分组1 - Clarus Corporation reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, compared to a loss of $0.08 per share a year ago, representing an earnings surprise of +63.64% [1] - The company posted revenues of $65.41 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 5.88%, and down from $71.4 million in the same quarter last year [2] - Clarus has surpassed consensus revenue estimates three times over the last four quarters, but has only beaten consensus EPS estimates once in the same period [2] 分组2 - The stock has underperformed, losing about 5.4% since the beginning of the year, while the S&P 500 has gained 0.4% [3] - The current consensus EPS estimate for the coming quarter is $0.03 on revenues of $62.25 million, and for the current fiscal year, it is $0.20 on revenues of $265.53 million [7] - The Leisure and Recreation Products industry, to which Clarus belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - In Q4 2025, total sales decreased by 8% to $65.4 million compared to $71.4 million in Q4 2024, primarily due to softness in the North American wholesale market and lower global D2C revenues [26][30] - Adjusted EBITDA for Q4 was $1.2 million, reflecting a margin of 1.8%, down from the previous year [31] - Free cash flow for Q4 was $11.6 million, compared to $14.4 million in the same period last year [32] Business Line Data and Key Metrics Changes - The Adventure segment's revenue declined by 10.4% year-over-year, primarily due to reduced demand from OEM customers and weaknesses in the U.S. bike market [22] - The Outdoor segment's gross margin rate for Q4 was 32.3%, down from 35.2% in Q4 2024, impacted by tariffs and foreign currency effects [29] - Apparel sales in the Outdoor segment grew by 10% in Q4, while the ski business unit saw a significant decline of 30% due to adverse seasonal conditions [15][18] Market Data and Key Metrics Changes - North America wholesale sales, excluding FX contracts, were down 10.4%, while Europe wholesale sales increased by 12.1% in U.S. dollars [16][17] - The international distributor channel grew by 19.3% in Q4, indicating strong performance in international markets [17] Company Strategy and Development Direction - The company is focused on simplifying its business to drive market share gains and enhance profitability, particularly in the Outdoor segment [5][6] - Strategic initiatives include exiting low-margin categories, rationalizing SKUs, and reallocating investments towards higher growth areas [6][10] - The company aims to improve gross margins and maintain a disciplined approach to capital allocation while maximizing shareholder value [9][33] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging market characterized by weaker consumer demand, tariff impacts, and supply chain disruptions [4][5] - The company expects full-year sales for 2026 to range between $255 million to $265 million, with adjusted EBITDA projected between $9 million to $11 million [33] - Management expressed confidence in the strength of wholesale relationships and anticipated growth in key markets, particularly in Europe and Japan [70][76] Other Important Information - The company has a debt-free balance sheet and has streamlined its organizational structure to better navigate market uncertainties [9] - Inventory at year-end was $64.9 million, reflecting a change in inventory recognition methods and tariff impacts [20] Q&A Session Summary Question: Can you elaborate on the pricing actions taken at the end of the year and in January? - Management indicated that approximately $7 million to $8 million in pricing actions were taken to offset tariff impacts, with a significant portion implemented in May and early 2026 [41][42] Question: What is the expected contribution of the RockyMounts business within the Adventure segment? - The RockyMounts business generated over $5.5 million in revenue in 2025, and management expects continued growth from this segment [79] Question: How is the company addressing the challenges in the Outdoor segment? - Management noted that they are fine-tuning inventory levels and have seen positive trends in apparel and mountain categories, with expectations for continued growth in 2026 [75][76]

Financial Data and Key Metrics Changes - For Q4 2025, total sales decreased by 8% to $65.4 million compared to $71.4 million in Q4 2024, primarily due to softness in the North American wholesale market and lower global D2C revenues [26][30] - Adjusted EBITDA for Q4 was $1.2 million, reflecting a margin of 1.8%, down from the previous year [31] - Free cash flow for Q4 was $11.6 million, compared to $14.4 million for the same period last year [32] Business Line Data and Key Metrics Changes - The Adventure segment saw a revenue decline of 10.4% year-over-year, primarily due to reduced demand from two OEM customers and weaknesses in the U.S. bike market [22] - The Outdoor segment's gross margin for Q4 was 32.3%, down from 35.2% in Q4 2024, impacted by tariffs and foreign exchange [29] - Apparel sales in the Outdoor segment grew by 10% in Q4, while the ski business unit declined by 30% due to adverse seasonal conditions [15][18] Market Data and Key Metrics Changes - North America wholesale sales, excluding FX contracts, were down 10.4%, while Europe wholesale sales increased by 12.1% in U.S. dollars [16][17] - The international distributor channel grew by 19.3% for the quarter, indicating strong performance in international markets [17] Company Strategy and Development Direction - The company is focused on simplifying its business to drive market share gains and enhance profitability, particularly in the Outdoor segment [5][6] - Strategic initiatives include exiting low-margin categories, rationalizing SKUs, and reallocating investments towards higher growth areas [6][10] - The company aims to improve gross margins and maintain a disciplined approach to capital allocation while maximizing shareholder value [9][33] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging market characterized by weaker consumer demand, tariff impacts, and supply chain disruptions [4][5] - The company expects full-year sales for 2026 to range between $255 million and $265 million, with adjusted EBITDA projected between $9 million and $11 million [33] - Management expressed confidence in the strength of wholesale relationships and anticipated growth in key markets, particularly in Europe and Japan [70][76] Other Important Information - The company has a debt-free balance sheet and has streamlined its organizational structure to better navigate market uncertainties [9] - Inventory at year-end was $64.9 million, reflecting a change in inventory recognition methods and tariff impacts [20] Q&A Session Summary Question: Can you elaborate on the pricing actions taken at the end of the year and in January? - Management indicated that pricing actions were taken to offset tariff impacts, with approximately $7 million to $8 million in price increases implemented across the Black Diamond business [41][42] Question: What is the expected contribution of the RockyMounts business within the Adventure segment? - The RockyMounts business generated over $5.5 million in revenue in 2025, and management expects it to be a significant growth driver going forward [79] Question: How is the company addressing the challenges in the outdoor segment? - Management noted that while there are challenges, they are seeing positive trends in apparel and expect growth in the mountain and climb categories [76][77]

Financial Data and Key Metrics Changes - For Q4 2025, revenue decreased by 2.1% year-over-year, with a gross profit impacted by tariffs and foreign exchange contracts, leading to an adjusted EBITDA of $2 million, down $2.1 million from the prior period [14][19][30] - Consolidated gross margin rate declined to 27.7% from 33.4% in Q4 2024, primarily due to unrecovered tariffs and inventory write-downs [26][27] Business Line Data and Key Metrics Changes - The ski business unit saw a significant decline of 30% year-over-year due to adverse seasonal conditions and the exit from low-margin categories [15] - Apparel sales grew by 10% in Q4, while mountain and climb business units increased by 0.4% and 4.3% respectively, indicating resilience in core categories [15][18] - The Adventure segment's revenue declined by 10.4% year-over-year, primarily due to reduced demand from OEM customers and weaknesses in the U.S. bike market [22] Market Data and Key Metrics Changes - North America wholesale revenue decreased by 10.4%, while Europe wholesale revenue increased by 12.1% in U.S. dollars, indicating a mixed performance across regions [16][17] - The international distributor channel grew by 19.3% for the quarter, reflecting successful market expansion efforts [17] Company Strategy and Development Direction - The company is focused on simplifying its business model, exiting low-margin categories, and reallocating investments towards higher growth areas, particularly in the Outdoor segment [5][10] - Price increases have been implemented across all brands and markets to counteract inflation and tariff impacts, with expectations of improved margins moving forward [7][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging market characterized by weaker consumer demand, supply chain disruptions, and tariff impacts, but expressed confidence in the company's strategic positioning for future growth [4][8] - The company expects full-year sales for 2026 to range between $255 million and $265 million, with adjusted EBITDA projected between $9 million and $11 million [33] Other Important Information - The company has a debt-free balance sheet and is focused on maintaining a disciplined approach to capital allocation while maximizing shareholder value [8] - Inventory at year-end was reported at $64.9 million, reflecting a change in inventory recognition methods rather than an actual increase in stock levels [20] Q&A Session Summary Question: Can you elaborate on the pricing actions taken at the end of the year and their impact on growth outlook? - Management indicated that pricing actions taken in Black Diamond aimed to offset approximately $11 million-$12 million in tariff impacts, with $7 million-$8 million in price increases implemented [41][42] Question: What is the expected contribution of the RockyMounts business within the Adventure segment? - The RockyMounts business generated over $5.5 million in revenue in 2025, with expectations for continued growth supported by marketing investments [82] Question: How is the company addressing channel inventories and consumer demand trends? - Management noted that the destocking trend has stabilized, with ongoing fine-tuning of inventory levels, and expressed confidence in the strength of wholesale relationships [78][73]

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing their offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing significant growth and expansion in their coverage [1]

Q4 EARNINGS MARCH 5, 2026 PRESENTATION DISCLAIMER Forward-Looking Statements Please note that in this presentation we may use words such as "appears," "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Compan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 58-1972600 (I.R.S. Employer Identification Number) 2084 East 3900 South Salt Lake City, Utah 84124 (Address of principal executive offices) (Zip code) (801 ...

Exhibit 99.1 Clarus Reports Fourth Quarter and Full Year 2025 Results Fourth Quarter Sales of $65.4 million, Adjusted EBITDA of $1.2 million, and Free Cash Flow of $11.6 million Continued Focus on Simplification Strategy to Position Company for Profitable Growth Apparel Sales in the Outdoor segment up 10% in the Fourth Quarter SALT LAKE CITY, March 5, 2026 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, report ...

Fourth Quarter Sales of $65.4 million, Adjusted EBITDA of $1.2 million, and Free Cash Flow of $11.6 million Continued Focus on Simplification Strategy to Position Company for Profitable Growth Apparel Sales in the Outdoor segment up 10% in the Fourth Quarter SALT LAKE CITY, March 05, 2026 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the fourth quarter and full year ended Decem ...

Company Overview - Clarus Corporation is a global leader in designing and developing equipment and lifestyle products for outdoor enthusiasts, headquartered in Salt Lake City, Utah [3] - The company aims to provide safe, simple, effective, and aesthetically pleasing products to enhance outdoor pursuits and adventures [3] - Clarus markets its products under well-known brands such as Black Diamond®, Rhino-Rack®, MAXTRAX®, TRED Outdoors®, and RockyMounts®, sold through various channels including outdoor specialty retailers and online platforms [3] Upcoming Financial Results - Clarus Corporation will hold a conference call on March 5, 2026, at 5:00 pm ET to discuss its financial results for the fourth quarter and full year ended December 31, 2025 [1][2] - The financial results will be released in a press release after the close of regular stock market trading hours on the same day as the conference call [1]