secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001424929-23-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492923000077/0001424929-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492923000077/foxf-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001424929-23-000077

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