---
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"
generated_at: "2026-06-08T23:50:51.577308+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fox Factory Q3 revenue down 19% to $331M; acquires Marucci Sports for $572M; authorizes $300M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-23-000150
- JSON: https://secwatch.observer/filing/0001424929-23-000150.json
- Plain text: https://secwatch.observer/filing/0001424929-23-000150.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter ended September 29, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm
- Earnings Releases
  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.
  - Period: third quarter ended September 29, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm
- Earnings Releases
  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.
  - Period: full year fiscal 2023
  - Revenue: Full year 2023 sales guidance adjusted to $1.43 - $1.47 billion
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.