secwatch.observer — SEC 8-K summary
======================================

Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001424929-24-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox Factory Q2 adj EPS $0.38, revenue $348.5M (-13% YoY); cuts FY24 guidance
----------------------------------------------------------------------------

- Q2 net sales $348.5M, down 13% YoY; net income $5.4M ($0.13 diluted EPS) vs $39.7M ($0.94).
- Adjusted diluted EPS $0.38 vs $1.21 YoY; adjusted EBITDA $44.1M vs $79.4M.
- FY24 guidance: net sales $1.407B-$1.477B, adj EPS $1.40-$1.72; Q3 net sales $355M-$385M, adj EPS $0.35-$0.50.
- CFO Dennis Schemm appointed President of AAG, retains CFO role; CAO Brendan Enick adds Treasurer duties after Thomas Fletcher departure.
- Drew $200M delayed draw term loan to pay down revolver; improved covenant profile.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492924000105/0001424929-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492924000105/foxf-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001424929-24-000105

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