CLAR

EX-99.1

2 tm2629056d1_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

Clarus Reports Third Quarter 2026 Results

Simplification Strategy Drives Improved Profitability

Grew Quarterly Sales at Outdoor by 12.4%

Raises Full Year 2026 Sales and Adjusted EBITDA Outlook

Jefferies LLC Continues to Assist with Strategic Review

SALT LAKE CITY, November 5, 2026 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the third quarter ended September 30, 2026.

Third Quarter 2026 Financial Summary vs. Same Year-Ago Quarter

·Sales of $71.2 million compared to $69.3 million.

·The Company received refunds of approximately $0.6 million related to previously paid International Emergency Economic Powers Act (“IEEPA”) tariffs, which were recorded as an offset to cost of goods sold.

·Gross margin was 41.0% compared to 35.1%. Third quarter 2026 gross margin includes a benefit of approximately 80 basis points from the recovery of IEEPA tariffs.

·Net income of $3.3 million with a net income margin of 4.6%, or $0.09 per diluted share, compared to net loss of $1.6 million with a net loss margin of (2.3)%, or $(0.04) per diluted share.

·Adjusted net income of $5.7 million, or $0.15 per diluted share, compared to adjusted net income of $0.4 million, or $0.01 per diluted share.

·Adjusted EBITDA of $6.8 million with an adjusted EBITDA margin of 9.6%, compared to Adjusted EBITDA of $1.8 million with an adjusted EBITDA margin of 2.6%.

Management Commentary

“We delivered strong third quarter results, reflecting the tangible progress we continue to make against our strategic priorities,” said Warren Kanders, Clarus’ Executive Chairman. “Our efforts to simplify the business, sharpen our product focus and improve operating efficiency are translating into stronger financial performance including gross margins north of 40% at both segments, driving significant net income and adjusted EBITDA growth year-over-year. This improvement in underlying profitability, which also reflects the recovery of previously paid IEEPA tariffs, underscores the benefits of our reduced cost structure and prioritization of our highest-volume and highest-margin products. Supported by continued positive momentum across our Outdoor and Adventure segments, we are pleased to raise our full-year guidance, reflecting our confidence in business fundamentals and constructive outlook for the remainder of 2026.”

Third Quarter 2026 Financial Results

On a consolidated basis, sales in the third quarter were $71.2 million compared to $69.3 million in the same year-ago quarter, up 2.7%. Sales in the Outdoor segment increased 12.4% to $54.7 million, compared to $48.7 million in the year-ago quarter. Sales in the Adventure segment decreased 20.2% to $16.5 million, compared to $20.7 million in the year-ago quarter.

Sales in the Outdoor segment increased due to increases in global wholesale, independent global distributor, and global direct-to-consumer revenues. Sales in the Adventure segment decreased due to an unfavorable wholesale market in Australia for Rhino-Rack and MAXTRAX, partially offset by favorable FX.

Gross margin in the third quarter was 41.0% compared to 35.1% in the year-ago quarter. The gross margin increase was primarily attributable to higher volumes and a favorable product mix at the Outdoor segment and receiving $0.6 million of IEEPA tariff refunds which was partially offset by lower volume at the Adventure segment.

Selling, general and administrative expenses in the third quarter were $25.3 million compared to $26.2 million in the same year-ago quarter. Third quarter 2026 expenses reflect decreases at the Adventure segment as a result of lower marketing, depreciation, amortization, and employee-related costs. Additionally, Corporate costs decreased due to lower outside service and employee-related costs. These decreases were partially offset by increases at the Outdoor segment due to higher sales expenses, partially offset by lower amortization costs.

Net income in the third quarter of 2026 was $3.3 million with a net income margin of 4.6%, or $0.09 per diluted share, compared to net loss of $(1.6) million with a net loss margin of (2.3)%, or $(0.04) per diluted share, in the year-ago quarter.

Adjusted net income in the third quarter of 2026 was $5.7 million, or $0.15 per diluted share, compared to adjusted net income of $0.4 million, or $0.01 per diluted share, in the year-ago quarter. Adjusted net income excludes amortization of intangibles, disposal of internally developed software, restructuring charges, transaction costs, contingent consideration benefit, inventory fair value of purchase accounting, and stock-based compensation.

Adjusted EBITDA in the third quarter of 2026 was $6.8 million, or an adjusted EBITDA margin of 9.6%, compared to adjusted EBITDA of $1.8 million, or an adjusted EBITDA margin of 2.6%, in the same year-ago

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1786363903.c9d454f9

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784333825.ccbac374

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.