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Fox Factory Holding (FOXF) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-09 00:30
For the quarter ended March 2025, Fox Factory Holding (FOXF) reported revenue of $355.03 million, up 6.5% over the same period last year. EPS came in at $0.23, compared to $0.29 in the year-ago quarter.The reported revenue represents a surprise of +8.06% over the Zacks Consensus Estimate of $328.55 million. With the consensus EPS estimate being $0.22, the EPS surprise was +4.55%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...
Fox Factory Holding (FOXF) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 23:10
Fox Factory Holding (FOXF) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this vehicle suspension maker would post earnings of $0.29 per share when it actually produced earnings of $0.31, delivering a surprise of 6.90%.Over the last four qua ...
Fox(FOXF) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:30
Fox Factory (FOXF) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Fox Factory Holding Corp's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. I'd now like to turn the conference over to Toby Merchant, Chief Legal Officer at Fox Factory Holdi ...
Fox Factory Holding Corp. Announces First Quarter 2025 Earnings Conference Call
GlobeNewswire· 2025-04-17 13:00
DULUTH, Ga., April 17, 2025 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (Nasdaq: FOXF) (the “Company”), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, will announce results for the first quarter ended April 4, 2025, on Thursday, May 8, 2025, after the market close. The Company will host a conference call with members of the executive management team to discuss these results with additional comments and ...
Strength Seen in Fox Factory Holding (FOXF): Can Its 19.6% Jump Turn into More Strength?
ZACKS· 2025-04-10 12:25
Fox Factory Holding (FOXF) shares ended the last trading session 19.6% higher at $21.97. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.8% loss over the past four weeks.Fox Factory's stock surged amid a broader market rebound following the Trump administration’s announcement of a temporary halt on reciprocal tariffs for most countries. The move came in response to steep market declines and growing fears that ta ...
Can Fox Factory Holding (FOXF) Climb 35.49% to Reach the Level Wall Street Analysts Expect?
ZACKS· 2025-03-03 16:00
Shares of Fox Factory Holding (FOXF) have gained 1.5% over the past four weeks to close the last trading session at $27.73, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $37.57 indicates a potential upside of 35.5%.The mean estimate comprises seven short-term price targets with a standard deviation of $5.09. While the lowest estimate of $30 indicates an 8.2% increase from the ...
Is Fox Factory Holdings (FOXF) a Great Value Stock Right Now?
ZACKS· 2025-03-03 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Fox(FOXF) - 2024 Q4 - Earnings Call Transcript
2025-02-28 07:41
Financial Data and Key Metrics Changes - Total consolidated net sales in Q4 2024 were $352.8 million, an increase of 6.1% compared to $332.5 million in the same quarter last year [41] - Gross margin increased by 120 basis points to 28.9% in Q4 2024, compared to 27.7% in the same quarter last year [42] - Net loss in Q4 2024 was $0.1 million, or zero per diluted share, compared to net income of $4.1 million, or $0.10 per diluted share, in the same quarter last year [44] - Adjusted EBITDA increased to $40.4 million for Q4 2024, compared to $38.8 million in the same quarter last year [45] Business Line Data and Key Metrics Changes - In the Powered Vehicle Group (PVG), net sales were $116 million, slightly down from $118 million in the prior year quarter, but up 5% sequentially [16] - In the Aftermarket Applications Group (AAG), net sales were $112 million, down from $121 million in the prior year quarter, but up 11% sequentially [22] - In the Sports Segment Group (SSG), net sales were $125 million compared to $93 million last year, reflecting a 41.5% increase from a full quarter of Marucci [29] Market Data and Key Metrics Changes - The automotive sector continues to face headwinds from ongoing OEM production issues, with expectations for flat-to-down, low single-digit retail sales in 2025 [19] - The bike business is experiencing varied recovery rates across different geographies, channels, and customers, with a cautious outlook for 2025 [30] - The European market showed strength in early 2024, but purchasing habits weakened in Q4 due to inventory concerns [32] Company Strategy and Development Direction - The company is focused on operational excellence and strategic positioning across segments, with a comprehensive cost reduction program aimed at improving margins [56] - The company is diversifying across segments, products, markets, and geographies, with a focus on product development initiatives to create new customer engagements [15] - The company aims to restore best-in-class EBITDA margins as market conditions normalize while driving higher rates of free cash flow [16] Management's Comments on Operating Environment and Future Outlook - Management expects continued market pressures in 2025 but remains committed to operational efficiency and cost management to protect margins [21] - The company anticipates net sales for fiscal year 2025 in the range of $1.385 billion to $1.485 billion, with adjusted earnings per diluted share between $1.60 and $2.60 [52] - Management acknowledges the complexity of the regulatory environment, including tariffs, and is actively analyzing potential impacts [37] Other Important Information - The company has identified $25 million in savings across COGS and SG&A as part of its cost optimization plan [13] - The company is expanding its product portfolio, including the launch of the AGwagon, designed for agricultural use [26] - The company is working on several new products expected to launch in 2025, which are anticipated to revolutionize the suspension and bike market [32] Q&A Session Summary Question: Update on Taiwan facilities consolidation and capacity - Capacity is in line with pre-COVID levels, with increased efficiency within the same footprint, and future growth may occur outside Taiwan [62] Question: Update on the upfitting business and dealership dialogue - Strong relationships are being cultivated with dealers, and efforts are being made to reposition inventory effectively [66] Question: Insights on the bike business and revenue expectations - The company is being conservative in its outlook for the bike business, with potential upside but cautious due to previous forecasting challenges [72] Question: Impact of the new MLB partnership on Marucci - Growth is expected to ramp up in Q2 and Q3, with positive signs but no specific numbers provided yet [76] Question: Conversations with OEM partners regarding tariffs - The company feels relatively insulated from tariff impacts due to its focus on premium products and strong relationships with OEMs [84]
Fox(FOXF) - 2024 Q4 - Earnings Call Transcript
2025-02-28 02:10
Fox Factory Holding Corp. (NASDAQ:FOXF) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Toby Merchant - Chief Legal Officer and Chief Compliance Officer Mike Dennison - CEO Dennis Schemm - CFO and President, After Market Applications Group Conference Call Participants Jim Duffy - Stifel Mike Swartz - Truist Anna Glaessgen - B. Riley Larry Solow - CJS Securities Alex Perry - Bank of America Merrill Lynch Scott Stember - ROTH MKM Craig Kennison - Baird Bret Jordan - Jefferie ...
Fox Factory Holding Corp. (FOXF) Q4 2024 Earnings Conference Call Transcript
Seeking Alpha· 2025-02-28 02:10
Company Overview - Fox Factory Holding Corp. conducted its Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call on February 27, 2025 [1][2] - The call featured key participants including the Chief Legal Officer, Chief Executive Officer, and Chief Financial Officer [1][3] Earnings Presentation - The earnings release was made available prior to the call, accessible on the investor relations section of the company's website [4] - The conference included a structured format with business updates from the CEO followed by a review of quarterly results and outlook from the CFO [3]