Clarus Sales, Adjusted EBITDA Will Exceed Guidance
Preliminary results of its final quarter show that sales were about $57 million, up 8% from last year’s $52.7 million, with Black Diamond up 8% and Sierra Bullets up 14%. For the FY, CLAR total sales rose 24% to $212 million, including 10% growth in Black Diamond and pro forma growth in Sierra, which was acquired in Aug., 2018, of 15%. Apparel sales were up 59% on a small base. It also said adjusted EBITDA would exceed its target of 9.5% and that total debt had increased to $22 million from $20.8 million while cash was down to $1.9 million ... Log in to view full article.