earnings
confidence high
sentiment negative
materiality 0.88
Fox Factory Q1 net loss $259.7M on $355M revenue; $262M goodwill impairment
FOX FACTORY HOLDING CORP
2025-Q1 EPS reported
-$6.23
revenue$355,030,000
- Net sales of $355M (+6.5% YoY) driven by growth across all segments: AAG +$10.1M, SSG +$7.5M, PVG +$4.0M.
- GAAP net loss per diluted share of $6.23 vs. $0.08 loss a year ago, largely from a $262.3M non-cash goodwill impairment.
- Adjusted EPS of $0.23, down from $0.29; adjusted EBITDA margin fell to 11.2% from 12.1%.
- Q2 FY2025 guidance: sales $340-360M, adj. EPS $0.32-$0.62; full-year FY2025 guidance reaffirmed at $1.385-1.485B sales, adj. EPS $1.60-$2.60.
- Management estimates annual tariff impact of ~$50M in higher costs; countermeasures identified to partially offset.