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Jul 02, 2021
Fox Q2 2021 Earnings Report
Achieved record sales and earnings, driven by strong demand in both Powered Vehicles and Specialty Sports Groups, and completed two strategic acquisitions.
Key Takeaways
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.
Sales increased by 79.2% to $328.2 million compared to the same period last fiscal year.
Net income attributable to FOX stockholders was $44.3 million, or $1.05 of earnings per diluted share.
Non-GAAP adjusted net income was $51.0 million, or $1.20 of adjusted earnings per diluted share.
Adjusted EBITDA was $69.7 million, or 21.2% of sales.
Forward Guidance
For the third quarter of fiscal 2021, the Company expects sales in the range of $300 million to $320 million and non-GAAP adjusted earnings per diluted share in the range of $0.95 to $1.15. For the fiscal year 2021, the Company expects sales in the range of $1,200 million to $1,240 million and non-GAAP adjusted earnings per diluted share in the range of $4.25 to $4.45.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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