Fox Factory Holding Corp

FOXF

Equity

ISIN US35138V1026 / Valor 21868925

NASDAQ (2025-03-17)

USD 24.72-0.32%

Fox Factory Holding Corp
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About company

Fox Factory Holding Corp. is a global company known for designing and manufacturing premium products for specialty sports and on- and off-road vehicles. The company's portfolio includes well-known brands like FOX, Marucci, and Method Race Wheels, which are trusted by professional athletes and enthusiasts worldwide. Fox Factory is a direct supplier of shocks, suspension, and components to leading vehicle and bicycle original equipment manufacturers. In addition to its core shock and suspension business, the company diversifies its product offerings through acquisitions of complementary businesses, integrating engineering and manufacturing expertise to expand its market potential. Fox Factory also distributes its products through a global network of retailers and distributors, as well as direct-to-consumer channels.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Fox Factory Holding Corp reported net sales of $359.1 million for the third quarter of 2024, reflecting an increase from $331.1 million in the same quarter of 2023. This growth in revenue highlights the company's ability to enhance its market presence and expand its customer base.

Profitability

For the third quarter of 2024, Fox Factory Holding Corp achieved a net income of $116.8 million, a significant rise compared to $35.3 million in the third quarter of 2023. This increase in profitability underscores the company's effective cost management and operational efficiency.

Earnings Per Share

Fox Factory Holding Corp reported basic and diluted earnings per share of $2.76 and $2.75, respectively, for the third quarter of 2024. This marks a substantial improvement from the basic and diluted earnings per share of $0.83 reported in the same period of the previous year.

Operating Expenses

In the third quarter of 2024, Fox Factory Holding Corp's total operating expenses amounted to $223.7 million, compared to $88.7 million in the third quarter of 2023. The increase in operating expenses is attributed to higher general and administrative costs, sales and marketing expenses, and research and development investments.

Cash Flow

Fox Factory Holding Corp generated $126.7 million in net cash from operating activities during the nine months ended September 27, 2024. This represents a significant increase from the $83.6 million generated in the same period of 2023, indicating strong cash flow management and operational performance.

Summarized from source with an LLMView Source

Key figures

-47.2%1Y

-76.4%3Y

-51.5%5Y

Performance

48.5%1Y

52.4%3Y

55.4%5Y

Volatility