earnings
confidence high
sentiment positive
materiality 0.75
Fox Factory posts record Q3 sales of $409.2M (+17.8% YoY); adj EPS $1.35; Q4 guidance below Q3
FOX FACTORY HOLDING CORP
2022-Q3 EPS reported
$3.59
revenue$1,193,850,000
- Record quarterly sales of $409.2M, up 17.8% YoY; net income $50.8M ($1.20 EPS) vs $43.8M ($1.03 EPS) YoY.
- Non-GAAP adjusted net income $57.4M ($1.35 adj EPS) vs $50.5M ($1.19) YoY; adjusted EBITDA $85.1M (20.8% margin).
- Powered Vehicles Group sales up 25.1%; Specialty Sports Group up 9.1%; gross margin 33.5% (+10 bps YoY).
- Q4 FY2022 guidance: sales $370-390M, adj EPS $1.10-1.30; full-year guidance: sales $1,565-1,585M, adj EPS $5.15-5.35.