Clarus Corp, Q3 2026 Earnings Call Transcript

Clarus raised its 2026 adjusted EBITDA outlook to $15–17 million and lifted the low end of its revenue guidance, citing stronger results and a constructive fourth-quarter outlook. Outdoor led growth: Black Diamond revenue rose 12.4%, with broad-based gains and significant margin expansion driven by healthier inventory, a more profitable product mix and less discounting. Management expects momentum to continue, while cautioning that consumer sentiment and a potentially warmer El Niño winter could weigh on cold-weather categories.
Adventure sales fell 20.2%, mainly amid weak Australian demand, but gross margin improved 640 basis points excluding tariff refunds, and cost controls supported profitability. The company expects new products and commercial initiatives to help Adventure return to growth in 2027. Raw-material inflation is a potential headwind, though management does not expect it to drag on margins next year. Clarus also continues a strategic review that may include a sale of all or part of the business.