earnings
confidence high
sentiment positive
materiality 0.75
Fox Factory Q1 sales $378M (+34% YoY); record EPS $1.13, adj. EPS $1.32
FOX FACTORY HOLDING CORP
2022-Q1 EPS reported
$1.13
revenue$377,977,000
- Sales $378.0M (+34.4% YoY); gross margin 31.8% (-300bps) on supply chain costs and facility transition.
- Net income $48.1M ($1.13 diluted EPS); non-GAAP adj. net income $55.8M ($1.32 adj. diluted EPS).
- Specialty Sports Group sales +43.5%; Powered Vehicles Group sales +27.9% vs prior year.
- Cash $68.8M (down from $179.7M Dec 2021) due to increased chassis deposits to secure supply.
- FY2022 guidance: sales $1.5B-$1.53B, adj. EPS $5.00-$5.30; Q2 sales $385M-$405M, adj. EPS $1.10-$1.25.