NASDAQ$CLAR
Clarus Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Clarus reported third quarter results impacted by macroeconomic headwinds and inventory overhang, but made progress in strategic review, team rebuilding, and efficiency recalibration.
Clarus Corporation reported Q3 2023 sales of $100.1 million, a decrease compared to the same year-ago quarter. The company experienced a net loss of $1.3 million, or $(0.03) per diluted share. Adjusted EBITDA was $9.9 million, representing a 9.9% margin. The company is focused on stabilizing sales and margins, organizational reshaping, and cost reductions.
- Sales in the third quarter were $100.1 million, compared to $115.7 million in the same year-ago quarter.
- Net loss in the third quarter was $1.3 million, or $(0.03) per diluted share, compared to net income of $2.8 million, or $0.07 per diluted share, in the prior year’s third quarter.
- Gross margin in the third quarter increased 140 basis points to 35.5% compared to 34.1% in the year-ago quarter.
- Adjusted EBITDA in the third quarter was $9.9 million, compared to $15.1 million in the same year-ago quarter.
Headline financials
Revenue & EPS history
Clarus · Revenue · Quarterly
$100M
Revenue by segment
Clarus · $81.3M total across 2 segments · Q3 2023
- Outdoor$61.1M—75.2%
- Adventure$20.2M—24.8%
Forward guidance
The Company now expects fiscal year 2023 sales of $364 million to $368 million and adjusted EBITDA of $33 million to $35 million. In addition, capital expenditures are now expected to be approximately $6 million and free cash flow is now expected to range between $20 and $22 million for the full year 2023.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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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