Clarus Sees FY24 Revenue $270M-$280M Vs $278.31M Est.
Portfolio Pulse from Benzinga Newsdesk
Clarus Corporation (CLAR) has provided its fiscal year 2024 outlook, expecting sales between $270 million to $280 million, adjusted EBITDA of $11 million to $14 million, and capital expenditures of $6 million to $7 million. The company is focusing on scaling its Adventure segment in North America and Europe.
August 01, 2024 | 9:41 pm
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Clarus Corporation (CLAR) has provided its fiscal year 2024 outlook, expecting sales between $270 million to $280 million, adjusted EBITDA of $11 million to $14 million, and capital expenditures of $6 million to $7 million. The company is focusing on scaling its Adventure segment in North America and Europe.
The revenue projection is in line with estimates, which may not significantly impact the stock price in the short term. However, the focus on scaling the Adventure segment and the detailed financial outlook provide clarity for investors.
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