earnings
confidence high
sentiment negative
materiality 0.75
Fox Factory Q3 adj EPS $0.35 vs $1.05 YoY; revenue +8.5% to $359M; guides FY24 adj EPS $1.27-$1.42
FOX FACTORY HOLDING CORP
2024-Q3 EPS reported
$0.16
revenue$1,041,084,000
- Q3 net sales $359.1M (+8.5% YoY); GAAP net income $4.8M ($0.11 EPS) vs $35.3M ($0.83 EPS) last year.
- Adjusted EPS $0.35 vs $1.05; adjusted EBITDA $42.0M, margin 11.7% vs 19.2%.
- SSG revenue +107.6% to $149.5M (incl. $49.6M Marucci); AAG -26.3%, PVG -11.2%.
- Announced cost optimization targeting >$25M annualized savings to recapture margin.
- Q4 guidance: sales $300-$340M, adj EPS $0.25-$0.40; FY24 sales $1.341-$1.381B, adj EPS $1.27-$1.42.