Black Diamond’s Plan to Shrink to Improve Profitability Takes Hold

November 8, 2024

The new leadership team at Black Diamond Equipment continues to make progress in restructuring the brand with the goal of having a smaller, more profitable business that focuses on the highest volume and highest margin styles.

Those initiatives paid off during the third quarter ended Sept. 30, with the brand’s adjusted EBITDA up 25%, while revenue dropped 19% to $49.3 million.

Black Diamond’s North American wholesale sales declined 22%, while North American digital DTC fell 4.4%. In Europe, which is run in-house by Black Diamond, wholesale sales declined 8.1%, while DTC sales rose 11.9%. Outdoor Retailer