Clarus CorpCLAR
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Q2 earnings beat with net income swing to profit, raised EBITDA guidance, and tariff refund.
Impact on stocks 1
Consumer Discretionary
Clarus CorpClarus 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.
Clarus CorpQ2 earnings beat with net income swing to profit, raised EBITDA guidance, and tariff refund.