Clarus Corporation (NASDAQ:CLAR) Q3 2019 Earnings Conference Call - Final Transcript

Nov 04, 2019 • 05:00 pm ET


Clarus Corporation (NASDAQ:CLAR) Q3 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good afternoon everyone and thank you for participating in today's conference call to discuss Clarus Corporation's financial results for the third quarter ended September 30 2019. Joining us today are Clarus Corporation's President John Walbrecht; the Chief Administrative Officer and CFO Aaron Kuehne; and the company's external Director of Investor Relations Cody Slach. Following their remarks we'll open the call for your questions. Before we go further

I would like to turn the call over to Mr. Slach as he reads the company's safe harbor statements 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 Paul. Please note that during this call the company may use words such as appears anticipates beliefs plans expects intends future and similar expressions which constitutes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on the company's expectations and beliefs concerning future events impacting the company and therefore involve a number of risks and uncertainties. The company cautions you that for looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the fourth statements Potential risks and uncertainties that could cause the actual results of operations or financial condition of the company to differ materially from those expressed or implied by forward-looking statements used in this call include but are not limited to the overall level of consumer demand on the company's products; general economic conditions and other factors affecting consumer confidence preferences and behavior; disruption and volatility in the global currency capital and credit markets; the financial strength of the company's customers; the company's ability to implement its business strategy; the ability of the company to execute and integrate acquisitions;

The company's exposure to product liability or warranty claims and other loss contingencies; the stability of the company's manufacturing facilities and suppliers; changes in governmental regulation legislation or public opinion relating to the manufacture and sale of bullets and ammunition by our Sierra segment and the possession and use of firearms and ammunition by our customers; the company's ability to protect patents trademarks and other intellectual property rights; any breaches of or interruptions in our information systems; fluctuations in the price availability and quality of raw materials and contracted products as well as foreign currency fluctuations; the company's ability to utilize its net operating loss carryforwards; changes in tax laws and liabilities tariffs legal regulatory political and economic risks; and the company's ability to declare a dividend. 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 Securities and Exchange Commission including the company's annual report on Form 10-K quarterly reports on Form 10-Q and current reports on Form 8-K. All forward-looking statements included in this call are based upon information available to the company as of the date of