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Clarus Q2 Earnings Call Highlights
['Trevor Kearing']
Daily Political
Outdoor sales increased 8.5% on a reported basis, while Adventure sales declined 11.9%.
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.
During the quarter, Clarus acquired certain assets and liabilities of ONWRD Supply Co., an in-vehicle accessories business.
For the third quarter, Clarus expects sales of $66 million to $68 million and adjusted EBITDA of approximately $3 million.