earnings
confidence high
sentiment positive
materiality 0.85
Fox Factory Q2 sales hit record $406.7M, EPS $1.26; guides FY adj EPS $5.00-5.30
FOX FACTORY HOLDING CORP
2022-Q2 EPS reported
$2.40
revenue$784,682,000
- Record Q2 sales $406.7M (+23.9% YoY); GAAP diluted EPS $1.26 vs $1.05; adj EPS $1.38 vs $1.20.
- Gross margin +120bps to 35.1% (adj 35.3%); Adj EBITDA $88.1M (21.7% margin) vs $69.7M (21.2%) YoY.
- Specialty Sports +28.1%, Powered Vehicles +20.9%; strong OEM and upfitting demand.
- Guidance: Q3 sales $385-405M, adj EPS $1.15-1.35; FY22 sales $1,535-1,565M, adj EPS $5.00-5.30.
- Slowing hiring/spending due to macro volatility; cash $108.6M, debt $410.0M.