Welcome to our dedicated page for Fox Factory Hldg news (Ticker: FOXF), a resource for investors and traders seeking the latest updates and insights on Fox Factory Hldg stock.
Fox Factory Holding Corp. (NASDAQ: FOXF) is frequently in the news for its financial performance, product launches, and capital structure developments. The company describes itself as a premium brand and a global leader in the design, engineering and manufacturing of products that deliver championship-level performance for specialty sports and on- and off-road vehicles. Its disclosures highlight a portfolio of brands that includes FOX, Marucci, and Method Race Wheels, and a role as a direct supplier of shocks, suspension, and components to leading powered vehicle and bicycle OEMs, as well as a provider of premium baseball and softball gear and equipment.
News coverage on this page typically includes quarterly and annual earnings releases, where Fox Factory reports net sales, segment performance for its Specialty Sports Group (SSG), Aftermarket Applications Group (AAG), and Powered Vehicles Group (PVG), gross margin trends, operating expenses, and net income or loss. These releases also describe non-GAAP measures such as adjusted EBITDA, adjusted earnings per diluted share, and free cash flow, along with management commentary on tariffs, interest rates, and demand conditions in its end markets.
Investors can also expect product and technology announcements, such as the introduction of FOX Live Valve aftermarket kits for trucks and Jeeps. In that context, the company has detailed how Live Valve uses an Inertial Measurement Unit, electronic solenoids, computing hardware, and proprietary Live IQ software to sense vehicle dynamics and adjust damping at each wheel, with driver control via an in-cabin mode selector and the FOX Connect App.
In addition, the news feed may feature capital markets and financing updates, including references to amendments to the company’s credit agreement, as well as notices of upcoming earnings conference calls and webcasts. For anyone tracking FOXF, this page provides a centralized view of the company’s official press releases and related updates over time.
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Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its first-quarter results on May 4, 2023, after market close. A conference call with the executive management team will follow at 4:30 p.m. ET on the same day, streamed live on its website. The company specializes in ride dynamics products for various vehicles, including bicycles and trucks, and serves top OEMs in the industry. The call will also be archived for future viewing.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported fourth quarter sales of $408.6 million, marking a 19.4% increase from the previous year. Earnings per diluted share rose to $1.25, up from $0.89. Gross profit grew 22.0% to $130.9 million, with a gross margin of 32.0%. For fiscal 2022, total sales reached $1.602 billion, a 23.4% increase year-over-year. The company anticipates fiscal 2023 sales between $1.67 billion and $1.70 billion, with non-GAAP adjusted earnings per diluted share projected at $5.15 to $5.45. The recent acquisition of Custom Wheel House, LLC is expected to enhance market diversification.
Fox Factory Holding Corp. (NASDAQ: FOXF) has announced the acquisition of Custom Wheel House, LLC (CWH) for $131.6 million, financed through cash and a line of credit. The acquisition will enhance FOX's position in the aftermarket vehicle performance sector, particularly in off-road products. CWH's portfolio includes Method Race Wheels and Tensor Tire, aligning with FOX's existing offerings. This strategic move is set to broaden FOX's market reach and is expected to be accretive to fiscal 2023 results. The deal is anticipated to close by the end of Q1 2023, pending customary conditions.
Fox Factory Holding Corp. (Nasdaq: FOXF) will release its fourth-quarter financial results for the period ending December 30, 2022, on February 23, 2023, after market close. A conference call with the executive management team will occur at 4:30 p.m. ET on the same day, providing details and insights into the results. The call will be accessible live on the Company's Investor Relations website and archived for one year. Fox Factory specializes in designing and manufacturing ride dynamics products for various vehicles, serving original equipment manufacturers and aftermarket retailers.
Fox Factory’s Trail Trust initiative has donated over $1 million to over 70 nonprofit organizations across seven countries since its launch in November 2021. The initiative focuses on promoting sustainable adventure and inclusivity in outdoor recreation. It aims to invest $10 million globally by 2030, targeting expanded access for 100,000 underrepresented adventurers. Partnerships with organizations like the Kootenay Adaptive Sport Association and the National Off-Highway Vehicle Conservation Council help facilitate trail access and education on responsible recreation.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported third-quarter fiscal 2022 sales of $409.2 million, marking a 17.8% increase year-over-year. Gross profit rose 18.3% to $137.3 million, with a gross margin of 33.5%. Net income was $50.8 million, resulting in earnings per diluted share of $1.20, up from $1.03 in the same quarter last year. Adjusted EBITDA stood at $85.1 million, or 20.8% of sales. Despite strong performance, increased operating expenses and global economic challenges were noted. Guidance for Q4 sales is projected between $370 million and $390 million.
Fox Factory Holding Corp. (Nasdaq: FOXF) is set to announce its third-quarter results for the period ending September 30, 2022, on November 3, 2022, after market close. Following this announcement, the company will host a conference call at 4:30 p.m. ET to discuss the financial results and provide additional insights. Investors can tune in via the company’s investor relations website, with options for North American and international callers.
Fox Factory has announced a partnership with the Society of Women Engineers (SWE) to enhance diversity and inclusion in engineering roles. This partnership aligns with Fox's presence at the SWE National Conference in Houston from Oct. 20-22. The initiative aims to support women in engineering through mentorship, training, and professional development. Fox is investing in its female workforce by providing SWE memberships. This collaboration is expected to attract skilled professionals and foster innovation within the company.