Clarus reports Q4 EPS (8c), consensus 9c

Reports Q4 revenue $71.41M, consensus $68.73M. “During 2024 we remained focused on executing against our strategic roadmap and positioning Clarus (CLAR) for profitable growth over the long term,” said Warren Kanders, Clarus’ executive chairman. “Despite significant market headwinds, we took important steps during the year to simplify and strengthen the core at the Outdoor segment, while investing in new R&D and product development initiatives to scale the Adventure segment. At Outdoor, we made steady progress building a smaller, more profitable business in 2024. Primarily as a result of our product simplification and SKU rationalization initiatives, Outdoor adjusted gross margin improved to 36.9% in Q4 compared to 32.8% in the year ago quarter. In the Adventure segment, we anticipated this past year would require significant investment, and despite a difficult 2024, we are committed to maintaining these fixed investments to scale the business globally outside the home region of Australia.”