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Article Date: August 2026
Word Count: 172

Clarus Banks Tariff Refund for Q2 Profit


Net income was $4,714,000 in the second quarter against a loss of $8,434,000 last year, boosted by a $6.1 million IEEPA tariff refund, as revenues grew by 2% to $56,156,000 from $55,247,000. Black Diamond equipment in the Mountain, Climb, and Apparel categories accounted for 95% of segment revenues, but the Adventure segment’s Rhino-Rack and Maxtrax continued to struggle. Before the end of the quarter, Rhino-Rack added the Onwrd modular vehicle storage and organization system brand. Gross margin ... Log in to view full article.

 


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