earnings
confidence high
sentiment positive
materiality 0.70
Fox Factory Q3 FY2021 record sales $347.4M (+33% YoY); adj EPS $1.19 beats $1.07
FOX FACTORY HOLDING CORP
2021-Q3 EPS reported
$2.98
revenue$956,735,000
- Record Q3 sales $347.4M, +33.3% YoY; net income $43.8M ($1.03 diluted EPS) vs $38.0M ($0.90) YoY.
- Non-GAAP adj EPS $1.19 vs $1.07 YoY; adj EBITDA $72.8M (21.0% margin) vs $60.1M (23.1%).
- Specialty Sports sales +48.1%, Powered Vehicles +22.8%; gross margin 33.4% (down 90bps) due to supply chain costs.
- Q4 FY21 guidance: sales $315-$335M, adj EPS $0.90-$1.10; FY21 sales $1,272M-$1,292M, adj EPS $4.35-$4.55.
- Cash $319.3M; inventory $246.2M (up from $127.1M) to mitigate supply chain risks.