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.
Sales increased 18.5% to $185.9 million compared to the same period last fiscal year.
Earnings per diluted share was $0.58.
Adjusted earnings per diluted share was $0.65, exceeding guidance.
The company introduced fiscal 2020 guidance.
For the first quarter of fiscal 2020, the Company expects sales in the range of $182 million to $190 million and non-GAAP adjusted earnings per diluted share in the range of $0.55 to $0.60. For the fiscal year 2020, the Company expects sales in the range of $881 million to $906 million and non-GAAP adjusted earnings per diluted share in the range of $3.00 to $3.10.
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