Benzinga | Aug 2, 2021 04:36PM EDT

Clarus Sees FY21 Sales $350M vs $340.03M Est.

Increased 2021 Outlook

Clarus now anticipates fiscal year 2021 sales to grow approximately 56% to $350 million ($295 million prior) compared to 2020. By brand, the Company now expects sales for Black Diamond to increase 26% to $215 million ($205 million prior) and Sierra and Barnes combined to increase 80% to $95 million ($90 million prior) compared to 2020. The Company expects sales for Rhino-Rack to be $40 million for the second half of 2021.

The Company now expects adjusted EBITDA in 2021 to increase approximately 132% to $52 million ($38 million prior) compared to 2020. Included in this assumption is the expectation for Rhino-Rack to contribute approximately $6 million in adjusted EBITDA for the second half of 2021. Capital expenditures are expected to be approximately $8.5 million ($7.5 million prior) in 2021.