Fox Factory Holding Corp. delivered significant progress in the second quarter of fiscal 2025 with net sales of $374.9 million, an increase of 7.6% year-over-year. The growth was observed across all three segments, both sequentially and year-over-year, accompanied by continued improvement in adjusted EBITDA margin. Despite challenges like shifts in product mix and tariffs impacting gross margin, the company's operational improvements and strategic cost management initiatives yielded positive results on the bottom line.
Fox Factory Holding Corp. reported net sales of $355.0 million for the first quarter of fiscal 2025, a 6.5% increase year-over-year. The company experienced a net loss of $259.7 million, primarily due to a significant goodwill impairment charge, while adjusted net income was $9.8 million.
Fox Factory Holding Corp. delivered on its financial commitments for Q4 2024, with net sales of $352.8 million, an increase of 6.1% year-over-year. The company achieved a gross margin of 28.9% and adjusted gross margin of 29.2%. Earnings per diluted share were breakeven, while adjusted earnings per diluted share were $0.31. Working capital improvements led to a $63 million debt paydown.
Fox Factory Holding Corp. reported net sales of $359.1 million for the third quarter of fiscal 2024, an 8.5% increase compared to the prior year. Despite revenue growth, OEM customer challenges and broader market conditions impacted consumer discretionary spending, pushing results towards the lower end of expectations. The company has initiated strategic actions to improve margins and reduce costs.
Fox Factory Holding Corp. reported Q2 2024 net sales of $348.5 million, a 13.0% decrease compared to Q2 2023. Earnings per diluted share was $0.13, while adjusted earnings per diluted share was $0.38. The company is adjusting its full year 2024 guidance due to ongoing industry challenges and macroeconomic headwinds.
Fox Factory reported net sales of $333.5 million, a 16.6% decrease compared to the previous year. The company experienced a net loss of $3.5 million, with a loss per diluted share of $0.08. However, adjusted earnings per diluted share were $0.29, and the adjusted EBITDA margin improved sequentially to 12.1%. The company is narrowing its full year fiscal 2024 outlook towards the bottom-half of its previous range.
Fox Factory Holding Corp. reported Q4 2023 net sales of $332 million, a decrease of 18.6% compared to Q4 2022. Net income was $4 million, with earnings per diluted share of $0.10. The company faced headwinds from OEM challenges, including inventory recalibration, the UAW strike, and higher interest rates, but saw growth in aftermarket product lines.
Fox Factory Holding Corp. reported a decrease in net sales by 19.1% to $331.1 million compared to the third quarter of fiscal 2022. Despite the sales decline, the company maintained a strong adjusted EBITDA margin of 19.2%. They also announced a share repurchase plan and an agreement to acquire Marucci Sports, LLC.
Fox Factory Holding Corp. reported a slight decrease in net sales for Q2 2023 at $400.7 million, compared to $406.7 million in Q2 2022. However, the company exceeded expectations on adjusted EBITDA and adjusted EPS. Strong sales growth in PVG and AAG, and strong cash flow were noted.
Fox Factory Holding Corp. reported a 5.8% increase in sales to $399.9 million for the first quarter of fiscal 2023. Gross profit increased by 10.8% to $133.3 million. However, net income decreased to $41.8 million, with earnings per diluted share at $0.98.
Fox Factory Holding Corp. reported a strong fourth quarter with sales increasing by 19.4% to $408.6 million compared to the same period last fiscal year. The company's net income was $53.0 million, or $1.25 earnings per diluted share, compared to $37.7 million, or $0.89 earnings per diluted share in the same period last fiscal year. Non-GAAP adjusted earnings per diluted share was $1.43, compared to $1.06 in the same period last fiscal year.
Fox Factory Holding Corp. announced record sales of $409.2 million for the third quarter of fiscal year 2022, a 17.8% increase compared to the same period last year. Earnings per diluted share were reported as $1.20, and non-GAAP adjusted earnings per diluted share were $1.35. The company is closely monitoring end-market demand, global resilience, and volatility in currency exchange rates as they adjust their focus to 2023.
Fox Factory Holding Corp. reported record second-quarter results, with sales reaching $406.7 million, a 23.9% increase compared to the same period last year. The company's net income was $53.5 million, or $1.26 per diluted share, while non-GAAP adjusted earnings per diluted share were $1.38, a 15% increase year-over-year.
Fox Factory Holding Corp. reported record first-quarter revenue of $378 million, a 34.4% increase year-over-year, driven by record-breaking performances in both the Specialty Sports Group (SSG) and Powered Vehicles Group (PVG). The company also delivered record earnings per share, with GAAP EPS of $1.13 and non-GAAP adjusted EPS of $1.32, despite ongoing global pandemic and macroeconomic challenges.
Fox Factory Holding Corp. reported a 30.5% increase in sales, reaching $342.3 million for the fourth quarter of fiscal year 2021. Earnings per diluted share increased to $0.89, and non-GAAP adjusted earnings per diluted share rose to $1.06. The company's performance reflects strong demand and effective execution despite ongoing challenges.
Fox Factory Holding Corp. reported a 33.3% increase in sales, reaching a record $347.4 million for the third quarter of fiscal year 2021. Earnings per diluted share were reported at $1.03, with non-GAAP adjusted earnings per diluted share at $1.19.
Fox Factory Holding Corp. reported a significant increase in sales and earnings for the second quarter of fiscal year 2021. Sales increased by 79.2% to $328.2 million, and net income attributable to FOX stockholders was $44.3 million, or $1.05 per diluted share. The company also completed two acquisitions during the quarter, expanding its geographic reach and market presence.
Fox Factory Holding Corp. reported a 23.4% increase in sales to $260.7 million and a gross margin increase of 130 basis points to 34.3% for the third quarter of fiscal year 2020. The company reported earnings per diluted share of $0.90 and adjusted earnings per diluted share of $1.07.
Fox Factory Holding Corp. reported a 4.7% decrease in sales to $183.1 million for the second quarter of fiscal 2020, compared to $192.1 million in the same period last fiscal year. Net income attributable to FOX stockholders was $12.6 million, or $0.32 of earnings per diluted share, compared to $22.9 million, or $0.59 of earnings per diluted share in the same period last fiscal year.
Fox Factory Holding Corp. announced its financial results for the first quarter ended April 3, 2020, achieving record first quarter sales of $184.4 million. The company reported earnings per diluted share of $0.21 and adjusted earnings per diluted share of $0.52.
Fox Factory Holding Corp. reported strong Q4 2019 results, with sales increasing by 18.5% to $185.9 million. The company achieved an EPS of $0.58 and exceeded guidance with an adjusted EPS of $0.65. The increase in sales reflects a 24.2% increase in Powered Vehicles Group sales and an 11.3% increase in the sales of Specialty Sports Group products.