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Article Date: November 2017
Word Count: 273

Clarus Has Q3 Loss on Acquisition Costs, but Raises Guidance


Net loss at the former Black Diamond Equipment expanded to $1,583,000 from a loss of $405,000 in the third quarter pulled down by $1.9 million in transaction costs related to the Sierra Bullets purchase, as revenues increased 16% to $45,774,000 from $39,441,000 including $3.5 million in Sierra sales. Excluding acquisition costs and restructuring expenses last year, adjusted net income increased 72% to $2.9 million. Gross margin was up 210 basis points to 33.4% due to a favorable mix of higher margin products and channel distribution.

 

In addition to the bullet boost, CLAR saw organic sales growth of 7%, including a 17% ... Log in to view full article.

 


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