Fox Factory Hldg Corp - FOXF STOCK NEWS

GoPro (NASDAQ: GPRO) has announced significant changes to its Board of Directors. The company has appointed Mick Lopez, an experienced financial executive, as an immediate addition to the board. Lopez brings extensive experience from his roles at Vista Outdoors, L3 Harris, IBM, and Cisco Systems, and currently serves on Zeekr Technologies' board.

Additionally, GoPro has nominated two new candidates for board election at the June 3, 2025 stockholder meeting: Mike Dennison, CEO of Fox Factory Holding Corp., who manages ~$1.4B in global operations across 29 locations, and Emily Culp, Chief Strategy & Brand Officer at BodyHealth.com, who successfully scaled company revenues to over $100M.

Fox Factory Holding Corp. (FOXF) reported Q4 2024 financial results with net sales of $353 million, up 6.1% from prior year. Gross margin improved to 28.9%, a 120 basis point increase. The company reported breakeven earnings per share, with adjusted EPS of $0.31.

Key highlights include an 8.3% growth in bike revenues and $63 million in debt paydown through working capital improvements. The Specialty Sports Group (SSG) saw a 33.3% increase in sales, while the Aftermarket Applications Group (AAG) and Powered Vehicles Group (PVG) experienced decreases of 7.1% and 1.8% respectively.

For fiscal 2025, Fox Factory projects Q1 net sales between $320-350 million with adjusted EPS of $0.12-0.32, and full-year net sales of $1.385-1.485 billion with adjusted EPS of $1.60-2.60.

Fox Factory Holding Corp. (FOXF) has scheduled its fourth quarter 2024 earnings conference call for Thursday, February 27, 2025, after market close. The company will discuss results for the quarter ended January 3, 2025. The conference call will begin at 4:30 p.m. ET and will be accessible via:

- Live broadcast on the Investor Relations section of www.ridefox.com
- North American dial-in: (800) 579-2543
- International dial-in: (785) 424-1789
- Conference ID: FOXFQ424 or 36937424

The webcast will be archived online for one year.

Fox Factory Holding Corp. (FOXF) reported Q3 2024 financial results with net sales of $359.1 million, showing an 8.5% increase year-over-year. The Specialty Sports Group saw significant growth with a 107.6% increase, boosted by Marucci acquisition, while Aftermarket and Powered Vehicles segments declined. Earnings per diluted share dropped to $0.11 from $0.83 in Q3 2023. The company announced cost optimization efforts targeting over $25 million in savings and executed $400 million in interest rate swap hedges. For Q4 2024, Fox Factory expects net sales between $300-340 million with adjusted EPS of $0.25-$0.40.

Fox Factory Holding Corp. (Nasdaq: FOXF) has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results for the quarter ended September 27, 2024, on Thursday, October 31, 2024, after the market closes. Following the release, Fox Factory will host a conference call featuring executive management to discuss the results and provide additional details.

The conference call is scheduled for 4:30 p.m. ET on October 31, 2024. Investors and interested parties can access the live broadcast via the Investor Relations section of the company's website at www.ridefox.com. The call will also be archived online for one year. For those wishing to dial in, North American listeners can call (800) 225-9448, while international listeners should use (203) 518-9708. The conference ID for the call is FOXFQ324 or 36937324.

Fox Factory Holding Corp. (Nasdaq: FOXF) has announced its debut in the Rebelle Rally 2024, the longest competitive off-road navigation rally in the US. The company is fielding a team in the 4x4 class, featuring professional driver Kristen Matlock and Fox Factory test engineer Ashleigh Ballas. They will drive a Fox Factory-designed King of the Hammers Edition Ford Bronco with a custom suspension package.

Fox is also returning as an official partner through its Trail Trust social impact initiative, which focuses on sustainable adventure and expanding access to outdoor activities. The rally, taking place from October 10 to 19, 2024, will cover over 1,500 miles of desert terrain in California and Nevada, with teams relying solely on map and compass navigation.

Fox Factory Holding Corp. (Nasdaq: FOXF) has released its third annual sustainability report, highlighting progress in 2023 across four strategic areas: Planet, People, Product, and Business Fundamentals. Key achievements include:

Planet: 37% increase in renewable energy use at major facilities, expansion of Trail Trust initiative, and ISO certifications for environmental and safety management.

People: Launch of employee recognition program, new Learning Management System, and Veterans Employee Resource Group.

Product: Increased pre-production testing, new testing facilities, and sustainable packaging initiatives.

The report underscores Fox Factory's commitment to innovation, sustainability, and industry leadership in performance and adventure products.

Fox Factory Holding Corp. (NASDAQ: FOXF) reported its Q2 fiscal 2024 financial results. Net sales were $348.5 million, down 13.0% year-over-year but up 4.5% sequentially. Earnings per diluted share was $0.13, while adjusted earnings per diluted share was $0.38. The company saw a 52% sequential growth in bike revenues and improved net income and adjusted EBITDA margins. However, challenges persist in the Aftermarket Applications Group (AAG) and Powered Vehicles Group (PVG) segments due to macroeconomic headwinds. Fox Factory updated its full-year 2024 guidance and announced leadership changes, including CFO Dennis Schemm taking on the additional role of AAG President.

Fox Factory Holding Corp. (Nasdaq: FOXF) will release its second quarter 2024 financial results on Thursday, August 1, 2024, after market close.

A conference call with the executive management team is scheduled for the same day at 4:30 p.m. ET to discuss the results.

The call will be broadcast live on the Investor Relations section of the Company's website and will be archived for one year.

For North American listeners, the dial-in number is (800) 579-2543, and for international listeners, it's (785) 424-1789. The conference ID is FOXFQ224 or 36937224.