secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001424929-23-000150
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/0001424929-23-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492923000150/foxf-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001424929-23-000150

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