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Black Diamond Owner Clarus Release Q2’23 Financial Results

Sales of $83.7 million compared to $114.9 million. Gross margin of 36.7% compared to 38.0%. Net loss of $2.1 million. Adjusted net income before non‐cash items of $4.2 million, or $0.11 per diluted share, compared to $13.1 million. Adjusted EBITDA of $7.3 million with an adjusted EBITDA margin of 8.7% compared to $17.6 million with an adjusted EBITDA margin of 15.3%. Management Commentary “Our second quarter results were impacted by the continued challenging macroeconomic environment and…