Clarus Corporation (NASDAQ:CLAR) Q2 2022 Earnings Conference Call August 1, 2022 5:00 PM ET Company Participants Cody Slach - Investor Relations John Walbrecht - President Mike Yates - Chief Financial Officer Conference Call Participants Alex Perry - Bank of America Anna Glaessgen - Jefferies Matt Koranda - ROTH Capital Joseph Altobello - Raymond James Laurent Vasilescu - BNP Paribas Linda Bolton-Weiser - D.A. Davidson Jim Duffy - Stifel Ryan Sundby - William Blair Mark Smith - Lake Street Operator Good aft ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _________ Commission File Number: 001-34767 CLARUS CORPORATION (Exact name of registrant as specified in its charter) Delaware 58-1972600 (State or other ju ...

Financial Data and Key Metrics Changes - Sales in Q1 2022 increased by 50% to $113.3 million compared to $75.3 million in Q1 2021, driven by growth in the Precision Sport segment and contributions from acquisitions [22][30] - Consolidated gross margins increased by 320 basis points to 39.1% compared to 35.9% in the prior year [27] - Net income for Q1 2022 was $5.3 million, or $0.13 per diluted share, compared to $5.7 million, or $0.17 per diluted share in the year-ago quarter [30] Business Segment Performance Changes - Precision Sport segment sales increased by 41% to $33.1 million, with significant growth in ammo and OEM business [25][30] - Outdoor segment sales were roughly flat at $51.5 million, impacted by supply chain challenges, although apparel sales grew by 53% [23][30] - Adventure segment sales were $28.7 million, with Rhino-Rack sales in North America increasing by 42% [26][30] Market Data and Key Metrics Changes - The company experienced strong demand in North America, particularly for Rhino-Rack, despite challenges in Australia due to floods and COVID-19 [19][18] - Direct-to-consumer sales grew by 38% in Q1 2022, indicating a strong shift towards e-commerce [11][24] Company Strategy and Industry Competition - The company is focused on its "Innovate and Accelerate" strategy, particularly in the Adventure segment, to capture market share [18][20] - The company aims to increase its direct-to-consumer sales to approximately 30% of total sales in the long term [86] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain costs are stabilizing, and they expect improvements in lead times and inventory flow in Q2 2022 [43][46] - The company anticipates consolidated sales growth of 25% for 2022, with expectations for all segments to contribute positively [35][36] Other Important Information - The company has upsized its credit agreement to $425 million to support future acquisitions and growth initiatives [34] - Inventory levels were at $152.7 million, up 18% from the end of 2021, reflecting proactive buying to meet demand [31] Q&A Session Summary Question: Supply chain cost trends and lead times - Management indicated that supply chain costs are starting to stabilize, and lead times are improving, with inventory beginning to flow back into warehouses [43][46] Question: Apparel penetration and channel mix - Apparel currently represents about 15% of global sales, with expectations to reach 30% in direct-to-consumer channels, driven by strong performance in key categories [50][51] Question: Drivers of gross margin improvement - The increase in gross margins was primarily driven by the Precision Sport segment, while the Outdoor segment faced some margin pressure [56] Question: Current posture on raw materials and inventory - Approximately $5 million of raw materials are included in the higher inventory levels, which are being managed to optimize production capacity [77] Question: Performance of the Precision Sport segment - Strong order books and demand for both ammo and OEM products were noted, with management remaining cautious about future capacity constraints [79][82]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _________ Commission File Number: 001-34767 CLARUS CORPORATION (Exact name of registrant as specified in its charter) Delaware 58-1972600 (State or other j ...

Clarus Corporation (NASDAQ:CLAR) Q4 2021 Earnings Conference Call March 7, 2022 5:00 PM ET Company Participants Cody Slach - Director of Investor Relations John Walbrecht - President Michael Yates - Chief Financial Officer Aaron Kuehne - Executive Vice President and Chief Operating Officer Conference Call Participants James Duffy - Stifel, Nicolaus & Company, Inc. Alexander Perry - Bank of America Merrill Lynch Randal Konik - Jefferies LLC Matt Koranda - ROTH Capital Partners Laurent Vasilescu - Exane BNP P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-34767 CLARUS CORPORATION (Exact name of registrant as specified in its charter) Delaware 58-1972600 (State or other juri ...

CLARUS Investor Presentation January 2022 Disclaimer Forward-Looking Statements This presentation contains statements that constitute forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief, estimates, forecasts, projections, assumptions or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, future events and plans of the Company. These forward-looking ...

Clarus Corporation (NASDAQ:CLAR) Q3 2021 Earnings Conference Call November 8, 2021 5:00 PM ET Company Participants Cody Slach - Senior MD & Director of Investor Relation John Walbrecht - President Aaron Kuehne - Executive VP, Treasurer, Secretary & CFO Conference Call Participants Jim Duffy - Stifel Laurent Vasilescu - Exane BNP Paribas Anna Glaessgen - Jefferies Matt Koranda - ROTH Capital Joe Altobello - Raymond James Ryan Sundby - William Blair Mark Smith - Lake Street Capital Linda Bolton-Weiser - D.A. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2021 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (801) 278-5552 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Sec ...

August 2, 2021 Clarus Reports Record Second Quarter 2021 Results and Raises Full-Year Outlook - Sales in the Second Quarter of 2021 Increased 144% Year-Over-Year to a Record $73.3 Million - - Raises Full-Year Outlook: Expects 2021 Sales and Adjusted EBITDA to Grow Approximately 56% and 132% Year-Over-Year to $350 Million and $52 million, Respectively - SALT LAKE CITY, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor ...