CLAR - Clarus Corporation (CLAR) Q1 2024 Earnings Call Transcript

2024-05-04 21:29:08 ET

Clarus Corporation (CLAR)

Q1 2024 Earnings Conference Call

May 2, 2024 17:00 ET

Company Participants

Matt Berkowitz - Investor Relations

Warren Kanders - Executive Chairman

Mike Yates - Chief Financial Officer

Neil Fiske - President, Black Diamond Equipment

Mathew Hayward - Management Director, Adventure

Conference Call Participants

Laurent Vasilescu - BNP Paribas

Matt Koranda - ROTH MKM

Mark Smith - Lake Street

Peter McGoldrick - Stifel

Presentation

Operator

Good afternoon, everyone and thank you for participating in today’s conference call to discuss Clarus Corporation’s financial results for the First Quarter ended March 31, 2024. Joining us today are Clarus Corporation’s Executive Chairman, Warren Kanders; CFO, Mike Yates; President, Black Diamond Equipment, Neil Fiske; Management Director of Clarus’ Adventure segment, Mathew Hayward; and the company’s External Director of Investor Relations, Matt Berkowitz. Following the remarks, we will open the call for your questions.

Before we go further, I would like to turn the call over to Mr. Berkowitz as he reads the company’s Safe Harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Matt, please go ahead.

Matt Berkowitz

Thank you. Before I begin, I’d like to remind everyone that during today’s call, we will be making several forward-looking statements and we make these statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act. These forward-looking statements reflect our best estimates and assumptions based on our understanding of information known to us today. These forward-looking statements are subject to potential risks and uncertainties that could cause the actual results of operations or financial condition of Clarus Corporation to differ materially from those expressed or implied by the forward-looking statements. More information on potential factors that could affect the company’s operating and financial results is included from time-to-time in the company’s public reports filed with the SEC. I’d like to remind everyone this call will be available for replay starting at 7:00 p.m. Eastern Time tonight. A webcast replay will also be available via the link provided in today’s press release as well as on the company’s website at claruscorp.com.

Now, I’d like to turn the call over to Clarus’ Executive Chairman, Warren Kanders....

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