Clarus (CLAR) Reports Q2 EPS of $0.45

Clarus (NASDAQ: CLAR) reported Q2 EPS of $0.45, versus $0.34 reported last year. Revenue for the quarter came in at $118.2 million, versus $75.9 million reported last year.

GUIDANCE:

Clarus sees FY2022 revenue of $470 million.

• Clarus anticipates fiscal year 2022 sales to grow approximately 25% to $470.0 million compared to 2021. By segment, the Company expects sales for Outdoor to increase high-single digits to approximately $237.5 million, the Precision Sport segment to increase low-single digits to approximately $112.5 million, and the Adventure segment to contribute approximately $120 million.
• The Company expects adjusted EBITDA in 2022 to be approximately $78.0 million, or an adjusted EBITDA margin of 16.5%. In addition, capital expenditures are expected to be approximately $9.0 million and free cash flow is expected to range between $50.0 to $60.0 million.

For earnings history and earnings-related data on Clarus (CLAR) click here.

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