Fox Factory Hldg Corp Stock Price, News & Analysis

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.

Fox Factory has launched its new community investment program, Trail Trust, aimed at promoting sustainable outdoor adventures. The initiative focuses on responsible land use and increasing diversity in cycling and power sports. With approximately $500,000 already awarded to over 20 outdoor organizations, the program seeks to enhance access for individuals with disabilities. This effort aligns with Fox's broader sustainability strategy, emphasizing environmental and social governance as integral to its operations.

Fox Factory Holding Corp. reported a record quarterly sales of $347.4 million for Q3 2021, a 33.3% increase from $260.7 million in Q3 2020. Earnings per diluted share rose to $1.03 from $0.90. Non-GAAP adjusted earnings per diluted share reached $1.19, up from $1.07. Gross margin declined to 33.4%, affected by supply chain costs. Operating expenses increased to $60.8 million, driven by higher employee and commission costs. For fiscal 2021, the company projects sales between $1,272 million and $1,292 million.

Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its third-quarter results for the period ending October 1, 2021, on November 4, 2021, after market close. A conference call hosted by the executive management team is scheduled for the same day at 4:30 p.m. ET, where they will discuss the earnings report in detail. The call will be accessible live via the Company's website and archived for a year. Fox Factory specializes in designing and manufacturing performance products for various vehicles, including bicycles and trucks, and supplies top OEMs as well as aftermarket retailers.

Fox Factory Holding Corp. reported a record second quarter for fiscal 2021, with sales reaching $328.2 million, a 79.2% increase year-over-year. Earnings per diluted share were $1.05, up from $0.32 in the same period last year. The company's gross margin improved to 33.9% from 32.8% as the non-GAAP adjusted gross margin rose to 34.1%. Major growth came from a 92.4% increase in Powered Vehicles Group sales and a 63.9% rise in Specialty Sports Group sales. The company also made two acquisitions, enhancing its market position, and expects third quarter sales between $300 million and $320 million.

Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its Q2 2021 results on August 5, 2021, following the market's close. A conference call with executive management will occur at 4:30 p.m. ET on the same date to discuss the financial results in detail. The call can be accessed live via the company's website, and will be archived for one year. Fox Factory specializes in performance-defining ride dynamics products for various vehicles, catering to OEMs and aftermarket supply.

Fox Factory Holding Corp. (Nasdaq:FOXF) will present at Baird's 2021 Global Consumer, Technology and Services Conference on June 8, 2021. The company specializes in designing and manufacturing performance-defining ride dynamics products for various vehicles, including bicycles, trucks, and specialty vehicles. FOX serves as a direct supplier to prominent powered vehicle OEMs and top bicycle manufacturers, providing aftermarket products through retailers and distributors. This strategic participation in the conference highlights FOX's commitment to growth and innovation in the industry.