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Article Date: March 2024
Word Count: 421

Clarus Resets, Now Flush with Cash after Ammo Sale


Net loss narrowed to $8,389,000 from last year’s impairment burdened $81,604,000 loss on sales that improved 4% to $76,503,000 from $73,839,000, excluding the recently sold Precision Sports ammo segment. Including the discontinued business, sales tallied $94.8 million. CLAR closed the sale of Sierra and Barnes on Feb. 29 to JDG Capital Company for $175 million in cash, using the proceeds to clear all outstanding debt on the balance sheet, which left about $43 million. The ongoing turnaround efforts will now focus on organic growth in higher margin categories, with M&A looking ... Log in to view full article.

 


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