Fox Factory Q4 rev $332.5M (-19% YoY), EPS $0.10; guides FY24 adj EPS $2.30-$2.60

FOX FACTORY HOLDING CORP

2023-FY EPS reported $2.85 revenue$1,464,178,000

Q4 net sales $332.5M (-18.6% YoY); net income $4.1M vs $53M; diluted EPS $0.10 vs $1.25.
Adjusted EBITDA margin fell to 11.7% from 18.8% due to UAW strike, bike destocking, higher rates.
Full year 2023 revenue $1.464B (-8.6% YoY); adjusted EPS $3.95 vs $5.49.
Debt rose to $743.5M from $200M; $400M term A loan funded Marucci acquisition.
Q1 2024 guidance: sales $315-350M, adj EPS $0.17-$0.27; FY2024: sales $1.53-1.68B, adj EPS $2.30-$2.60.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

FOX FACTORY HOLDING CORP reported fourth quarter and fiscal year ended December 29, 2023 results: revenue $332.5 million, net income $4.1 million, EPS $0.10.

Period: fourth quarter and fiscal year ended December 29, 2023
Revenue: $332.5 million
Net income: $4.1 million
EPS: $0.10
Result: reported results

Exact text from the filing

today reported financial results for the fourth quarter and fiscal year ended December 29, 2023. Fourth Quarter Fiscal 2023 Highlights • Achieved quarterly net sales of $332 million while managing challenging macro and industry headwinds • Completed Marucci acquisition; revenue contribution of $17 million • Delivered net income of $4 million, earnings per

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