CLAR

Clarus delivered a second quarter that surpassed analyst revenue and non-GAAP profit expectations, with the market responding positively to its operational progress. Management attributed these results to targeted margin expansion in both the Outdoor and Adventure segments, as well as a notable benefit from IEEPA tariff refunds. Executive Chairman Warren Kanders emphasized the shift to a full-price model and cleaner inventory in the Outdoor segment, while President Neil Fiske highlighted that "our big 3 Outdoor categories of Mountain, Climb, and Apparel drove 95% of total segment revenues," further reinforcing the company’s focus on higher-margin products and reduced discounting. Is now the time to buy CLAR? Find out in our full research report (it’s free). Revenue: $56.16 million vs analyst estimates of $53.39 million (1.6% year-on-year growth, 5.2% beat) Adjusted EPS: $0.18 vs analyst estimates of -$0.07 (significant beat) Adjusted EBITDA: $7.64 million (13.6% margin, 273% year-on-year growth) The company reconfirmed its revenue guidance for the full year of $250 million at the midpoint EBITDA guidance for the full year is $12.5 million at the midpoint, above analyst estimates of $3.05 million Operating Margin: 8.1%, up from -19.7% in the same quarter last year Market Capitalization: $140.9 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Laurent Vasilescu (BNP Paribas) asked about the risk of wholesale order reductions due to a potentially warm winter. President Neil Fiske replied that any impact is expected to be modest, with confidence in the fall order book and second half product lineup. Laurent Vasilescu (BNP Paribas) requested guidance on modeling third and fourth quarter gross margins amid tariff uncertainties. CFO Mike Yates stated that margins at Adventure should hold around 40%, and Outdoor could see slightly higher margins in the back half. Laurent Vasilescu (BNP Paribas) inquired about inflation in raw materials and supplier dynamics for the next fiscal year. Fiske acknowledged some cost factor inflation for spring 2027, but said the full impact depends on the duration of the Middle East conflict and normalization of oil flows. In the coming quarters, the StockStory team will be watching (1) the sustainability of margin improvements as Clarus manages product mix and reduces discounting, (2) the progress and integration of ONWRD Supply Co. within the Adventure segment, and (3) the outcome of the ongoing strategic review process, including any announcements on potential divestitures or a sale. Additionally, developments regarding raw material inflation and geopolitical risks remain key factors to track. Clarus currently trades at $3.68, up from $3.37 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 5 p.m. ET Executive Chairman - Warren Kanders CFO - Mike Yates President of Black Diamond Equipment - Neil Fiske External Director of Investor Relations - Matt Berkowitz Operator: Good afternoon, everyone, and thank you for participating in today's conference call to discuss Clarus Corporation's financial results for the second quarter ended June 30, 2026. Joining us today are Clarus Corporation's Executive Chairman, Warren Kanders; CFO, Mike Yates; President of Black Diamond Equipment, Neil Fiske; and the company's External Director of Investor Relations, Matt Berkowitz. Following their remarks, we'll open the call for your questions. Before we go further, I would like to turn the call over to Mr. Berkowitz as he reads the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Matt, please go ahead. Matthew Berkowitz: Thank you. Before we begin, I'd like to remind everyone that during today's call, we will be making several forward-looking statements, and we will make these statements under the safe harbor provisions of the Private Securities Litigation Reform Act. These forward-looking statements reflect our best estimates and assumptions based on our understanding of information known to us today. These forward-looking statements are subject to potential risks and uncertainties that could cause the actual results of operations or financial condition of Clarus Corporation to differ materially from those expressed or implied by the forward-looking statements. More information on potential factors that could affect the company's operating and financial results is included from time to time in the company's public reports filed with the SEC. I'd like to remind everyone this call will be available for replay starting at 7:00 p.m. Eastern Time tonight. A webcast replay will also be available via the link provided in today's press release as well as on the company's website at claruscorp.com. Now I'd like to turn the call over to Clarus' Executive Chairman, Warren Kanders. Warren Kanders: Good afternoon, and thank you for joining Clarus' earnings call to review our results for the second quarter. I am joined today by our CFO, Mike Yates, who will provide a financial update, including Adventure segment performance as well as Neil Fiske, who will discuss our Outdoor segment. Overall, our second quarter performance reflected continued operational execution and simplification. Mike will discuss the IEEPA tariff refund, which we recognized during the quarter, which lifted earnings and gross margin. Excluding that benefit, our underlying results across both Outdoor and Adventure were solid and reflect progress across our overall earnings profile. At Outdoor, second quarter revenue, margin and EBITDA all increased year-over-year, evidence of the team's hard work concentrating inventory on our highest volume, highest margin products. Our big 3 Outdoor categories of Mountain, Climb and Apparel drove 95% of total segment revenues. Apparel is a key pillar of our long-term strategy. Our product continues to resonate with the consumer as we delivered Apparel sales growth for the fifth consecutive quarter. With cleaner inventory, less discounting and a shift toward a full-price model, we are well positioned to drive improved profitability at Outdoor. At Adventure, we have improved the organizational shape to capture more margin as the business rescales. While second quarter sales did not meet our expectations, ongoing pricing actions and cost controls have paid off. Second quarter gross margin improved 420 basis points year-over-year. We continue to balance rigorous cost discipline with targeted investments. During the second quarter, we completed the bolt-on acquisition of certain assets and liabilities of ONWRD Supply Co., enhancing our portfolio mix with complementary high-margin in-vehicle accessories. I would also like to highlight that we executed share repurchases during the second quarter under our $50 million buyback program. We bought back 153,331 shares for approximately $400,000 or $2.292 per share. We believe these repurchases represented an attractive use of capital. We maintain approximately $42.4 million under our program, and we'll continue to assess buyback opportunities while preserving financial strength and flexibility to make strategic investments. Turning to guidance. Despite continued geopolitical and macro uncertainty across the global Outdoor market, we still expect Clarus' full year revenue to fall within our previously provided guidance range. Including the IEEPA refund and certain other factors, Mike will detail shortly, we now expect 2026 adjusted EBITDA to range between $12 million and $13 million. Before passing it over to Neil, I will briefly touch on the review of strategic alternatives we announced in May. We continue to explore a range of potential actions aimed at unlocking value more effectively than the market is currently recognizing today. We have retained Jefferies as our financial adviser to assist in this process. Potential alternatives could include the sale of all or part of the business or other strategic or financial transactions involving the company. Please note that we will not be answering any questions or commenting further on our strategic review process until additional disclosure is appropriate or required. With that, thank you for being with us today, and I will turn the call over to Neil Fiske. McNeil Fiske: Thanks, Warren. Turning to Slide 6, I will review the Outdoor segment's second quarter performance and our expectations heading into the remainder of 2026. Overall, Black Diamond had a strong Q2 with revenue margin and EBITDA, all well ahead of prior year as our strategy of simplification, focus and business reshaping continues to pay off. Note, my remarks exclude our divested PIEPS business from the prior year to provide more comparable results. Total revenues for the quarter were up 9.1%, reflecting growth in all regions and across our major categories. Our big 3 segments of Mountain, Climb and Apparel drove 95% of total revenues and grew 9.5%. The takeaway is clear. The core of our business is healthy and growing. For the quarter, Mountain was ahead 7.4% versus prior year. The Climb segment posted a very strong 13.5% growth rate. Apparel was up 7.4% for the quarter. Notably, for Apparel, in-line sales were ahead, a robust 22.9%, while clearance and discontinued merchandise was down 61%, showing a much healthier full-price business and fewer markdowns. We're seeing excellent response and building momentum for our revamped apparel offering. Gross margin is also a good story for the quarter, although a more complicated one with the ever-changing situation on tariffs. We received $6.1 million in tariff refunds in Q2, which lifted our gross margins to 52.0% versus 34.9% in the prior year. Even without the tariff refund, however, gross margins improved 160 basis points to 36.5% compared to the prior year period. The improvement reflects the progress we've made in the quality of our inventory, our focus on our most profitable categories, less discounting and a more full price premium business model. Second quarter selling, general and administrative expenses were $13.8 million compared to $13.7 million in the same year-ago quarter. Second quarter 2026 expenses reflect higher marketing costs. Other operating expenses for the quarter included a benefit of $1.4 million for CPSC legal adjustments, which Mike will address shortly. Adjusted EBITDA for the second quarter came in at $9.0 million. Putting aside the tariff refund and the CPSC legal adjustment, adjusted EBITDA for the quarter would have been $1.5 million compared to $0.3 million in the prior year period. Inventory ended the quarter at $72.2 million, up 12% versus the prior year period. The increase reflects the growth of the business and the build for what we expect to be a strong second half. Now turning to results by region and channel. North America wholesale grew 0.5% on top of 4.8% growth in Q1. North America digital direct-to-consumer, which represents 17.7% of the region's revenue was up 5.7% on the top line, with much healthier margins and less discounting. EU wholesale was up 25.3% in dollars and 16.7% in constant currency. EU digital D2C, which represents 5.3% of the region's revenue was down 10.6% in constant currency as we pulled back on promotional activity and less profitable transactions. Our international distributor channel was up 10.6% for the quarter. In sum, we are pleased with our results in Q2 and for the first half. Our strategy is paying off. Execution continues to improve. Product and marketing are resonating with the consumer. Our relationships in the wholesale channel have never been stronger. Our big 3 categories have real momentum. We feel confident going into the second half, mindful that the conflict in the Middle East remains a major geopolitical and business risk. I'd like to congratulate and thank our teams around the world for all their hard work, passion and skill in driving these results. With that, I'll turn it over to CFO, Mike Yates. Michael J. Yates: Thank you, Neil, and good afternoon, everyone. On today's call, I'll provide an update on the Adventure segment and then conclude with a summary of our Q2 financial results, followed by the question-and-answer session. Starting with Adventure. As expected, our top line results in Q2 were pressured by a challenging market in both North America and Australia. In North America, initiatives to reach new customers have not met expectations. The one positive in the North American market remains the RockyMounts business, where we continue to see solid demand. With a new product introduction, we expect RockyMounts to remain on a growth trajectory. In Australia, where we had previously noted a difficult outlook, sales were better than forecast despite consumers dealing with higher fuel prices and elevated interest rates. RockyMounts continues to be a bright spot in Australia, showing increased traction. In Europe and Asia, brand penetration is also improving as we delivered double-digit growth in France, Germany, the U.K. and Japan. Although that strength was not sufficient to offset weaknesses in our larger markets, an important point to make about the softer sales is that we believe that the decline has been market-driven rather than share-driven. Against this backdrop, we continue to focus on what we can control, driving margin expansion, maintaining cost discipline and improving operational efficiency. Gross margin hit 41.5% in Q2, up 420 basis points compared to the prior period. Our SG&A continues to be managed tightly and was down $0.6 million compared to the prior period. Specifically, headcount is down 20% and the cost base is 11% lighter. The business is above breakeven on materially lower revenue. As Warren mentioned, we acquired certain assets and liabilities of ONWRD Supply Co., a small in-vehicle accessory business that enhances our portfolio mix. These are high-margin products and immediately add new exciting product SKUs to our offering. We are committed to investing with discipline and building for the next cycle. The first of a new series of [ Rhino-Rack ] legs launches in September alongside ONWRD in Australia in time for spring/summer season. And our recently launched MAXTRAX integrated shovel has outsold forecast in every market. We will be presenting at Automechanika and SEMA this fall, and we are bringing an exciting assortment of new products across all 4 brands for the Northern Hemisphere spring 2027 season. We expect the double-digit growth in Europe and Asia to accelerate further with OEM interest from multiple European carmakers. We continue to take decisive actions on the cost side while we rebase our product initiatives to drive newness and growth. We have expanded RockyMounts via new U.S. and Australian accounts, increased Rhino-Rack and MAXTRAX's brand penetration across Asia, Europe and the U.K. and begun to introduce ONWRD to the broader market. We see a path to maintaining the margin improvement realized in Q2 moving forward despite moderate sales expectations for the remainder of the year at Adventure. With that, let me now turn to the consolidated and segment financial review on Slide 8. Consolidated Clarus second quarter sales were $56.2 million compared to $55.2 million in the second quarter of the prior year. Sales were up 1.6% compared to the prior year. On a reported basis from a segment perspective, Outdoor was up 8.5% and Adventure was down 11.9%. As Neil mentioned, sales were up in nearly every market and the weakness at Adventure was primarily in the North American and Australian wholesale markets for Rhino-Rack. The consolidated reported gross margin rate in the second quarter was 48.9% compared to 35.6% in the prior year quarter. We received that IEEPA tariff refunds associated with the Outdoor segment during the quarter. Specifically, Outdoor received a total of $6.4 million, which represented $6.1 million of refunds of tariffs previously paid and $3 million (sic) [ $0.3 million ] of interest income. The $6.1 million of tariff refunds were recorded as a reduction to cost of goods sold and the interest income is recorded in other income and expense in our income statement. From a segment perspective, gross margin was 52% at Outdoor and 41.5% at Adventure. Excluding the tariff refunds, Outdoor's gross margin would have been 36.5%, while the consolidated Clarus gross margin would have been 38%. Gross margin improvements, excluding the tariffs were attributable to price capture and favorable product mix at both the Outdoor and Adventure segments. Second quarter selling, general and administrative expenses were $24.3 million compared to $26.9 million in the same year ago quarter. Second quarter 2026 expenses reflect lower marketing costs and other expense reduction initiatives at Adventure to manage cost and the removal of PIEPS due to its sale last year, partially offset by higher marketing spend at Outdoor. Adjusted EBITDA in the second quarter was $7.6 million or an adjusted EBITDA margin of 13.6%. The second quarter adjusted EBITDA by segment was $0.5 million at Adventure and $9 million at Outdoor. Adjusted corporate costs were $1.9 million in the second quarter. Let me shift over to liquidity and the balance sheet. Free cash flow, defined as net cash provided by operating activities less capital expenditures for the second quarter 2026 was $0.6 million compared to a $11.3 million outflow for the 3 months ended June 30, 2025. At June 30, 2026, total debt was 0. At June 30, 2026, cash and cash equivalents were $28.9 million compared to $36.7 million at December 31, 2025. As Warren mentioned, we repurchased 153,331 shares of common stock during the quarter for approximately $448,000 or $2.92 per share. With that, let me move on to our 2026 outlook. I'm on Slide 9. We continue to expect fiscal year 2026 sales to be between $245 million and $255 million. We now expect full year revenue at Adventure to be approximately $68 million and full year Outdoor revenue to be approximately $182 million. We have revised our full year 2026 adjusted EBITDA to be in the range of $12 million to $13 million or an adjusted EBITDA margin of 5% at the midpoint of our revenue and adjusted EBITDA ranges. The revision to our full year adjusted EBITDA guidance compared to our prior guidance of $3 million to $5 million is as follows. Assuming the midpoint of the 2 guides, the primary difference between the $4 million and the $12.5 million is the benefit of the $6 million of tariff refunds and the elimination of $2 million of estimated legal expenses that will not be incurred during the remainder of the year. As a reminder, last quarter, we assumed $1 million a quarter for each quarter for the remainder of the year. We incurred $1.2 million of legal expenses in the second quarter, slightly higher than expected, but we now expect to avoid these types of legal expenses in the back half of the year. I will explain further in a moment. Turning to the third quarter. Sales are expected to range between $66 million and $68 million, and adjusted EBITDA is expected to be approximately $3 million in the third quarter of 2026. Now I'd like to discuss our legal update. Specifically, I will cover updates with regards to the company's Section 16(b) litigation and the CPSC and DOJ matters involving Black Diamond Equipment Limited. In the company's action against HAP Trading, LLC and Mr. Harsh A. Padia for disgorgement of short-swing profits under Section 16(b), the District Court granted summary judgment to the defendants on March 14, 2025, based on the market-making exemption under 16(b). The company's timely appealed and appeal was argued before the Second Circuit on February 12, 2026. The SEC has declined the Court's invitation to submit an Amicus brief, and the company is awaiting the Second Circuit Court's decision. The company's Section 16(b) action against Caption Management and its related entities and controlling person was resolved under a February 24, 2026 settlement agreement pursuant to which Caption paid the company an undisclosed sum in exchange for, among other things, mutual releases and dismissal of the claims with prejudice without any admission or liability of wrongdoing. The related stockholder action was dismissed without prejudice on February 10, 2026, as duplicative of the company's direct action. On April 11, 2026, the stockholders' attorney filed an action against the company in the New York State Supreme Court seeking legal fees. The company intends to defend that action and argue that any recoverable fees are limited to services performed before the company filed its direct action. With respect to the CPSC and DOJ matters, the CPSC previously referred to the DOJ, the unresolved matters concerning Black Diamond's reporting obligations relating to certain avalanche transceivers. On June 4, 2026, the DOJ advised the company and Black Diamond that it had closed its criminal investigation as to them. On the same date, the Department of Justice separately advised John C. Walbrecht and Rick Vance that had also closed the investigation as to each of them. The company has heard nothing further from the CPSC or the DOJ regarding these matters. In addition, on January 28, 2026, the CPSC closed without further action, a separate investigation into whether Black Diamond sold products subject to a recall. As such, we expect to save on legal expenses in the back half of the year per my comments around the 2026 guidance. In closing, we are focused on unlocking the intrinsic value of our Outdoor and Adventure segments and maximizing long-term value for our shareholders. With a more focused business, a simplified operating structure and a debt-free balance sheet, we believe we are well positioned to execute the next phase of our transformation. At this point, operator, we're ready to take questions. Operator: [Operator Instructions] Our first question comes from Laurent Vasilescu with BNP Paribas. Laurent Vasilescu: I was curious to know about in the context of a potentially very warm winter, what your conversations are, like, with your retail partners if you're having those discussions with potentially trimming any wholesale orders? Or is that not in the cards just yet? Michael J. Yates: Laurent, you're referring to the coming winter, I assume, right? Warren Kanders: Neil, why don't you handle that? Michael J. Yates: Yes, Neil, why don't you go ahead? McNeil Fiske: Sure. I'd say overall, there may be a little bit of a dampening effect from last year, but not a major concern for us at this time. We feel good about our fall order book and the sales outlook for the second half and feel good about our product lineup. So I'd say to the extent there is an impact, it's been relatively modest and overcome by the strength of our product assortment heading into the back half. Laurent Vasilescu: Very, very clear. And then I would love to hear more about how we should think about modeling potentially 3Q, 4Q gross margins. There's a lot of noise, right, with the tariff rates and so forth. Just curious to know maybe if you guys can maybe unpack that a little bit as we think about this year with the new Section 301? Michael J. Yates: Yes, Laurent, I can help you with that. In my prepared remarks around the Adventure, I mentioned that the 41.5% margins that we realized here in the second quarter, we're doing everything we can to maintain those. So I think it's reasonable to kind of hold around that 40% margin at Adventure. And at Black Diamond, when you back out all the tariffs and the impact that we talked about there, the adjusted margin -- not that we published an adjusted margin. But if you back out the tariffs, it was at 36.5%. I think in the back half of the year, you'll see that even a little higher. I think you could model 37%, 37.5%. Laurent Vasilescu: Very helpful. That's -- and then the last question here is really around inflation in terms of raw materials. Just love to get your take. I mean, we've heard some other sporting goods names talk about potential inflation in raw materials. Curious to get your take on how we should think about -- I know you're not guiding for fiscal year '27 yet, but how do we think about the context of your conversations with your upstream suppliers? That would be very helpful. Michael J. Yates: Neil, do you want to talk about our factory costs and the impact the war has had on driving inflation? McNeil Fiske: Yes, it's a great question, and it's something we're watching very closely and are concerned about. I'd say at this point, we've seen some cost factor inflation coming through for spring '27. But frankly, I think a lot of people are still watching to see if this conflict in the Middle East is prolonged or if oil will start flowing again. And I don't think we're going to know the picture on '27 for another couple of months. And it all depends, of course, on the situation starting to normalize again. But there has been some inflationary impact already. I think the potential that we all feared when this conflict broke out hasn't yet fully materialized, but everybody is watching and waiting. Operator: I'm showing no further questions at this time. I'd now like to turn it back to Mike Yates for closing remarks. Michael J. Yates: Thank you very much. I want to thank everyone for attending the call this afternoon and your continued support and interest in Clarus. We look forward to updating you on our results again next quarter. Thank you again. Operator: Thank you for your participation in today's conference. This concludes the program. You may now disconnect. Before you buy stock in Clarus, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Clarus wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 13, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Clarus (CLAR) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance in the second quarter was driven by a strategy of simplification, focusing inventory on high-volume, high-margin products within the Outdoor segment. The Outdoor segment's 'Big 3' categories—Mountain, Climb, and Apparel—now account for 95% of total segment revenues, reflecting a deliberate concentration on core strengths. Apparel growth for the fifth consecutive quarter was supported by a shift toward a full-price model with significantly reduced markdowns and cleaner inventory levels. Adventure segment margins expanded by 420 basis points despite sales pressure, attributed to rigorous cost discipline, pricing actions, and a 20% reduction in headcount. Management characterizes the sales decline in the Adventure segment as market-driven rather than a loss of market share, particularly in North American and Australian wholesale. The acquisition of ONWRD Supply Co. assets was executed to enhance the portfolio with high-margin, in-vehicle accessories that complement existing brands like Rhino-Rack. Full-year 2026 adjusted EBITDA guidance was raised to $12 million to $13 million, primarily reflecting the $6 million tariff refund and $2 million in expected legal cost savings. Management expects to maintain Adventure segment gross margins around 40% for the remainder of the year despite moderate sales expectations. Outdoor segment margins are projected to reach 37% to 37.5% in the second half of the year, excluding the impact of one-time tariff refunds. The company is exploring strategic alternatives, including potential sales of all or part of the business, to unlock value not currently recognized by the market. Future performance remains subject to geopolitical risks, specifically the conflict in the Middle East and its potential impact on global supply chains and oil prices. The company recognized a $6.1 million IEEPA tariff refund plus $0.3 million in interest, which significantly boosted reported gross margins and EBITDA for the quarter. The Department of Justice closed its criminal investigation into Black Diamond's reporting obligations for avalanche transceivers without further action. A separate CPSC investigation into the sale of recalled products was also closed without action, leading to a reduction in projected legal expenses for the second half of 2026. Clarus executed share repurchases of 153,331 shares at an average price of $2.92, viewing the current market valuation as an attractive entry point for capital allocation. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted a modest dampening effect from the previous year's weather but expressed confidence in the fall order book and product assortment. The strength of the current product lineup is expected to overcome potential weather-related headwinds in the second half of the year. CFO Mike Yates suggested modeling Adventure margins at approximately 40% and Outdoor margins between 37% and 37.5% for the back half of the year. These projections exclude the one-time tariff refund noise to reflect underlying operational improvements. Management has observed some cost factor inflation for the Spring 2027 season but believes the full picture will not be clear for several months. The primary variable for future inflation is whether the Middle East conflict prolongs or if regional oil flow and logistics normalize.

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Outdoor segment revenue, margin, and EBITDA all increased year-over-year, with total revenues up 9.1% and strong growth in climb (13.5%) and apparel (7.4%). Gross margin improved significantly, with outdoor gross margin up 160 basis points (excluding tariff refunds) and adventure gross margin up 420 basis points year-over-year. Apparel sales grew for the fifth consecutive quarter, with inline sales up 22.9% and a shift toward a full-price model, reducing discounting. The company completed a bolt-on acquisition of Onward Supply Company, adding high-margin in-vehicle accessories to enhance portfolio mix. Executed share repurchases under the $50 million buyback program, buying back 153,331 shares at an average price of $2.92 per share. Adventure segment showed resilience with gross margin expansion and cost discipline, including a 20% headcount reduction and 11% lighter cost base. Legal uncertainties reduced as the DOJ closed its criminal investigation into Black Diamond, and the CPSC closed a separate investigation, leading to expected savings in legal expenses. The company maintains a debt-free balance sheet with $28.9 million in cash, providing financial flexibility. Strong growth in international markets, with EU wholesale up 25.3% and double-digit growth in France, Germany, UK, and Japan for adventure. New product introductions, such as Maxtrax's integrated shovel, have outperformed forecasts, and the company is expanding Rocky Mountains into new accounts. Adventure segment sales declined 11.9% year-over-year, missing expectations due to challenging markets in North America and Australia. North American initiatives to reach new customers in adventure have not met expectations, with weakness in the wholesale market for Rhino Rack. EU digital D2C sales were down 10.6% in constant currency as the company pulled back on promotional activity. The company faces ongoing geopolitical and macro uncertainty, including the Middle East conflict, which poses a risk to the outdoor market and could impact future costs. Raw material inflation is emerging for spring 2027, with potential for further cost increases depending on the duration of the Middle East conflict. Full-year adjusted EBITDA guidance was revised down to $12-13 million from $3-5 million, but this is primarily due to one-time benefits (tariff refunds and legal expense savings) rather than operational improvement. Inventory levels increased 12% year-over-year, which could lead to future discounting if demand softens. The company is still awaiting a decision on the Section 16B litigation appeal, and a stockholder action for legal fees has been filed, adding legal uncertainty. Adventure segment is only about break-even on materially lower revenue, indicating limited profitability in that segment. The strategic review process, including potential sale of parts of the business, creates uncertainty for shareholders. Warning! GuruFocus has detected 3 Warning Signs with CLAR. Is CLAR fairly valued? Test your thesis with our free DCF calculator. Q: How should we think about modeling 3Q and 4Q gross margins given the noise from new tariff rates and the Section 301 changes?A: Mike Yates (CFO) advised that for the Adventure segment, the 41.5% gross margin realized in Q2 is expected to be maintained, so modeling around 40% is reasonable. For Black Diamond (Outdoor), excluding the tariff refund impact, the adjusted margin was 36.5% in Q2, but he expects this to be slightly higher in the back half of the year, suggesting a model of approximately 37.5%. Q: In the context of a potentially very warm winter (El Nino effect), what are your conversations with retail partners about potentially trimming wholesale orders?A: Neil Fisk (President of Black Diamond Equipment) stated that while there may be a modest dampening effect from last year's weather, it is not a major concern. The company feels good about its fall order book and product lineup heading into the second half, and any potential impact is expected to be overcome by the strength of their product assortment. Q: Can you provide your take on raw material inflation and how we should think about it for fiscal year 2027, given your conversations with upstream suppliers?A: Neil Fisk (President of Black Diamond Equipment) acknowledged that they have seen some cost factor inflation coming through for spring 2027, but noted that many are still watching to see if the Middle East conflict is prolonged or if oil starts flowing again. The full picture for 2027 won't be clear for another couple of months, and while there has been some inflationary impact, the worst-case scenario feared when the conflict broke out hasn't fully materialized yet. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Clarus Corporation? Here are five stocks we like better. Second-quarter sales rose 1.6% to $56.2 million, led by 8.5% growth in the Outdoor segment, while Adventure sales declined 11.9% amid continued North American and Australian demand pressure. Outdoor performed strongly across Mountain, Climb and Apparel, with underlying gross margin improving to 36.5% excluding a $6.1 million tariff refund. Adventure also improved profitability through cost reductions, despite lower revenue. Clarus maintained its 2026 revenue outlook of $245 million–$255 million but raised adjusted EBITDA guidance to $12 million–$13 million, primarily due to the tariff refund and lower expected legal costs; the company also continues to review strategic alternatives. Clarus Corporation Climbs To New Highs Clarus (NASDAQ:CLAR) reported higher second-quarter sales and improved underlying margins as its Outdoor segment gained momentum, while the company’s Adventure segment faced continued demand pressure in North America and Australia. Consolidated second-quarter sales for the period ended June 30 rose 1.6% to $56.2 million from $55.2 million a year earlier. Outdoor sales increased 8.5% on a reported basis, while Adventure sales declined 11.9%. The company reported adjusted EBITDA of $7.6 million, representing a 13.6% margin, aided by tariff refunds received by the Outdoor business. → 3 Drone Stocks That Should Soar After the Summer Slump Executive Chairman Warren Kanders said the quarter reflected continued operational simplification and execution. He said the company’s underlying performance in both segments was solid when excluding the tariff-related benefit. Black Diamond Equipment President Neil Fiske said Outdoor revenue, margin and EBITDA each improved from the prior-year quarter. Excluding the previously divested PIEPS business from the comparison, Outdoor revenue increased 9.1%, led by growth across regions and the company’s Mountain, Climb and Apparel categories. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth The three categories represented 95% of Outdoor segment revenue and collectively grew 9.5% during the quarter. Mountain revenue increased 7.4%, Climb sales rose 13.5%, and Apparel revenue was up 7.4%. Fiske highlighted Apparel as a long-term strategic focus for the company. Inline Apparel sales increased 22.9%, while clearance and discontinued merchandise sales fell 61%, which he said reflected a shift toward a healthier full-price business and reduced markdown activity. → Jersey Mike's Serves Fresh Gains After IPO Stumble Outdoor gross margin was 52.0%, compared with 34.9% a year earlier, including $6.1 million in tariff refunds recognized as a reduction in cost of goods sold. Excluding the refund, Outdoor gross margin improved 160 basis points to 36.5%, driven by inventory quality, product mix, less discounting and a more premium full-price model, according to Fiske. Outdoor adjusted EBITDA was $9 million. Excluding the tariff refund and a $1.4 million benefit related to Consumer Product Safety Commission legal adjustments, adjusted EBITDA would have been $1.5 million, compared with $0.3 million in the prior-year period. Inventory at Outdoor ended the quarter at $72.2 million, up 12% from a year earlier, which Fiske said reflected business growth and preparations for an expected strong second half. North American wholesale revenue increased 0.5%, following 4.8% growth in the first quarter. North American digital direct-to-consumer revenue rose 5.7% and represented 17.7% of regional revenue. European wholesale revenue increased 25.3% in dollars, or 16.7% in constant currency. European digital direct-to-consumer revenue declined 10.6% in constant currency as the company reduced promotional and less-profitable transactions. International distributor revenue increased 10.6%. Fiske said the company remains confident in its fall order book and outlook for the second half, although he described the Middle East conflict as a significant geopolitical and business risk. Addressing concerns about a potentially warm winter, he said any impact on Black Diamond’s outlook had been modest so far. CFO Michael Yates said Adventure’s second-quarter sales fell short of expectations amid difficult markets in North America and Australia. Efforts to reach new customers in North America did not meet expectations, though RockyMounts continued to show solid demand. Australia performed better than management had forecast despite higher fuel prices and elevated interest rates. Meanwhile, Adventure reported double-digit revenue growth in France, Germany, the United Kingdom and Japan. Yates said the sales decline appeared to be market-driven rather than share-driven. Adventure gross margin increased 420 basis points from the prior-year period to 41.5%. SG&A expense declined by $0.6 million, while headcount was reduced 20% and the cost base was lowered 11%, according to Yates. The segment generated adjusted EBITDA of $0.5 million. During the quarter, Clarus acquired certain assets and liabilities of ONWRD Supply Co., an in-vehicle accessories business. Yates said the acquisition adds high-margin products and new SKUs to Adventure’s portfolio. The company also expects to launch a new series of Rhino-Rack legs in September and said its recently introduced MAXTRAX integrated shovel has exceeded sales forecasts in every market. Clarus maintained its full-year 2026 revenue outlook of $245 million to $255 million. The company expects approximately $68 million of revenue from Adventure and approximately $182 million from Outdoor. Management raised its full-year adjusted EBITDA forecast to $12 million to $13 million, from prior guidance of $3 million to $5 million. Yates said the revision primarily reflected the $6 million tariff refund benefit and the elimination of an estimated $2 million in legal expenses expected for the remainder of the year. For the third quarter, Clarus expects sales of $66 million to $68 million and adjusted EBITDA of approximately $3 million. Yates said investors could model Adventure gross margin at roughly 40% in the second half and Outdoor gross margin, excluding tariff effects, at about 37% to 37.5%. Free cash flow was $0.6 million in the second quarter, compared with an $11.3 million outflow a year earlier. Clarus ended the quarter with no debt and $28.9 million in cash and cash equivalents, compared with $36.7 million at the end of 2025. The company repurchased 153,331 shares during the quarter for approximately $448,000, or $2.92 per share. Kanders said approximately $42.4 million remained available under Clarus’ $50 million share repurchase authorization. Kanders said Clarus continues to evaluate strategic alternatives intended to unlock shareholder value, with Jefferies serving as financial adviser. Potential actions may include a sale of all or part of the business or other strategic or financial transactions. The company said it would not comment further on the process unless additional disclosure becomes appropriate or required. Yates also said the Department of Justice informed Clarus and Black Diamond on June 4 that it had closed its criminal investigation involving Black Diamond’s reporting obligations related to certain avalanche transceivers. The CPSC had previously closed, without further action, a separate investigation concerning whether Black Diamond sold products subject to a recall. Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company's portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike. The company's flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Clarus Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Clarus Corporation (CLAR) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +357.14%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.02, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Clarus, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $56.16 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.96%. This compares to year-ago revenues of $55.25 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Clarus shares have added about 0.3% since the beginning of the year versus the S&P 500's gain of 12.8%. While Clarus has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Clarus was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.08 on $68 million in revenues for the coming quarter and $0.11 on $248.8 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Products is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Yeti (YETI), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This maker of outdoor and recreational products is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of -16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Yeti's revenues are expected to be $482.43 million, up 8.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clarus Corporation (CLAR) : Free Stock Analysis Report YETI Holdings, Inc. (YETI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Grew Quarterly Sales at Outdoor by 8.5% Increased Apparel Sales in Outdoor Segment for Fifth Consecutive Quarter Repurchased 153,331 Shares of Common Stock for Approximately $0.4 Million Jefferies LLC Continues to Assist the Company with Evaluating Strategic Alternatives SALT LAKE CITY, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Summary vs. Same Year‐Ago Quarter Sales of $56.2 million compared to $55.2 million. The Company received a refund of approximately $6.1 million related to previously paid International Emergency Economic Powers Act (“IEEPA”) tariffs, which was recorded as an offset to cost of goods sold. Gross margin was 48.9% compared to 35.6%. Second quarter 2026 gross margin includes a benefit of approximately 1,090 basis points from the recovery of IEEPA tariffs. Net income of $4.7 million with a net income margin of 8.4%, or $0.12 per diluted share, compared to net loss of $8.4 million with a net loss margin of (15.3)%, or $(0.22) per diluted share. Adjusted net income of $6.8 million, or $0.18 per diluted share, compared to adjusted net loss of $(3.1) million, or $(0.08) per diluted share. Adjusted EBITDA of $7.6 million with an adjusted EBITDA margin of 13.6%, compared to Adjusted EBITDA loss of $(4.4) million with an adjusted EBITDA margin of (8.0)%. Management Commentary“Our second quarter results reflect disciplined execution of our simplification strategy,” said Warren Kanders, Clarus’ Executive Chairman. “The IEEPA tariff refund we recognized during the quarter lifted earnings and gross margin, but our underlying performance was solid and we continue to see encouraging signs of progress across both segments. At Outdoor, where second quarter revenue, margin, and EBITDA all increased year-over-year, we believe that the team’s hard work concentrating inventory on our highest-volume, highest-margin products is paying off. Our big three Outdoor categories of Mountain, Climb, and Apparel drove 95% of total segment revenues, a testament to the deliberate actions we have taken to prioritize Black Diamond’s best and most profitable styles. In the Adventure segment, we continue to carefully balance targeted investments with ongoing cost and productivity initiatives. Notably, Adventure’s second quarter gross margin improved 420 basis points year-over-year driven by price growth and better segmentation across our retailer base.” Mr. Kanders added, “Despite geopolitical and macroeconomic headwinds, we continue to expect full-year revenue to fall within our previously provided guidance range. Outdoor has performed well in a challenging market, and we remain confident that Black Diamond is positioned to capitalize on the growth opportunities ahead. With cleaner inventory, less discounting, and a shift toward a full-price premium model, we are well positioned to drive improved profitability. At Adventure, we have improved the organizational shape to capture more margin as the business re-scales. During the second quarter, we completed the bolt-on acquisition of ONWRD Supply Co. brand and related assets, enhancing our portfolio mix with complementary, high margin in-vehicle accessories. Overall, we remain committed to unlocking the intrinsic value of both segments and to maximizing long-term value for our shareholders.” Second Quarter 2026 Financial ResultsOn a consolidated basis, sales in the second quarter were $56.2 million compared to $55.2 million in the same year‐ago quarter, up 1.6%. Sales in the Outdoor segment increased 8.5% to $39.8 million, compared to $36.7 million in the year-ago quarter. Sales in the Adventure segment decreased 11.9% to $16.4 million, compared to $18.6 million in the year-ago quarter. Sales in the Outdoor segment increased due to increases in global wholesale, independent global distributor, and global direct-to-consumer revenues, partially offset by lower PIEPS revenue due to the sale of PIEPS in July 2025. Sales in the Adventure segment decreased due to an unfavorable wholesale market in Australia and North America for Rhino-Rack and MAXTRAX, partially offset by favorable FX. Gross margin in the second quarter was 48.9% compared to 35.6% in the year‐ago quarter. The gross margin increase was primarily attributable to receiving $6.1 million of IEEPA tariff refunds, higher volumes and a favorable product mix at the Outdoor segment, and a favorable product mix at the Adventure segment, which was partially offset by lower volume at the Adventure segment. Selling, general and administrative expenses in the second quarter were $24.3 million compared to $26.9 million in the same year‐ago quarter. Second quarter 2026 expenses reflect lower marketing costs, depreciation, amortization and other expense reduction initiatives across both segments to manage costs and the removal of PIEPS due to its sale during 2025. Net income in the second quarter of 2026 was $4.7 million with a net income margin of 8.4%, or $0.12 per diluted share, compared to net loss of $(8.4) million with a net loss margin of (15.3)%, or $(0.22) per diluted share, in the year-ago quarter. Adjusted net income in the second quarter of 2026 was $6.8 million, or $0.18 per diluted share, compared to adjusted net loss of $(3.1) million, or $(0.08) per diluted share, in the year-ago quarter. Adjusted net income (loss) excludes amortization of intangibles, impairment of indefinite-lived intangible assets, restructuring charges, transaction costs, contingent consideration benefit, and stock-based compensation. Adjusted EBITDA in the second quarter was $7.6 million, or an adjusted EBITDA margin of 13.6%, compared to adjusted EBITDA of $(4.4) million, or an adjusted EBITDA margin of (8.0)%, in the same year‐ago quarter. Net cash provided by operating activities for the three months ended June 30, 2026, was $1.7 million compared to net cash used in operating activities of $(9.4) million in the prior year quarter. Capital expenditures in the second quarter of 2026 were $1.1 million compared to $1.9 million in the prior year quarter. Free cash flow for the second quarter of 2026 was $0.6 million compared to an outflow of $11.3 million in the prior year quarter. Liquidity at June 30, 2026 vs. December 31, 2025 Cash and cash equivalents totaled $28.9 million compared to $36.7 million. The balance sheet was debt free at the end of both periods. Stock Repurchase Program During the second quarter, the Company repurchased 153,331 shares of its common stock for approximately $0.4 million, or $2.92 per share, leaving approximately $42.4 million remaining under its $50 million stock repurchase program. Acquisition of ONWRDIn June 2026, Rhino-Rack USA completed the acquisition of certain assets and liabilities constituting ONWRD Supply Co. (“ONWRD”), an outdoor inspired accessories brand that makes modular storage and organization systems for cars, trucks, vans, and SUVs. ONWRD’s products feature customizable panels, headrest attachments, and pouches designed to keep gear secure during off-road or daily travel. The ONWRD business has been integrated into Rhino-Rack USA’s existing operations in Colorado. Strategic Review The Company previously announced that its Board of Directors initiated a comprehensive review of strategic alternatives to enhance shareholder value. The review includes a range of potential strategic alternatives, including, among other things, the sale of all or part of the business or other strategic or financial transactions involving the Company. The review has no deadline or definitive timetable and there can be no assurance that the review will result in any transaction or other strategic outcome. The Company does not intend to disclose further developments regarding the review unless and until it determines that further disclosure is appropriate or required. Clarus has retained Jefferies LLC as its financial advisor. 2026 OutlookThe Company continues to expect fiscal year 2026 sales to range between $245 million and $255 million and now expects adjusted EBITDA to range between approximately $12 million and $13 million, or an adjusted EBITDA margin of 5.0% at the mid-point of the revenue and adjusted EBITDA ranges. Capital expenditures are expected to remain between $6 million and $7 million, consistent with the Company’s prior outlook, and free cash flow is now expected to be $6 million for the full year 2026. For the third quarter of 2026, sales are expected to range between $66 million and $68 million, and adjusted EBITDA is expected to be approximately $3 million. Clarus has not provided net income or net cash provided by operating activities guidance due to the inherent difficulty of forecasting certain expenses, gains, changes in working capital and other items affecting those measures. Accordingly, the Company does not provide reconciliations of adjusted EBITDA, adjusted EBITDA margin or free cash flow guidance to their most directly comparable GAAP measures for fiscal year 2026. Conference CallThe Company will hold a conference call today at 5:00 p.m. Eastern time to discuss its second quarter 2026 results. Date: Thursday, August 6, 2026Time: 5:00 pm ETRegistration Link: https://register-conf.media-server.com/register/BI19da625963174778be074ad27b47b34c To access the call by phone, please register via the live call registration link above and you will be provided with dial-in instructions and details. The conference call will be broadcast live and available for replay here and on the Company’s website at www.claruscorp.com. About Clarus CorporationHeadquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and innovation, our objective is to provide safe, simple, effective and beautiful products so that our customers can maximize their outdoor pursuits and adventures. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are principally sold globally under the Black Diamond®, Rhino-Rack®, MAXTRAX®, RockyMounts®, and Onwrd® brand names through outdoor specialty and online retailers, our own websites, distributors, and original equipment manufacturers. Use of Non‐GAAP MeasuresThe Company reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release contains the non-GAAP measures: (i) adjusted gross margin and adjusted gross profit, (ii) adjusted net income (loss) and related earnings (loss) per diluted share, (iii) earnings before interest, taxes, other income or expense, depreciation and amortization (“EBITDA”), EBITDA margin, adjusted EBITDA, and adjusted EBITDA margin, and (iv) free cash flow (defined as net cash provided by operating activities less capital expenditures). The Company believes that the presentation of certain non-GAAP measures, i.e.: (i) adjusted gross margin and adjusted gross profit, (ii) adjusted net income (loss) and related earnings (loss) per diluted share, (iii) EBITDA, EBITDA margin, adjusted EBITDA and adjusted EBITDA margin, and (iv) free cash flow, provides useful information for the understanding of its ongoing operations and enables investors to focus on period-over-period operating performance, and thereby enhances the user’s overall understanding of the Company’s current financial performance relative to past performance and provides, along with the nearest GAAP measures, a baseline for modeling future earnings expectations. Non-GAAP measures are reconciled to comparable GAAP financial measures within this press release. We do not provide a reconciliation of the non-GAAP guidance measures adjusted EBITDA and/or adjusted EBITDA margin for the fiscal year 2026 to net income for the fiscal year 2026, the most comparable GAAP financial measure, due to the inherent difficulty of forecasting certain types of expenses and gains, without unreasonable effort, which affect net income but not adjusted EBITDA and/or adjusted EBITDA margin. The Company cautions that non-GAAP measures should be considered in addition to, but not as a substitute for, the Company’s reported GAAP results. Additionally, the Company notes that there can be no assurance that the above referenced non-GAAP financial measures are comparable to similarly titled financial measures used by other publicly traded companies. Forward-Looking StatementsPlease note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this press release, include, but are not limited to, risks and uncertainties related to the Company’s review of strategic alternatives, including the timing and outcome of the review, whether the review results in any transaction or other strategic outcome, whether and when the Company provides further updates, and the potential impact of the review on the Company’s business and operations, as well as those risks and uncertainties more fully described from time to time in the Company’s public reports filed with the Securities and Exchange Commission, including under the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward- looking statements to reflect events or circumstances after the date of this press release. Company Contact:Michael J. YatesChief Financial [email protected] Investor Relations:The IGB GroupLeon Berman / Matt BerkowitzTel 1-212-477-8438 / [email protected] / [email protected]

SALT LAKE CITY, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, announced that its board of directors has confirmed the Company’s regular quarterly cash dividend of $0.025 per share. The cash dividend will be paid on August 26, 2026, to all stockholders of record as of August 17, 2026. About Clarus CorporationHeadquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and innovation, our objective is to provide safe, simple, effective and beautiful products so that our customers can maximize their outdoor pursuits and adventures. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are principally sold globally under the Black Diamond®, Rhino-Rack®, MAXTRAX®, and RockyMounts® brand names through outdoor specialty and online retailers, our own websites, distributors, and original equipment manufacturers. Forward-Looking StatementsPlease note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Any number of factors could cause actual results to differ materially from projections or forward-looking statements in this press release, including, but not limited to, those risks and uncertainties more fully described from time to time in the Company's public reports filed with the Securities and Exchange Commission, including under the section titled “Risk Factors” in the Company's Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release. Company Contact:Michael J. YatesChief Financial [email protected] Investor Relations:The IGB GroupLeon Berman / Matt BerkowitzTel 1-212-477-8438 / [email protected] / [email protected]

SALT LAKE CITY, July 30, 2026 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, will hold a conference call on Thursday, August 6, 2026, at 5:00 pm ET to discuss its financial results for the second quarter ended June 30, 2026. The financial results will be reported in a press release after the close of regular stock market trading hours on the same day as the conference call. Date: Thursday, August 6, 2026Time: 5:00 pm ETRegistration Link: https://register-conf.media-server.com/register/BI19da625963174778be074ad27b47b34c To access the call by phone, please register via the live call registration link above and you will be provided with dial-in instructions and details. The conference call will be broadcast live and available for replay on the Company’s website at www.claruscorp.com. About Clarus CorporationHeadquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and innovation, our objective is to provide safe, simple, effective and beautiful products so that our customers can maximize their outdoor pursuits and adventures. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are principally sold globally under the Black Diamond®, Rhino-Rack®, MAXTRAX®, and RockyMounts® brand names through outdoor specialty and online retailers, our own websites, distributors, and original equipment manufacturers. Forward-Looking StatementsPlease note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release, include, but are not limited to, those risks and uncertainties more fully described from time to time in the Company's public reports filed with the Securities and Exchange Commission, including under the section titled “Risk Factors” in the Company's Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release. Company Contact:Michael J. YatesChief Financial [email protected] Investor Relations:The IGB GroupLeon Berman / Matt BerkowitzTel 1-212-477-8438 / [email protected] / [email protected]

Pool Corp. (POOL) came out with quarterly earnings of $5.38 per share, beating the Zacks Consensus Estimate of $5.3 per share. This compares to earnings of $5.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.51%. A quarter ago, it was expected that this distributor of supplies for swimming pools would post earnings of $1.34 per share when it actually produced earnings of $1.43, delivering a surprise of +6.72%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Pool Corp., which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $1.82 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $1.78 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Pool Corp. shares have lost about 14.2% since the beginning of the year versus the S&P 500's gain of 9.6%. While Pool Corp. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Pool Corp. was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.49 on $1.47 billion in revenues for the coming quarter and $11.05 on $5.42 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Products is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Clarus Corporation (CLAR), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Clarus Corporation's revenues are expected to be $51.55 million, down 6.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pool Corporation (POOL) : Free Stock Analysis Report Clarus Corporation (CLAR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Clarus’ first quarter results were received positively by the market, reflecting operational progress in its Outdoor segment and selective strength in Adventure. Management credited the simplification strategy for improved margins and revenue growth, with Executive Chairman Warren Kanders highlighting “deliberate actions to concentrate inventory on our highest volume, highest margin products.” The Outdoor business, led by Black Diamond, saw gains in core mountain, climb, and apparel categories, while Adventure’s growth was driven by international wholesale activity. However, management remained cautious about macroeconomic pressures, particularly in Australia and the broader Adventure division. Is now the time to buy CLAR? Find out in our full research report (it’s free). Revenue: $61.94 million vs analyst estimates of $61.21 million (2.5% year-on-year growth, 1.2% beat) Adjusted EPS: $0.02 vs analyst estimates of $0 ($0.02 beat) Adjusted EBITDA: -$1.12 million vs analyst estimates of $160,600 (-1.8% margin, significant miss) The company dropped its revenue guidance for the full year to $250 million at the midpoint from $260 million, a 3.8% decrease EBITDA guidance for the full year is $4 million at the midpoint, below analyst estimates of $9.32 million Operating Margin: -9.8%, up from -11.2% in the same quarter last year Market Capitalization: $97.26 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Mark Smith (Lake Street Capital Markets) asked about confidence in second-half EBITDA guidance. CFO Mike Yates cited strong Outdoor segment order books and apparel traction, while cautioning that Adventure’s outlook remains volatile. Mark Smith (Lake Street Capital Markets) questioned the impact of energy prices and interest rates on Adventure in Australia. Yates explained consumer weakness and government interventions have created a challenging environment, with demand declining significantly after April. Mark Smith (Lake Street Capital Markets) sought detail on the contribution of price increases to Q1 revenue growth. Yates estimated that Adventure realized about $0.5 million in Q1 from pricing, with minimal retailer pushback, while Outdoor growth was driven primarily by market share and expanded distribution. Peter McGoldrick (Stifel) inquired about which apparel products were driving growth and their impact on margins. President Neil Fiske pointed to balanced growth in both sportswear and technical outerwear, highlighting effective catalog marketing and double-digit performance in key categories. Peter McGoldrick (Stifel) asked how rising input costs are influencing guidance. Yates noted that tariff relief and input cost inflation currently offset each other, but warned that sustained inflation could drive additional price increases later in the year. In the coming quarters, the StockStory team will closely monitor (1) the trajectory of Adventure segment demand in Australia and other international markets, (2) the ability of Clarus to sustain margin improvements amid ongoing cost pressures and potential tariff changes, and (3) progress in Outdoor’s apparel and core product categories. The outcome of the strategic alternatives review and evolving macroeconomic impacts remain important markers for assessing execution. Clarus currently trades at $2.59, down from $2.89 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn't over. Find out which 9 stocks made the cut this week - FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.