VSTO - Few Aspects Of Clarus' Sales Of Precision Sport Segment Seems Odd Says Analyst | Benzinga
Raymond James analyst Joseph Altobello reiterated a Market Perform rating on the shares of Clarus Corp (NASDAQ: CLAR).
Clarus announced Friday that it has entered into a definitive agreement to sell its Precision Sport Segment, including its Sierra and Barnes bullet and ammunition businesses, to a U.S.-based non-strategic buyer for $175 million in cash.
CLAR acquired Sierra Bullets in August 2017 for $79 million and Barnes Bullets in October 2020 for $30.5 million.
Together they comprise the company's Precision Sport segment, far and away its most profitable as the analyst forecast it will generate $26.6 million of adjusted EBITDA in 2023, or more than 80% of the analyst's total estimate for ...