Clarus Sees FY23 Revenue $364M-$368M Vs $388.7M Est.
Portfolio Pulse from Benzinga Newsdesk
Clarus Corporation has revised its fiscal year 2023 outlook, now expecting sales of $364 million to $368 million, down from the previous estimate of $388.7 million. Adjusted EBITDA is expected to be between $33 million and $35 million. Capital expenditures are projected to be around $6 million, and free cash flow is expected to range between $20 and $22 million.
November 08, 2023 | 12:58 am
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Clarus Corporation has lowered its FY23 sales outlook, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
Clarus Corporation's revised FY23 sales outlook is lower than previously estimated. This could be perceived negatively by investors, who may see it as a sign of decreased profitability in the future, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100