Fox Factory Holding Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 revenue and adjusted EBITDA exceeded guidance, driven by strong PVG and aftermarket performance, while cost savings and portfolio actions progressed as planned. Full-year guidance is reaffirmed, with margin expansion expected in H2 as cost programs and tariff relief take effect.
Fiscal Year 2025
-
Full-year sales grew 5.3% to $1.47B, but margin pressures led to a major cost reduction plan and divestitures of non-core businesses. 2026 guidance calls for a 6.5% sales decline but a 200 bps EBITDA margin improvement, with $50M in targeted savings and all divestiture proceeds going to debt reduction.
-
Q3 2025 saw 4.8% net sales growth and margin improvement, led by AAG and PVG, while SSG declined. Strategic investments and cost reductions are positioning for long-term growth, but macro headwinds and supply chain disruptions have led to revised lower guidance for Q4 and full-year 2025.
-
Q2 net sales rose 7.6% year-over-year to $374.9M, with all segments growing and adjusted EBITDA margin reaching a two-year high. Full-year sales guidance was raised, but EPS guidance narrowed due to higher tariff costs, with about half of the $50M impact expected to be offset.
-
Q1 2025 saw 6.5% sales growth to $355M, with sequential margin improvements and strong performance across all segments. Despite a $262M goodwill impairment, adjusted EPS met expectations, and full-year guidance is reaffirmed as cost savings and tariff mitigation strategies progress.
Fiscal Year 2024
-
Q4 and FY24 results met guidance, with cost reductions and debt paydown supporting margins amid challenging demand. FY25 outlook is cautious, with growth expected in AAG and Marucci, and margin improvement weighted to the second half as cost savings materialize.
-
Q3 2024 saw 8.5% revenue growth year-over-year, led by bike and Marucci, but margins declined due to OEM demand cuts and inventory actions. Strategic cost reductions and operational changes are underway, with cautious guidance for Q4 and 2025 amid ongoing macroeconomic headwinds.
-
Q2 2024 saw sequential improvement in sales and margins, but year-over-year declines due to macro headwinds and OEM challenges. Guidance was revised downward, with growth expected to resume in the second half, led by bike and Marucci, and further supported by new product launches and the MLB agreement.