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.
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.
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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.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported a strong fourth quarter for fiscal 2021 with sales of $342.3 million, a 30.5% increase from the prior year. The company achieved earnings of $0.89 per diluted share and non-GAAP adjusted earnings of $1.06 per diluted share. Despite challenges like inflation and supply chain issues, net income increased to $37.7 million. For fiscal 2022, FOXF projects sales between $1,435 million and $1,465 million, with adjusted earnings per share between $4.90 and $5.20.
Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its fourth-quarter results for the period ending December 31, 2021, on February 24, 2022, after market close. A conference call with executive management to discuss these results is scheduled for the same day at 4:30 p.m. ET, available via the Company’s website. Fox Factory specializes in designing and manufacturing high-performance ride dynamics products for various vehicles, including bicycles and trucks, serving both OEMs and aftermarket markets.
Fox Factory Holding Corp. (Nasdaq:FOXF) announced that management will present at the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12, 2022. This virtual event will feature an investor presentation, which will be available on FOX's investor relations website during the conference. FOX designs and manufactures performance products for various vehicles including bicycles and trucks, serving leading OEMs and the aftermarket sector.