Overview
U.S. performance vehicle parts maker's fiscal Q1 revenue rose 3.9%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat consensus but declined from prior year
Company completed Phoenix AAG divestiture, with proceeds used for debt reduction
Outlook
Fox Factory expects Q2 net sales of $343 mln to $365 mln
Company sees Q2 adjusted EBITDA between $32 mln and $40 mln
Fox Factory reaffirms 2026 net sales guidance of $1.328 bln to $1.416 bln
Result Drivers
POWERED VEHICLES DEMAND - Co said higher sales in Powered Vehicles Group were driven by strengthening demand in powersports and continued momentum in the automotive aftermarket
SSG SALES DECLINE - Co said Specialty Sports Group sales fell due to distributor and dealer inventory destocking and a difficult prior-year comparison
GROSS MARGIN PRESSURE - Co said gross margin declined due to the net impact of tariffs and shifts in product line mix
Company press release: ID:nGNX1HX4M6
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$368.66 mln
$351.76 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$0.18
$0.08 (5 Analysts)
Q1 EPS
-$0.36
Q1 Net Income
-$15.02 mln
Q1 Gross Profit
$106.39 mln
Q1 Income From Operations
$5.95 mln
Q1 Pretax Profit
-$15.63 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)