Clarus Corporation, the parent company of Black Diamond, improved its guidance, predicting a sales increase of between 20 and 23 percent this year and an adjusted Ebitda margin of about 8.5 percent, while reporting on a very strong second quarter. Sales went up by 50 percent to $45.9 million during the period, with increases of 64 percent in the U.S. and 32 percent abroad, thanks in part to the acquisition of Sierra Bullets. On a pro forma basis, Sierra Bullets and Black Diamond were up year-on-year by 32 percent and 14 percent, respectively. The group's gross margin improved by 5.1 percentage points to 34.6 percent. On an adjusted basis, Ebitda switched to earnings of $2.8 million from a loss of $2.7 million in the year-ago period. Adjusted net income of 2.6 million compared with an adjusted net loss of $3.4 million. More in The Outdoor Industry Compass.

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