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Clarus: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Clarus (NASDAQ:CLAR) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 57.89% over the past year to $0.30, which beat the estimate of $0.21.

Revenue of $64,491,000 higher by 7.12% from the same period last year, which beat the estimate of $63,570,000.

Outlook

Clarus Sees Q4 Sales $67.5M-$69M Vs $65.25M Estimates

Details Of The Call

Date: Nov 09, 2020

Time: 05:00 PM

View more earnings on CLAR

ET Webcast URL: https://edge.media-server.com/mmc/p/dq3zo65j

Price Action

Company's 52-week high was at $17.75

52-week low: $7.88

Price action over last quarter: Up 24.16%

Company Overview

Clarus Corp engages in design, manufacture, and marketing of outdoor equipment, and apparel for climbing, mountaineering, backpacking, skiing; and other outdoor recreation activities. The company's products are principally sold under the Black Diamond, Sierra and PIEPS names through specialty and online retailers, distributors and original equipment manufacturers throughout the U.S. and internationally. The operating segments of the company are Black Diamond, which is the core revenue generator, and Sierra. Black Diamond segment offers products including high performance activity-based apparel; rock-climbing footwear and equipment; technical backpacks and high-end day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skincare and other sport-enhancing products.

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