Clarus Q3 sales $71.2 million
CLAR•Clarus reported third-quarter sales of $71.2 million. It forecast full-year sales of $251 million to $255 million, compared with an IBES estimate of $252.5 million.
1. Quarterly results and outlook
Clarus reported third-quarter adjusted EBITDA of $6.8 million, an adjusted EBITDA margin of 9.6%, gross margin of 41%, net income of $3.3 million and capital expenditures of $1.2 million. The company forecast full-year adjusted EBITDA of $15 million to $17 million, an adjusted EBITDA margin of 6.3% and capital expenditures of $6 million to $7 million.
