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Apr 03, 2020
Fox Q1 2020 Earnings Report
Fox reported record first quarter sales with an increase of 14.0% reaching $184.4 million. Earnings per diluted share were $0.21, and adjusted earnings per diluted share were $0.52.
Key Takeaways
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.
Sales increased 14.0% to $184.4 million compared to the same period last fiscal year.
Net income attributable to FOX stockholders was $8.3 million, or 4.5% of sales, with earnings per diluted share at $0.21.
Non-GAAP adjusted net income was $20.5 million, or $0.52 of adjusted earnings per diluted share.
Adjusted EBITDA was $31.3 million, or 17.0% of sales, compared to $30.1 million, or 18.6% of sales in the same period last fiscal year.
Forward Guidance
Due to the rapidly evolving market conditions domestically and internationally in response to the continued spread of COVID-19, full fiscal year 2020 guidance remains suspended as previously reported on April 9, 2020 and the Company does not intend to provide quarterly guidance until further notice.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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