company’s valuation to see if there’s an opportunity for multiple expansion.

From our experience, these types of companies may not turnaround quickly, but may prove to be better longer term stories.

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Company description

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