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 (FOXF) designs and manufactures high-performance suspension systems for vehicles ranging from off-road bikes to commercial trucks. This news hub provides investors and industry professionals with timely updates on corporate developments, product innovations, and market trends impacting this leading suspension technology provider.
Access comprehensive coverage of FOXF's press releases, earnings reports, and strategic initiatives. Track announcements related to engineering advancements, partnerships, and global expansion efforts across their FOX, FOX RACING SHOX, and RACE FACE brands. Our curated news collection serves as your centralized source for understanding FOXF's position in the performance vehicle components sector.
Key updates include product launch details, financial performance milestones, manufacturing innovations, and industry recognition. Bookmark this page for ongoing access to verified FOXF news without promotional bias.
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.
Fox Factory Holding Corp. reported record quarterly sales of $406.7 million, up 23.9% from $328.2 million year-over-year. Earnings per diluted share soared to $1.26, compared to $1.05 last year. Gross profit rose by 28.7% to $142.9 million, with gross margins improving to 35.1%. Despite strong demand across its product lines, the company announced a cautious outlook due to ongoing macroeconomic challenges. For fiscal 2022, FOXF expects sales between $1.535 billion to $1.565 billion and non-GAAP adjusted earnings per diluted share in the $5.00 to $5.30 range.
Fox Factory's Trail Trust initiative awarded over $210,000 to 24 nonprofit organizations to enhance outdoor education and experiences. This funding supports diverse vehicle categories including mountain bikes and ATVs, benefiting communities in the U.S., Canada, Germany, Mexico, and Armenia. Notable projects include adaptive biking programs and community bike parks aimed at expanding access to outdoor adventures. Trail Trust has now allocated more than $800,000 since its launch in November 2021, reflecting Fox Factory's commitment to sustainable outdoor experiences.
Fox Factory Holding Corp. (Nasdaq: FOXF) is set to announce its second-quarter results on August 4, 2022, after market close. A conference call with the executive management team will follow at 4:30 p.m. ET to discuss the results further. Investors can access the call via the Company’s website or through dedicated phone lines for North American and international listeners. Fox Factory specializes in performance-defining ride dynamics products for various vehicles, catering to both OEMs and aftermarket retailers.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported record quarterly sales of $378.0 million for Q1 2022, marking a 34.4% increase year-over-year. Earnings per diluted share were $1.13, up from $0.90 in Q1 2021. Despite these gains, gross margin decreased to 31.8% due to rising supply chain costs. The company expects sales between $385 million and $405 million for Q2 2022 and full-year sales guidance of $1,500 million to $1,530 million.
Fox Factory’s Trail Trust program has allocated over $150,000 to 19 nonprofit organizations in Q1 2022 to promote outdoor educational opportunities, focusing on diverse populations. Launched in November 2021, Trail Trust aims to encourage responsible land use and enhance participation in cycling and power sports. The funding supports varied initiatives, including trail maintenance and community projects. The program has now contributed more than $600,000 to over 40 nonprofits.
Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its first-quarter results for the period ending April 1, 2022, on May 5, 2022, after market close. A conference call with the management team will begin at 4:30 p.m. ET the same day to discuss the results. The call will be accessible via the company's Investor Relations website and will also be archived for one year. Fox Factory specializes in designing and manufacturing performance ride dynamics products for various vehicles, including bicycles and trucks, and is a direct supplier to major OEMs.
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