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Oct 01, 2021
Fox Q3 2021 Earnings Report
Fox achieved record quarterly sales and reported earnings for Q3 2021.
Key Takeaways
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.
Sales increased by 33.3% to $347.4 million compared to the same period last fiscal year.
Net income attributable to FOX stockholders was $43.8 million, or $1.03 of earnings per diluted share.
Non-GAAP adjusted net income was $50.5 million, or $1.19 of non-GAAP adjusted earnings per diluted share.
Adjusted EBITDA was $72.8 million, or 21.0% of sales.
Forward Guidance
For the fourth quarter of fiscal 2021, the Company expects sales in the range of $315 million to $335 million and non-GAAP adjusted earnings per diluted share in the range of $0.90 to $1.10. For the fiscal year 2021, the Company expects sales in the range of $1,272 million to $1,292 million and non-GAAP adjusted earnings per diluted share in the range of $4.35 to $4.55.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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