secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001424929-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492924000002/0001424929-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492924000002/foxf-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001424929-24-000002

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