NASDAQ$CLAR

Clarus Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Clarus reported record second quarter results, with sales increasing 57% year-over-year.

Clarus Corporation reported a record second quarter with sales increasing 57% year-over-year to $114.9 million. The increase includes revenue contribution of approximately $22.8 million from Rhino-Rack and $4.3 million from MAXTRAX. Adjusted EBITDA increased 51% to $17.6 million, representing a 15.3% adjusted EBITDA margin. The company continues to expect fiscal year 2022 sales to grow approximately 25% to $470.0 million.

  • Sales increased 57% year-over-year to a record $114.9 million.
  • Organic sales were up 22% in the second quarter.
  • Adjusted EBITDA increased 51% to $17.6 million, with a 15.3% adjusted EBITDA margin.
  • The company approved a new $50.0 million stock repurchase program.

Headline financials

Total Revenue

$115M

Previous: $73.3M+56.8%
EPS (adj)

$0.33

Previous: $0.20+65.0%
Gross Margin

38.0%

Previous: 38.2%-0.5%
SG&A Expenses

$35.4M

Previous: $20.7M+71.0%
Adjusted EBITDA

$17.6M

Previous: $11.7M+50.4%
Capital Expenditures

-$4.07M

Previous: -$3.23M-26.3%
Free Cash Flow

-$308K

Previous: -$1.39M+77.8%
Net Income

$3.76M

Previous: $1.84M+104.6%
Operating Income

$7.79M

Previous: $6.67M+16.8%
Gross Profit

$43.7M

Previous: $28M+55.9%
Cash & Equivalents

$13.9M

Previous: $6.78M+104.8%
Total Assets

$638M

Previous: $294M+116.9%
Stock-Based Comp

$3.56M

Previous: $1.83M+94.7%

Revenue & EPS history

Clarus · Revenue · Quarterly

$115M

Q2 2022+56.8%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Clarus · $79.7M total across 2 segments · Q2 2022

  • Outdoor
    $52.6M
  • Adventure
    $27.1M

Forward guidance

Clarus continues to expect fiscal year 2022 sales to grow approximately 25% to $470.0 million and adjusted EBITDA in 2022 to be approximately $78.0 million, or an adjusted EBITDA margin of 16.5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.3%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-2.4%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+31.9%

Q4 2014

Best reaction

-25.9%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-10.5%-2.7%
Q4 2025-3.5%-1.6%-13.2%
Q3 2025+12.6%+6.2%+8.0%
Q1 2025-7.7%-7.7%-3.4%
Q4 2024+4.0%-7.0%-15.3%
Q3 2024-8.7%-8.9%-2.9%
Q2 2024-17.7%-25.8%-28.6%
Q1 2024+15.1%+6.6%+10.2%
Q4 2023+17.2%+15.9%+17.5%
Q3 2023-12.2%-14.2%+4.3%
Q2 2023+5.8%+6.5%-20.5%
Q1 2023-7.3%-12.1%-15.0%
Q4 2022+0.0%-0.1%-9.2%
Q3 2022-25.9%-19.3%-32.0%
Q2 2022+1.4%-0.4%-26.4%
Q1 2022-14.1%-1.9%-10.6%
Q4 2021-1.8%+6.0%-0.5%
Q3 2021-2.5%-4.5%-8.8%
Q2 2021+5.2%+1.6%-2.6%
Q1 2021+8.6%+8.7%+30.3%
Q4 2020+0.6%-0.1%-2.0%
Q3 2020-7.2%-10.6%-15.2%
Q2 2020-2.3%+0.6%+0.8%
Q1 2020-10.8%-9.9%+12.4%
Q4 2019-5.2%-12.2%-19.0%
Q3 2019-6.4%-4.1%-1.3%
Q2 2019-17.9%-21.5%-19.7%
Q1 2019+5.4%-0.3%-4.5%
Q4 2018-4.0%-5.7%+2.3%
Q3 2018+9.3%+12.5%+4.3%
Q2 2018+2.2%+4.3%+10.3%
Q1 2018+0.0%-0.7%+2.1%
Q4 2017+3.7%+1.5%+0.0%
Q3 2017+2.8%+4.3%+9.2%
Q2 2017-0.7%-6.3%+1.4%
Q1 2017+6.3%+9.3%+17.6%
Q4 2016-2.7%-5.4%-7.1%
Q3 2016+6.1%+13.3%+25.5%
Q2 2016-1.4%+3.3%+9.3%
Q1 2016-4.0%
Q4 2015-3.5%
Q3 2015-25.9%
Q2 2015-13.4%
Q1 2015+8.4%
Q4 2014+31.9%
Q3 2014+6.5%
Q2 2014-6.8%
Q1 2014-2.8%
Q4 2013+8.1%
Q3 2013-13.3%
Q2 2013-1.2%
Q1 2013-9.0%
Q4 2012+10.2%
Q3 2012-8.8%
Q2 2012-11.2%
Q1 2011+4.4%
Q1 2012+1.7%
Q4 2011+0.7%
Q4 2009+0.7%
Q3 2010-2.1%
Q3 2011-2.1%
Q4 2010-5.2%
Q2 2010-5.2%
Q2 2011-5.2%
Q1 2010+16.3%

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