Clarus Corp

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States, Australia, China, Austria, and internationally. It operates in two segments: Outdoor and Adventure. The Outdoor segment offers apparel, rock-climbing footwear and equipment, technical backpacks, trekking poles, headlamps, gloves, and ski gear under the Black Diamond Equipment and PIEPS brands. The Adventure segment provides automotive roof racks, mounting systems, luggage boxes, and recovery boards under the Rhino-Rack brand, and overlanding and off-road vehicle recovery tracks under the MAXTRAX brand, as well as distributes and retails overlanding and off-road vehicle products under the TRED brand. The company markets and distributes through independent specialty stores, sporting goods and outdoor recreation stores, distributors, original equipment manufacturers, and its websites. It was formerly known as Black Diamond, Inc. and changed its name to Clarus Corporation in August 2017. Founded in 1957, it is headquartered in Salt Lake City, Utah.

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Clarus Q2 2026 Earnings Call Transcript

Clarus Corporation reported second quarter 2026 results with consolidated sales of $56.2 million, up 1.6% year-over-year, driven by an 8.5% increase in the Outdoor segment despite an 11.9% decline in the Adventure segment. Gross margin rose to 48.9% from 35.6%, primarily due to a $6.1 million IEEPA tariff refund, and net income was $4.7 million, or $0.12 per diluted share, compared to a net loss of $8.4 million in the prior year quarter. The company revised its full year 2026 adjusted EBITDA guidance upward to $12 million to $13 million, reflecting the tariff refund and the elimination of an estimated $2 million in legal expenses, while maintaining revenue guidance of $245 million to $255 million. Management also noted the Department of Justice closed its criminal investigation into Black Diamond and specific executives on June 4, 2026, and the company repurchased 153,331 shares for approximately $448,000, or $2.92 per share, during the quarter.

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