Clarus Corporation (CLAR)

Over the past year, Clarus Corp.'s stock has experienced a -24.74% change, with its 52-week trading range between $3.02 and $5.08. Key events include the Q3 2025 earnings report, where the company missed EPS estimates but exceeded revenue expectations, and the Q2 2025 earnings report, which showed decreased sales. Clarus completed the sale of its PIEPS snow safety brand and faced a CPSC investigation related to avalanche transmitters.

Clarus Corp. targets outdoor enthusiasts, but has noted a challenging consumer demand outlook and market softness in its Adventure segment. The company experienced a Covid-era boom in outdoor activities, suggesting that demand may have normalized post-pandemic. Sales in both the Outdoor and Adventure segments decreased in Q1 2025 due to product simplification and lower demand from global OEM customers.

Clarus Corporation is a consumer products company specializing in outdoor adventure gear and lifestyle products, operating within the Consumer Cyclical sector. The company designs, develops, manufactures, and distributes its products globally through various channels. Its portfolio includes the Outdoor segment, featuring brands like Black Diamond Equipment, offering products for climbing, mountaineering, and skiing, and the Adventure segment, which includes brands like Rhino-Rack, focusing on automotive roof racks and carriers.

Clarus Corp. has a global reach, with sales in Canada, Europe, Asia Pacific, Latin America, Australia, and the United States. Research, evaluation, and design activities are conducted in Salt Lake City, Utah; Aurora, Colorado; Lebring, Austria; and Sydney and Brisbane, Australia.

Clarus Corp.'s brand reputation, particularly for its Black Diamond brand, has been significantly impacted by an ongoing investigation by the U.S. Attorney's Office and the CPSC regarding the company's response to a problem with avalanche transmitters. This has led to warnings about potential legal, reputational, and financial risks. Black Diamond has also undertaken a restructuring effort to narrow its focus and simplify its product portfolio.

As of November 2025, Clarus Corporation's ownership is primarily held by institutional investors, who control approximately 74.73% of the shares. Insiders hold an 8.74% stake, while public/retail investors account for the remaining 16.53%. Notable institutional investors include Parthenon LLC, Brown Advisory Inc., and FMR LLC. Executive Chairman Warren B. Kanders is also a significant individual shareholder.