A $92.3 million impairment charge for CLAR’s underperforming Adventure segment, which includes Rhino-Rack and Maxtrax, sent Q4 net income $89,420,000 into the red from a profit of $9,125,000 prior, as sales slipped 12% to $104,182,000 from $118,183,000. Adventure sales dropped by 28% to $18.5 million, continuing to feel the impact from fewer new vehicle deliveries and lower consumer demand. Outdoor segment sales of Black Diamond and other brands dipped 15% to $55.3 million on retail destocking at North American wholesale accounts, but international sales improved, and apparel was called out as ... Log in to view full article.