Fox Factory Q1 sales up 5.8% to $399.9M; EPS $0.98 vs $1.13; guided FY adj EPS $5.00-$5.30

FOX FACTORY HOLDING CORP

2023-Q1 EPS reported $0.98 revenue$399,851,000

Net income $41.8M, diluted EPS $0.98; non-GAAP adj EPS $1.20 vs $1.32 YoY.
Powered Vehicles sales +35%; Specialty Sports -30% on inventory destocking.
Closed Custom Wheel House acquisition on March 3; total debt rose to $360M.
Q2 guidance: sales $390-$410M, adj EPS $1.00-$1.20; FY 2023 sales $1.67-$1.70B.
Appointed Brendan Enick as first Chief Accounting Officer; CFO search ongoing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FOX FACTORY HOLDING CORP reported first quarter ended March 31, 2023 results: revenue $399.9 million, net income $41.8 million, EPS $0.98.

Period: first quarter ended March 31, 2023
Revenue: $399.9 million
Net income: $41.8 million
EPS: $0.98
Result: reported results

Exact text from the filing

Fox Factory Holding Corp. Announces First Quarter Fiscal 2023 Financial Results Achieves Quarterly Sales of $399.9 Million Reports Earnings per Diluted Share of $0.98 Reports Non-GAAP Adjusted Earnings per Diluted Share of $1.20 DULUTH, Georgia, May 4, 2023 - Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the first quarter ended March 31, 2023.

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21 earnings releases filed in the last 30 days. Browse all earnings releases →

FOX FACTORY HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001424929-23-000077

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