Clarus (NASDAQ:CLAR – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.10, FiscalAI reports. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. The company had revenue of $71.22 million during the quarter, compared to analyst estimates of $66.84 million.
Here are the key takeaways from Clarus’ conference call:
- Clarus raised its 2026 adjusted EBITDA outlook to $15 million–$17 million from $12 million–$13 million, citing strong results through the first nine months. Full-year revenue guidance is now $251 million–$255 million.
- Outdoor delivered broad-based growth and margin gains: Black Diamond revenue rose 12.4%, while gross margin excluding tariff refunds increased 440 basis points to 40.4%. Outdoor adjusted EBITDA climbed 80.7% to $8 million.
- Adventure sales fell 20.2%, mainly due to weak demand in Australia. Excluding a tariff refund, its gross margin improved 640 basis points, and management said new products and cost controls position the segment for potential growth in 2027.
- Free cash flow was a $7.4 million outflow, driven by higher Outdoor inventory and accounts receivable. Management expects positive free cash flow in Q4 as working capital normalizes; the company reported no debt and $20.8 million in cash.
- Clarus continues its strategic alternatives review with Jefferies, which could include a sale of all or part of the business or other transactions. Executives declined to provide further details.
Clarus Price Performance
NASDAQ:CLAR traded up $0.77 during trading hours on Friday, reaching $5.02. 1,168,357 shares of the stock were exchanged, compared to its average volume of 205,061. Clarus has a twelve month low of $2.53 and a twelve month high of $5.18. The firm has a 50 day moving average of $3.74 and a 200 day moving average of $3.29. The stock has a market cap of $192.97 million, a PE ratio of -7.28 and a beta of 1.03.
Clarus Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0250 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.10 dividend on an annualized basis and a yield of 2.0%. Clarus’s dividend payout ratio is -12.20%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Roth Capital increased their price target on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a report on Monday, August 10th. Wall Street Zen raised Clarus from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Finally, B. Riley Financial raised their price target on Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.06.
View Our Latest Research Report on Clarus
Clarus News Roundup
Here are the key news stories impacting Clarus this week:
- Positive Sentiment: Clarus reported quarterly earnings of $0.15 per share, ahead of the $0.05 analyst consensus and up from $0.05 a year earlier. Revenue was $71.22 million, also above expectations of $66.84 million. The beats support the view that business performance is improving and helped drive the share rally. Clarus Reports Third Quarter 2026 Results
- Positive Sentiment: The company confirmed its regular quarterly dividend of $0.025 per share, equivalent to $0.10 annually. The payout provides a modest shareholder return, though it is unlikely to be as significant a catalyst as the earnings results. Clarus Announces Quarterly Dividend
- Neutral Sentiment: Coverage of the Q3 earnings call and investor reactions adds context, but the available reports do not provide specific new guidance or forecasts that would materially change the outlook. Clarus Q3 2026 Earnings Call Transcript
- Negative Sentiment: Despite the quarterly EPS beat, Clarus reported a negative net margin of 12.44%. Continued losses at the net-income level may temper investor confidence in the durability of the improvement.
Clarus Company Profile
Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.
Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.
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