earnings
confidence high
sentiment positive
materiality 0.80
Fox Factory posts record Q2 sales of $328M; EPS $1.05 vs $0.32 YoY; guides FY21 rev $1.2-1.24B
FOX FACTORY HOLDING CORP
2021-Q2 EPS reported
$1.94
revenue$609,300,000
- Sales $328.2M (+79.2% YoY); GAAP diluted EPS $1.05 (vs $0.32); non-GAAP adj. EPS $1.20 (vs $0.50).
- Powered Vehicles Group sales +92.4% YoY; Specialty Sports Group +63.9%; gross margin expanded 110bps to 33.9%.
- Completed two acquisitions in Q2: SOLA Sport (Australia) and Outside Van (Portland, OR).
- Q3 guidance: sales $300-320M, non-GAAP EPS $0.95-1.15; FY21: sales $1.2-1.24B, non-GAAP EPS $4.25-4.45.
- Adjusted EBITDA $69.7M (21.2% margin) vs $33.7M (18.4%) YoY; TTM revenue surpassed $1B for first time.