Clarus Corporation (NASDAQ:CLAR) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET

Company Participants

John Walbrech - President

Mike Yates - CFO

Cody Slach - External Director of IR

Conference Call Participants

Alex Perry - Bank of America

Joseph Altobello - Raymond James

Anna Glaessgen - Jefferies

Matt Koranda - ROTH

Ryan Sundby - William Blair

Linda Bolton-Weiser - D.A. Davidson

Mark Smith - Lake Street

Operator

Good afternoon, everyone and thank you for participating in today's conference call to discuss Clarus Corporation's Financial Results for the Third Quarter ending September 30, 2022.

Joining us today are Clarus Corporation President, John Walbrecht; EVP and COO, Aaron Kuehne; Mike Yates and the company's External Director of Investor Relations, Cody Slach. Following their remarks, we'll open the call for your questions. [Operator Instructions]

Before we go further, I would now like to turn the call over to Mr. Slach 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.

Cody, please go ahead.

Cody Slach

Thanks. Before we begin, I would 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 the risks and uncertainties that face Clarus Corp and the industries in which we operate. More information on potential factors that could affect the Company's 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 through November 7 of 2023, starting at 7:00 p.m. Eastern 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' President, John Walbrecht. John?

John Walbrecht

Thanks, Cody. Welcome, everyone.

First, I want to thank all the teams across all our different brands. We are incredibly proud of everyone's tenacity and dedication in the face of uncertain macroeconomic environment and tough consumer backdrop. Our results this quarter demonstrate how resilient superfan brands are and how they continue to take market share even in the midst of down markets. We delivered market outperformance in our outdoor and Precision Sports segment and in our Adventure segment, while we are experiencing short-term challenges due to vehicle delivery shortfalls and strained supply chains, we are confident that we are positioning the brands for growth as outdoor adventure through overlanding continues to build momentum globally.