{"schema_version":"secwatch.filing_event.v1","accession":"0001424929-23-000150","form_type":"8-K","ticker":"FOXF","cik":"0001424929","company_name":"FOX FACTORY HOLDING CORP","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.029613+00:00","generated_at":"2026-06-08T23:50:51.577308+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Fox Factory Q3 revenue down 19% to $331M; acquires Marucci Sports for $572M; authorizes $300M buyback","bullets":["Q3 net sales $331.1M (down 19.1% YoY); net income $35.3M ($0.83 EPS); adjusted EPS $1.05.","Adjusted EBITDA $63.7M (19.2% margin); guided Q4 sales $300-340M and adjusted EPS $0.75-$1.00.","Signed definitive agreement to acquire Marucci Sports for $572M enterprise value; expected close Nov 2023; financed via term loan.","Board authorized $300M share repurchase plan (expires Nov 2028); net leverage reduced to 0.5x.","Full year FY2023 sales guidance adjusted to $1.43-1.47B (low end); UAW strike and inventory destocking cited."],"urls":{"canonical":"https://secwatch.observer/filing/0001424929-23-000150","json":"https://secwatch.observer/filing/0001424929-23-000150.json","markdown":"https://secwatch.observer/filing/0001424929-23-000150.md","text":"https://secwatch.observer/filing/0001424929-23-000150.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/foxf-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T23:50:51.577308+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5839bc738e3f0a0706f7b0a34a0911688e1d660e","claim":"FOX FACTORY HOLDING CORP reported third quarter ended September 29, 2023 results: revenue Net sales for the third quarter of fiscal 2023 were $331.1 million, net income Net income and net income margin in the third quarter of fiscal 2023 were $35.3 million, EPS Earnings per diluted share for the third quarter of fiscal 2023 was $0.83.","evidence_excerpt":"Fox Factory Holding Corp. Reports Third Quarter Fiscal 2023 Financial Results and Announces Agreement to Acquire Marucci Sports • Marucci Sports, LLC transaction combines two leading brands that are disrupting their respective industries through innovation and technology • Full year 2023 sales guidance adjusted to $1.43 - $1.47 billion primarily due to impact from the United Auto Workers strike and continued inventory destocking in SSG markets • Company reaffirms 2025 vision of $2 billion sales and 25.0% adjusted EBITDA margin • Company announces share repurchase plan for up to $300 million of common stock • Net income of $35 million, earnings per diluted share of $0.83, and net income margin of 10.7% • Cost control and continuous improvement initiatives deliver strong adjusted EBITDA margin of 19.2% essentially flat with second quarter margin of 19.8% on less revenue • Strong cash flow and balance sheet focus reduces revolver borrowings by $135 million achieving net leverage of 0.5 ti","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 29, 2023"},{"label":"Revenue","value":"Net sales for the third quarter of fiscal 2023 were $331.1 million"},{"label":"Net income","value":"Net income and net income margin in the third quarter of fiscal 2023 were $35.3 million"},{"label":"EPS","value":"Earnings per diluted share for the third quarter of fiscal 2023 was $0.83"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5839bc738e3f0a0706f7b0a34a0911688e1d660e","claim":"FOX FACTORY HOLDING CORP reported third quarter ended September 29, 2023 results: revenue Net sales for the third quarter of fiscal 2023 were $331.1 million, net income Net income and net income margin in the third quarter of fiscal 2023 were $35.3 million, EPS Earnings per diluted share for the third quarter of fiscal 2023 was $0.83.","evidence_excerpt":"Net income and net income margin in the third quarter of fiscal 2023 were $35.3 million and 10.7%, respectively, compared to $50.8 million and 12.4%, respectively, in the third quarter of the prior fiscal year. Earnings per diluted share for the third quarter of fiscal 2023 was $0.83, compared to earnings per diluted share of $1.20 for the third quarter of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 29, 2023"},{"label":"Revenue","value":"Net sales for the third quarter of fiscal 2023 were $331.1 million"},{"label":"Net income","value":"Net income and net income margin in the third quarter of fiscal 2023 were $35.3 million"},{"label":"EPS","value":"Earnings per diluted share for the third quarter of fiscal 2023 was $0.83"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6c2f03c2c5108c7f5b5e61702b16cd569f97f2e4","claim":"FOX FACTORY HOLDING CORP reported full year fiscal 2023 results: revenue Full year 2023 sales guidance adjusted to $1.43 - $1.47 billion. Guidance lowered.","evidence_excerpt":"Full year 2023 sales guidance adjusted to $1.43 - $1.47 billion primarily due to impact from the United Auto Workers strike and continued inventory destocking in SSG markets","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year fiscal 2023"},{"label":"Revenue","value":"Full year 2023 sales guidance adjusted to $1.43 - $1.47 billion"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}