GlobeNewswire·Nov 5, 2026, 4:15 PM ET

Clarus Reports Third Quarter 2026 Results

CLAR

Clarus Corporation reported third-quarter 2026 sales of $71.2 million, a 2.7% increase from the prior year, driven by a 12.4% rise in its Outdoor segment to $54.7 million.
The Adventure segment saw sales decline 20.2% to $16.5 million due to an unfavorable wholesale market in Australia for Rhino-Rack & MAXTRAX brands.
Gross margin improved to 41.0% from 35.1% in the prior year, benefiting from higher volumes, a favorable product mix, & approximately $0.6 million in refunds for previously paid IEEPA tariffs.
Net income turned positive at $3.3 million ($0.09 per diluted share), reversing a net loss of $1.6 million ($0.04 per diluted share) recorded in the same quarter last year.
Adjusted net income reached $5.7 million ($0.15 per diluted share), compared to $0.4 million ($0.01 per diluted share) in the prior year, while adjusted EBITDA rose to $6.8 million with a 9.6% margin.
The company raised its full-year 2026 sales outlook to $251 million-$255 million & adjusted EBITDA guidance to $15 million-$17 million, citing improved profitability & business fundamentals.
Liquidity at September 30, 2026, showed cash & cash equivalents of $20.8 million, down from $36.7 million at year-end 2025, while the balance sheet remained debt-free.
A comprehensive strategic review of alternatives continues with Jefferies LLC serving as the financial advisor, though no deadline or definitive outcome has been announced.
Free cash flow for the quarter was an outflow of $7.4 million, primarily due to increased accounts receivable from strong September sales in the Outdoor segment.
Capital expenditures for the quarter were $1.2 million, consistent with the prior year, with full-year 2026 CapEx expected to remain between $6 million & $7 million.

Company: Clarus Corporation
Keywords: Nasdaq:CLAR, Clarus Corporation