Clarus | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 56.16 M

Revenue: As of FY2026 Q2, the actual value is USD 56.16 M, beating the estimate of USD 51.54 M.

EPS: As of FY2026 Q2, the actual value is USD 0.12.

EBIT: As of FY2026 Q2, the actual value is USD 4.652 M.

Second Quarter 2026 Financial Highlights

Clarus Corporation reported consolidated sales of $56.2 million for the second quarter of 2026, marking a 1.6% increase compared to $55.2 million in the prior year quarter.

Operational Metrics

Gross margin significantly increased to 48.9% from 35.6% in the prior year, benefiting from approximately 1,090 basis points recovery of International Emergency Economic Powers Act (IEEPA) tariffs. Net income for the quarter was $4.7 million, with a net income margin of 8.4%, contrasting with a net loss of - $8.4 million and a net loss margin of -15.3% in the year-ago quarter. Adjusted net income stood at $6.8 million, an improvement from an adjusted net loss of - $3.1 million in the prior year. Adjusted EBITDA was $7.6 million, achieving a 13.6% adjusted EBITDA margin, compared to an adjusted EBITDA loss of - $4.4 million and a -8.0% adjusted EBITDA margin in the comparable period. Selling, general and administrative expenses decreased year-over-year to $24.3 million from $26.9 million.

Segment Revenue

Sales in the Outdoor segment increased by 8.5% to $39.8 million from $36.7 million in the year-ago quarter. The Outdoor segment’s Adjusted EBITDA was $9.0 million. Conversely, sales in the Adventure segment decreased by 11.9% to $16.4 million from $18.6 million in the prior year. The Adventure segment’s Adjusted EBITDA was $0.5 million.

Cash Flow

Net cash provided by operating activities for the three months ended June 30, 2026, was $1.7 million, a significant improvement from net cash used in operating activities of - $9.4 million in the prior year quarter. Capital expenditures for the second quarter of 2026 were $1.1 million, down from $1.9 million in the prior year. Free cash flow for the second quarter of 2026 was $0.6 million, compared to an outflow of - $11.3 million in the prior year quarter.

Liquidity

As of June 30, 2026, cash and cash equivalents totaled $28.9 million, a decrease from $36.7 million as of December 31, 2025. Clarus Corporation remained debt-free at the end of both periods.

Stock Repurchase Program

During the second quarter, Clarus Corporation repurchased 153,331 shares of its common stock for approximately $0.4 million, at an average price of $2.92 per share. Approximately $42.4 million remains under its $50 million stock repurchase program.

Unique Metrics: Acquisition

In June 2026, Rhino-Rack USA, a subsidiary of Clarus Corporation, acquired ONWRD Supply Co. brand and related assets, specializing in modular storage and organization systems for vehicles.

Outlook / Guidance

Clarus Corporation maintains its fiscal year 2026 sales guidance, expecting it to range between $245 million and $255 million. The company now anticipates adjusted EBITDA to be between approximately $12 million and $13 million, with an adjusted EBITDA margin of 5.0% at the mid-point of the revenue and adjusted EBITDA ranges. Free cash flow is projected to be $6 million for the full year 2026, while capital expenditures are expected to remain consistent at $6 million to $7 million.