The Black Diamond parent’s Q4 loss was $65,521,000 against a loss of $8,389,000 a year ago on 7% lower revenues of $71,405,000 down from $76,503,000, reclassifying the divested Sierra and Barnes bullet businesses as discontinued operations. The red ink included $44.8 million in impairment charges and a $21.0 million tax expense for establishing a valuation allowance associated with deferred tax assets. Gross margin improved by 450 basis points to 33.4%, mainly from lower PFAS inventory reserves. SG&A was reduced by 7% and by 30 b.p. as a percent of sales. Inventory ... Log in to view full article.