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Fox Factory Holding Corp   (FOXF)
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Price: $46.8100 $-0.48 -1.015%
Day's High: $48.885 Week Perf: -9.51 %
Day's Low: $ 46.78 30 Day Perf: -29.4 %
Volume (M): 758 52 Wk High: $ 125.08
Volume (M$): $ 35,463 52 Wk Avg: $88.06
Open: $47.29 52 Wk Low: $44.10



 Market Capitalization (Millions $) 1,985
 Shares Outstanding (Millions) 42
 Employees 1,500
 Revenues (TTM) (Millions $) 1,464
 Net Income (TTM) (Millions $) 121
 Cash Flow (TTM) (Millions $) -62
 Capital Exp. (TTM) (Millions $) 49

Fox Factory Holding Corp

Our company, Fox Factory Holding Corp., designs, engineers, manufactures and markets performance ride dynamics products for customers world-wide. Fox Factory Holding Corp. is the holding company of Fox Factory, Inc. As used herein, "Fox Factory," "FOX," the "Company," "we," "our," and similar terms refer to Fox Factory Holding Corp. and its subsidiaries, unless the context indicates otherwise. Our premium brand ride dynamics products, are used primarily on bicycles ("bikes"), side-by-side vehicles ("Side-by-Sides"), on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, or ATVs, snowmobiles, specialty vehicles and applications, and motorcycles. We define ride dynamics as the interplay between the rider, the vehicle and the terrain, and we offer unique solutions to improve performance and control. Some of our products are specifically designed and marketed to some of the leading action sports original equipment manufacturers ("OEMs"), while others are distributed directly to consumers through a global network of dealers and distributors.

We are a designer, manufacturer and marketer of performance ride dynamics products used primarily on bicycles, Side-by-Sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, or ATVs, snowmobiles, specialty vehicles and applications, and motorcycles. We believe our products offer innovative design, performance, durability and reliability. Our brand is associated with high-performance and technologically advanced products, by which we generally mean products that provide users with improved control and a smoother ride while riding over rough terrain in varied environments. We believe that the performance of our products has been demonstrated by, and our brand benefits from, the success of professional athletes who use our products in elite competitive events, such as the Union Cycliste Internationale Mountain Bike World Cup and the X Games. We believe the exposure our products receive when used by successful professional athletes positively influences the purchasing habits of enthusiasts and other consumers seeking high-performance products. We believe that our strategic focus on the performance and racing segments in our markets influences many aspiring and enthusiast consumers who we believe seek to emulate the performance of professional and other elite athletes. We believe our products are generally sold at premium prices, which to us means manufacturer suggested retail sale prices that are generally in the upper quartile of their respective product categories.


We design our products for, and market our products to, some of the world’s leading action sports OEMs and to consumers through the aftermarket channel. Many of our OEM customers, including Giant, Scott, Specialized and Trek in bikes and BRP, Ford, Yamaha and Polaris in powered vehicles, are among the market leaders in their respective product categories, and help shape, as well as respond to, consumer trends in their respective categories. We believe that OEMs often prominently display and incorporate our products to improve the marketability and consumer demand for their performance models, which reinforces our brand image. In addition, consumers select our products in the aftermarket channel where we market through a global network of dealers and distributors.
For clarification, we are not affiliated with Fox Head, Inc., an action sports apparel company.

We participate in large global markets for bikes and powered vehicles used by recreational and professional users. Today, our products for powered vehicles are used primarily on Side-by-Sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, and motorcycles.
We focus on premium priced products within each of these categories, which we consider to be the high-end segment because of their higher retail sale prices, where we believe consumers have a preference for well-designed, performance-oriented equipment. We believe that ride dynamics products, which include suspension systems, as well as wheels, cranks, and other components, are critical to the performance of the bikes and powered vehicles in the product categories in which we focus and that technical features, component performance, product design, durability, reliability and brand recognition strongly influence the purchasing decisions of consumers. Over the past decade, there have been significant technological advances in materials and features that have increased product functionality and performance, allowing high-end suspension products to be adapted for use in additional end-markets and bike and powered vehicle categories.

We believe the high-end segments in which we participate are well positioned for growth due to several factors, including:

increasing average retail sales prices, which we believe are driven by differentiated and feature-rich products with advanced technologies;

continuing product cycle innovation, which we have observed often motivates consumers to upgrade and purchase new products for enhanced performance; and

increased sales opportunities for high-end bikes and powered vehicles in international markets.
As vehicles in our end-markets evolve and grow more capable, ride dynamics products and components have become, and we believe will continue to become, increasingly more important for improved performance and control. Additionally, we believe there are opportunities to continue to leverage our technical know-how in suspension products to provide solutions beyond our current end-markets.



   Company Address: 2055 Sugarloaf Circle, Suite 300 Duluth 30097 GA
   Company Phone Number: 274-6500   Stock Exchange / Ticker: NASDAQ FOXF
   


Customers Net Income fell by FOXF's Customers Net Profit Margin fell to

-11.94 %

6.89 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Fox Factory Holding Corp

Fox Factory Holding Corp. Makes Bold Move with Acquisition of Wheelhouse Holdings, Inc. Amid Financial Challenges



In a significant move that marks a strategic expansion beyond its core business, Fox Factory Holding Corp. recently completed its acquisition of Wheelhouse Holdings, Inc., the majority-owned subsidiary of Compass Diversified. This acquisition positions Fox as a player in the performance sports industry, including the lucrative market for bicycles, on-road, and off-road vehicles. While this development opens up new opportunities, the company also faced challenges in its recent financial performance.
Financial Challenges:
For the fourth quarter of 2023, Fox Factory Holding Corp experienced a sharp decline in income, with a staggering -92.34% drop per share compared to the previous year. Additionally, earnings per share (EPS) saw a decline of -88.48% from the previous reporting period. The company's revenue also receded considerably by -18.337% in comparison to the same period the previous year.

Contract

Unlocking Growth: Fox Factory's Marucci Sports Acquisition Paves the Way for Market Expansion

Published Wed, Nov 15 2023 1:00 PM UTC


In a recent update, Compass Diversified (CODI) announced the successful completion of the sale of its majority-owned subsidiary, Wheelhouse Holdings, Inc. (Marucci Sports, LLC), to Fox Factory Holding Corp. (FOX). This acquisition showcases FOX's strategic move to expand beyond designing performance-defining ride dynamics products for bicycles, on-road, and off-road veh...

Fox Factory Holding Corp

Fox Factory Holding Corp Faces Investor Concern as EPS Plummets due to Weak Sales in the Fiscal Time-Frame Ending September 29, 2023

Investors Concerned as Fox Factory Holding Corp Declares Disappointing Fiscal Results and Struggles to Recover
In the most recent fiscal period, Fox Factory Holding Corp (FOXF) reported disappointing financial figures, causing concern among investors. The company declared soft top and bottom-line performance, with a significant decline in earnings per share (EPS) and revenue. Earnings per share dropped by -30.83%, while revenue decreased by -19.293% year on year.
The revenue for this period amounted to $330.23 million, a significant decline from $409.17 million in the same interval last year. Similarly, EPS dropped from $1.20 to $0.83. This deterioration in top-line performance is in stark contrast to the remainder of the Auto & Truck Parts industry, which recorded revenue growth during the same period.

Fox Factory Holding Corp

Fox Factory Holding Corp Observes a Dip In Earnings and Revenue in Q2 2023, Falling Behind Auto & Truck Parts Industry Growth



Fox Factory Holding Corp (NASDAQ: FOXF), a leading player in the Auto & Truck Parts industry, revealed a decline in its financial performance for the second quarter ending June 30, 2023. The company reported a decrease in earnings per share (EPS) by -25.4% to $0.94 and a revenue decline of -1.642% to $400.03 million, compared to the same period the previous year.
In contrast to the company's scenario, the Auto & Truck Parts industry has recorded a notable gain of 16.54% in revenue compared to the same quarter in 2022. This indicates that Fox Factory Holding Corp's negative performance may be unique to the company rather than a reflection of the industry as a whole.

Fox Factory Holding Corp

Fox Factory Holding Corp's First Quarter Earnings Season: Revenue Surges Amidst Setbacks

Investors were disappointed with Fox Factory Holding Corp's first quarter 2023 results, which showed a return on equity (ROE) of 18.33%, below the company's average of 22.35%. The drop in net income is the primary reason for the decline in ROE, marking a worrying trend for shareholders. The Auto & Truck Parts industry saw five other companies outpace Fox Factory Holding in ROE, signaling that the company may need to rethink its strategies to remain competitive.
Despite the disappointing results, there is a silver lining for investors. Fox Factory Holding's return on equity ranking improved from 835 to 398 in the first quarter of 2023, indicating signs of recovery. The company's efforts to focus on sales in the first quarter paid off as revenue grew by 5.787% to $399.85 million, up from $377.98 million YoY. However, income fell by -13.27% to $0.98 per share, down from $1.13 in the prior year financial reporting period.






 

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