Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-36040 Fox Factory Holding Corp. (Exact Name of Registrant as Specified in Its Charter) Delaware 26- ...

Financial Data and Key Metrics Changes - In Q1 2020, the company generated sales of $184.4 million, a 14% increase compared to $161.7 million in Q1 2019 [21][36] - Gross margin was 30.7%, a decrease of 90 basis points from 31.6% in the prior year [37] - Non-GAAP adjusted net income was $20.5 million, a decrease of approximately $1.1 million compared to $21.6 million in Q1 2019 [44] - The effective tax rate for Q1 2020 was 9.5%, lower than the expected mid- to long-term rate due to a reduction of foreign tax [42] Business Line Data and Key Metrics Changes - Powered Vehicles Group product sales increased by 24.6% compared to Q1 2019, driven by strong OEM channel performance prior to the pandemic [21] - Specialty Sports Group sales decreased by 1.8% compared to the prior year, reflecting a shift in timing of OEM orders [22] - The Specialty Sports Group's model year 2021 introductions have been well received, indicating potential for future growth despite a slight decline in Q1 [23] Market Data and Key Metrics Changes - The company experienced a temporary slowdown in the Powered Vehicles Group due to OEM customer closures, while aftermarket sales remained strong [19][60] - In April, OEMs were shut down in the U.S., impacting Powered Vehicles Group results, but the Specialty Sports Group functioned in a more normalized production environment [24][60] Company Strategy and Development Direction - The company is focused on expanding its powered vehicles manufacturing footprint in Georgia, with the first phase of the new facility set to be operational soon [20][29] - The acquisition of SCA is expected to enhance the company's North American manufacturing footprint and diversify its brand and product portfolio [30][31] - The company remains optimistic about growth opportunities as North America and Europe begin to reopen their economies [29] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of employee health and safety while navigating the challenges posed by the COVID-19 pandemic [9][52] - The company believes that the issues faced are transitory and not indicative of a long-term demand problem [27] - There is an expectation of pent-up demand for powered vehicles as the economy reopens, although the exact timing remains uncertain [101] Other Important Information - The company incurred approximately $1.8 million in COVID-19-related costs in Q1, which impacted gross profit results [11][37] - The company has taken measures to manage costs, including reducing nonessential operating expenses and furloughing employees [48][49] - The company has a $250 million revolving credit facility, providing financial flexibility moving forward [50] Q&A Session Summary Question: Impact of COVID-19 on Powered Vehicle Sales - Management noted that while end-customer demand remained strong, factory shutdowns significantly impacted sales in April [58][60] Question: Resilience of Customers During Economic Slowdown - Management indicated that the current situation is a pandemic response rather than a recessionary one, and end-customer demand has remained strong [64][66] Question: Annualized Benefit from Cost-Cutting Measures - Management stated that it is difficult to specify the annualized benefit from cost-cutting measures due to the variability in furlough durations and production ramp-up [70][74] Question: Retail Demand and Lead Times - Management confirmed that the order book was strong going into Q2, reflecting good visibility into demand for model year 2021 products [101] Question: Aftermarket Trends - Management reported that aftermarket demand for bikes remained strong, while powered vehicle aftermarket sales were impacted by installer availability [90][91]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-36040 Fox Factory Holding Corp. (Exact Name of Registrant as Specified in Its Charter) Delaware 26 ...

Fox Factory Holding Corp. (NASDAQ:FOXF) Q4 2019 Earnings Conference Call March 3, 2020 4:30 PM ET Company Participants David Haugen – General Counsel Mike Dennison – Chief Executive Officer John Blocher – Interim Chief Financial Officer Conference Call Participants Mike Swartz – SunTrust Robinson Humphrey Craig Kennison – Robert W. Baird and Company Scott Stember – CL King Larry Solow – CJS Securities Jim Duffy – Stifel Alex Maroccia – Berenberg Rafe Jadrosich – Bank of America Merrill Lynch Operator Greeti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 3, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36040 Fox Factory Holding Corp. (Exact Name of Registrant as Specified in its Charter) Delaware 26-1647258 (State or ...

Fox Factory Holding Corp. (NASDAQ:FOXF) Q3 2019 Earnings Conference Call October 30, 2019 4:30 PM ET Company Participants Dan Robbins - Senior Director of Communications and Investor Relations Mike Dennison - Chief Executive Officer Rich Winters - President, Powered Vehicles Group Chris Tutton - President, Specialty Sports Group Zvi Glasman - Chief Financial Officer and Treasurer Conference Call Participants Michael Swartz - SunTrust Rafe Jadrosich - Bank of America Merrill Lynch Larry Solow - CJS Securitie ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-36040 Fox Factory Holding Corp. (Exact Name of Registrant as Specified in Its Charter) Delawa ...

Fox Factory Holding Corp. (NASDAQ:FOXF) Q2 2019 Results Conference Call July 31, 2019 4:30 PM ET Company Participants David Haugen - General Counsel Mike Dennison - CEO Rich Winters - President, Powered Vehicles Group Chris Tutton - President, Specialty Sports Group Zvi Glasman - CFO and Treasurer Chris Tutton - President, Specialty Sports Group Conference Call Participants Michael Swartz - SunTrust Robinson Humphrey Craig Kennison - Robert W. Baird & Co. Scott Stember - C.L. King Larry Solow - CJS Securiti ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201%2E%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, highlighting significant sales growth, increased assets, and a new credit facility [Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $579.8 million, driven by inventory and equipment, while liabilities rose to $195.6 million due to a new credit facility Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 28, 2019 | December 28, 2018 | | :--- | :--- | :--- | | **Total current assets** | $289,506 | $231,947 | | Inventory | $136,005 | $107,140 | | Property, plant and equipment, net | $95,097 | $64,788 | | **Total assets** | **$579,773** | **$485,254** | | **Total current liabilities** | $106,024 | $96,785 | | Line of credit | $77,553 | $— | | Long-term debt, less current portion | $— | $52,503 | | **Total liabilities** | **$195,571** | **$149,767** | | **Total stockholders' equity** | **$369,180** | **$321,205** | [Condensed Consolidated Statements of Income](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Income) The company reported strong year-over-year growth in sales and net income for both the three and six-month periods, with Q2 sales up 22.5% to $192.1 million Statement of Income Highlights (in thousands, except per share data) | Metric | Q2 2019 | Q2 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | Sales | $192,122 | $156,825 | $353,822 | $286,617 | | Gross Profit | $62,220 | $52,413 | $113,277 | $94,056 | | Income from Operations | $29,471 | $24,275 | $51,290 | $40,226 | | Net Income Attributable to FOX | $22,921 | $18,369 | $41,024 | $39,593 | | Diluted EPS | $0.59 | $0.47 | $1.05 | $1.02 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased to $20.4 million, while investing activities increased to $23.2 million, and financing activities provided $13.7 million due to a new credit facility Cash Flow Summary (in thousands) | Activity | Six Months Ended June 28, 2019 | Six Months Ended June 29, 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $20,424 | $32,855 | | Net cash used in investing activities | ($23,181) | ($9,046) | | Net cash provided by (used in) financing activities | $13,693 | ($36,853) | | **Change in Cash and Cash Equivalents** | **$11,063** | **($13,261)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the adoption of new lease accounting, revenue growth drivers, the RideTech acquisition, a new $250 million revolving credit facility, and ongoing patent litigation - The company designs and manufactures performance-defining products for bicycles, side-by-side vehicles, on-road and off-road vehicles, and other specialty vehicles, supplying both OEMs and the aftermarket[24](index=24&type=chunk) Sales by Product Category (in thousands) | Product Category | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | | Powered Vehicles | $211,954 | $154,381 | | Specialty Sports | $141,868 | $132,236 | | **Total sales** | **$353,822** | **$286,617** | - In June 2019, the company entered into a new credit facility with Bank of America, providing a **$250 million** senior secured revolving line of credit maturing in 2024, replacing the former credit facility[62](index=62&type=chunk) - On May 3, 2019, the company acquired substantially all assets of RideTech for approximately **$14.0 million**, consisting of **$6.8 million** in cash and **$7.2 million** in newly issued common stock[94](index=94&type=chunk)[261](index=261&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202%2E%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2019 sales growth of 22.5%, gross margin decline, liquidity, and a new $250 million credit facility supporting a major facility expansion [Results of Operations](index=25&type=section&id=Results%20of%20Operations) Q2 2019 sales increased 22.5% driven by Powered Vehicle products, while gross margin declined to 32.4% due to product mix and inefficiencies, and six-month net income growth was impacted by a prior-year tax benefit Sales Comparison - Three Months Ended | (in millions) | Q2 2019 | Q2 2018 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Powered Vehicle products | $115.2 | $82.2 | $33.0 | 40.1% | | Specialty Sports products | $76.9 | $74.6 | $2.3 | 3.1% | | **Total sales** | **$192.1** | **$156.8** | **$35.3** | **22.5%** | - Q2 2019 gross margin decreased by **100 basis points** to **32.4%** primarily due to a change in customer/product mix and supply chain/manufacturing inefficiencies from higher than anticipated demand[111](index=111&type=chunk) Sales Comparison - Six Months Ended | (in millions) | YTD 2019 | YTD 2018 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Powered Vehicle products | $212.0 | $154.4 | $57.6 | 37.3% | | Specialty Sports products | $141.8 | $132.2 | $9.6 | 7.3% | | **Total sales** | **$353.8** | **$286.6** | **$67.2** | **23.4%** | - The effective tax rate for the six months ended June 29, 2018 included a **$9.8 million** one-time benefit from the favorable conclusion of a 2015 IRS audit, significantly impacting year-over-year net income comparison[132](index=132&type=chunk)[133](index=133&type=chunk) [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) Cash needs include working capital, capital expenditures, and acquisitions, with operating activities providing $20.4 million and a new $250 million credit facility enhancing liquidity for a planned $50 million facility expansion - Net cash from operating activities decreased to **$20.4 million** in the first six months of 2019 from **$32.9 million** in the prior year, mainly due to increased investment in inventory and accounts receivable to support sales growth[138](index=138&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) - In June 2019, the company entered into a new **$250 million** revolving credit facility with Bank of America, maturing in 2024, which replaced its previous credit agreement[147](index=147&type=chunk) - The company plans to invest up to **$50.0 million** in capital expenditures for a new headquarters and manufacturing facility in Hall County, Georgia, with the first phase expected to be completed in mid-2020[149](index=149&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203%2E%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risk disclosures have occurred since the fiscal year ended December 28, 2018 - There have been no material changes to the disclosures regarding market risk since the fiscal year ended December 28, 2018[152](index=152&type=chunk) [Item 4. Controls and Procedures](index=35&type=section&id=Item%204%2E%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 28, 2019, with no material changes in internal control over financial reporting during the quarter - Based on an evaluation as of June 28, 2019, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level[155](index=155&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[156](index=156&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=36&type=section&id=Item%201%2E%20Legal%20Proceedings) The company is engaged in ongoing patent infringement litigation with SRAM Corporation, vigorously defending itself against claims it believes are without merit, with no estimable loss recorded - The company is engaged in patent infringement lawsuits with SRAM Corporation, with both parties having filed suits against each other[159](index=159&type=chunk)[160](index=160&type=chunk) - The company believes the lawsuits filed by SRAM are without merit and is vigorously defending itself, with no financial provision made due to the inability to predict the outcome or estimate a range of possible losses[161](index=161&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A%2E%20Risk%20Factors) The company faces risks including intense competition, reliance on consumer spending and key OEM customers, manufacturing disruptions, single-source suppliers, currency fluctuations, trade tariffs, and intellectual property disputes - The company faces intense competition and must continuously innovate to respond to consumer needs and maintain its market position with OEMs[164](index=164&type=chunk)[167](index=167&type=chunk) - A small number of OEM customers account for a substantial portion of sales (**32%** in 2018 from the top five), making the company vulnerable to the loss of any of these customers[188](index=188&type=chunk) - The business is exposed to risks from international operations, including currency fluctuations, tariffs, and supply chain disruptions, with U.S. policies on global trade and tariffs potentially materially affecting results[189](index=189&type=chunk)[192](index=192&type=chunk)[193](index=193&type=chunk) - The company depends on a limited number of suppliers, including a sole-source supplier (Miyaki Corporation for Kashima coating), and the loss of any key supplier could harm the business[231](index=231&type=chunk)[233](index=233&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=54&type=section&id=Item%202%2E%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **33,605** shares for tax obligations and issued **98,281** unregistered shares valued at **$7.2 million** for the RideTech acquisition - On May 3, 2019, the Company issued **98,281** unregistered shares of common stock valued at **$7.2 million** as part of the acquisition of RideTech, in a private placement exempt from registration under Section 4(a)(2) of the Securities Act[261](index=261&type=chunk) - The company acquired **33,605** shares from holders of restricted stock unit awards to satisfy tax withholding obligations during the quarter[260](index=260&type=chunk) [Item 3. Defaults Upon Senior Securities](index=55&type=section&id=Item%203%2E%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported - None[262](index=262&type=chunk) [Item 4. Mine Safety Disclosures](index=55&type=section&id=Item%204%2E%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - Not applicable[263](index=263&type=chunk) [Item 5. Other Information](index=55&type=section&id=Item%205%2E%20Other%20Information) No other material information is reported in this section - None[264](index=264&type=chunk) [Item 6. Exhibits](index=56&type=section&id=Item%206%2E%20Exhibits) This section lists exhibits filed with the Quarterly Report on Form 10-Q, including credit agreements and required certifications - Lists exhibits filed with the report, including the new Credit Agreement with Bank of America and certifications from the CEO and CFO[266](index=266&type=chunk)

食物 ( 1981) 2006 2000 19 19 19 19 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 16 16 16 16 16 16 1 WILLIAM BLAIR 39TH ANNUAL GROWTH STOCK CONFERENCE – JUNE 2019 SAFE HARBOR STATEMENT This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. This presentation contains forward-looking statements within the meaning of the federal securities ...