Clarus Reports Third Quarter 2026 Results

SALT LAKE CITY, Nov. 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 third quarter ended September 30, 2026.

Third Quarter 2026 Financial Summary vs. Same Year‐Ago Quarter * Sales of $71.2 million compared to $69.3 million. * The Company received refunds of approximately $0.6 million related to previously paid International Emergency Economic Powers Act (“IEEPA”) tariffs, which were recorded as an offset to cost of goods sold. * Gross margin was 41.0% compared to 35.1%. Third quarter 2026 gross margin includes a benefit of approximately 80 basis points from the recovery of IEEPA tariffs. * Net income of $3.3 million with a net income margin of 4.6%, or $0.09 per diluted share, compared to net loss of $1.6 million with a net loss margin of (2.3)%, or $(0.04) per diluted share. * Adjusted net income of $5.7 million, or $0.15 per diluted share, compared to adjusted net income of $0.4 million, or $0.01 per diluted share. * Adjusted EBITDA of $6.8 million with an adjusted EBITDA margin of 9.6%, compared to Adjusted EBITDA of $1.8 million with an adjusted EBITDA margin of 2.6%. Management Commentary “We delivered strong third quarter results, reflecting the tangible progress we continue to make against our strategic priorities,” said Warren Kanders, Clarus’ Executive Chairman. “Our efforts to simplify the business, sharpen our product focus and improve operating efficiency are translating into stronger financial performance including gross margins north of 40% at both segments, driving significant net income and adjusted EBITDA growth year-over-year. This improvement in underlying profitability, which also reflects the recovery of previously paid IEEPA tariffs, underscores the benefits of our reduced cost structure and prioritization of our highest-volume and highest-margin products. Supported by continued positive momentum across our Outdoor and Adventure segments, we are pleased to raise our full-year guidance, reflecting our confidence in business fundamentals and constructive outlook for the remainder of 2026.”