Have you ever wondered how much of Formula 1 cars worth. Well, here's the crazy part. You can't even buy one as the teams don't sell them.But we do know what they cost to build. The engine alone around $10 million. The carbon fiber chassis, another million.The steering wheel 50,000. Then you've got the aero package, the wings, the floor and diffuser, easily add another million. The gearbox comes in at around 600K. The suspension at 200k.And the electronics and sensors, that's another 100K. And this is all b ...

Core Insights - Fox Factory Holding Corp. reported a net sales growth of 5% year-over-year for the third quarter of fiscal 2025, reaching $376.4 million, driven by strong performance in the Aftermarket Applications Group (AAG) and Powered Vehicles Group (PVG) [3][4] - The company faced challenges in the Specialty Sports Group (SSG), which saw an 11.2% decrease in net sales due to inventory management by OEMs and distributors [3][4] - Adjusted EBITDA increased by 5.7% year-over-year to $44.4 million, with an adjusted EBITDA margin of 11.8% [6][10] Financial Performance - Net sales for Q3 fiscal 2025 were $376.4 million, up from $359.1 million in Q3 fiscal 2024, reflecting a 4.8% increase [4][6] - AAG net sales increased by 17.4% to $117.8 million, while PVG net sales rose by 15.1% to $125.9 million [4][6] - SSG net sales decreased by 11.2% to $132.7 million, primarily due to reduced inventory levels in response to economic conditions [4][6] Profitability Metrics - Gross margin improved to 30.4% in Q3 fiscal 2025, compared to 29.9% in Q3 fiscal 2024, driven by favorable product mix [5][6] - Total operating expenses increased to $99.4 million, or 26.4% of net sales, compared to $88.7 million, or 24.7% of net sales in the prior year [6][7] - The company reported a net loss of $0.6 million, or $0.02 per diluted share, compared to a net income of $4.8 million, or $0.11 per diluted share, in the prior year quarter [6][9] Year-to-Date Results - For the nine months ended October 3, 2025, net sales were $1,106.2 million, a 6.3% increase compared to the same period in the previous year [11][14] - AAG net sales increased by 11.2% to $343.8 million, while PVG net sales rose by 7.6% to $371.5 million [11][14] - The company reported a net loss of $257.6 million for the nine months, compared to a net income of $6.7 million in the prior year [14] Balance Sheet Overview - As of October 3, 2025, cash and cash equivalents were $65.4 million, down from $71.7 million at the beginning of the year [16] - Total debt decreased to $687.7 million from $705.1 million, reflecting efforts to strengthen the balance sheet [16] - Goodwill decreased significantly to $378.9 million due to a non-cash impairment charge related to adverse changes in tariff policies [16] Outlook - The company updated its fourth quarter fiscal 2025 net sales expectations to a range of $340 million to $370 million and adjusted earnings per diluted share to a range of $0.05 to $0.25 [17] - For fiscal year 2025, net sales are expected to be between $1.445 billion and $1.475 billion, with adjusted earnings per diluted share projected between $0.92 and $1.12 [17] - The macroeconomic environment for fiscal year 2026 is anticipated to be challenging, with elevated interest rates and a softening labor market impacting consumer spending [18][19]

Company Overview - Fox Factory Holding Corp. is a global leader in the design, engineering, and manufacturing of premium products for specialty sports and on and off-road vehicles [3] - The company's portfolio includes brands such as FOX, Marucci, and Method Race Wheels, known for their championship-level performance [3] - Fox Factory is a direct supplier of shocks, suspension, and components to leading powered vehicle and bicycle original equipment manufacturers [3] Upcoming Financial Results - The company will announce its second-quarter results for the period ended July 4, 2025, on August 7, 2025, after market close [1] - A conference call with the executive management team will be held on the same day at 4:30 p.m. ET to discuss the results [2] - The conference call will be available for live streaming on the company's website and archived for one year [2] Business Strategy - Fox Factory aims to diversify its product offerings and increase market potential by acquiring complementary businesses [3] - The company provides products in the aftermarket through a global network of retailers and distributors, as well as direct-to-consumer channels [3] Communication and Disclosure - The company utilizes various means to announce material information, including SEC filings, press releases, public conference calls, and its investor relations website [5]