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Dec 31, 2021
Fox Q4 2021 Earnings Report
Achieved quarterly sales growth and reported increased earnings per share.
Key Takeaways
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.
Sales increased by 30.5% to $342.3 million compared to the same period last fiscal year.
Earnings per diluted share rose to $0.89, up from $0.75 in the same period last fiscal year.
Non-GAAP adjusted earnings per diluted share increased to $1.06, compared to $0.90 in the same period last fiscal year.
The company completed the acquisition of Shock Therapy, enhancing its services and off-road aftermarket businesses.
Forward Guidance
For the first quarter of fiscal 2022, the Company expects sales in the range of $325 million to $340 million and non-GAAP adjusted earnings per diluted share in the range of $1.00 to $1.20. For the fiscal year 2022, the Company expects sales in the range of $1,435 million to $1,465 million and non-GAAP adjusted earnings per diluted share in the range of $4.90 to $5.20.
Positive Outlook
- Expected sales in the range of $325 million to $340 million for Q1 2022.
- Expected non-GAAP adjusted earnings per diluted share in the range of $1.00 to $1.20 for Q1 2022.
- Expected sales in the range of $1,435 million to $1,465 million for fiscal year 2022.
- Expected non-GAAP adjusted earnings per diluted share in the range of $4.90 to $5.20 for fiscal year 2022.
- Full year effective tax rate expected to be within the range of 11% to 15%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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