secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001424929-22-000064
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox Factory Q1 sales $378M (+34% YoY); record EPS $1.13, adj. EPS $1.32
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492922000064/0001424929-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492922000064/foxf-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001424929-22-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer