Fox Factory Holding (FOXF) Tops Q1 EPS by 8c

Fox Factory Holding (NASDAQ: FOXF) reported Q1 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $106.3 million versus the consensus estimate of $97.53 million.

• Sales increased 32.6% to $106.3 million compared to $80.2 million in the same period last fiscal year
• Gross margin increased 40 basis points to 31.7% compared to 31.3% in the same period last fiscal year; Non-GAAP adjusted gross margin increased 30 basis points to 31.7% compared to the same period last fiscal year
• Pre-tax income was $11.3 million, or 10.6% of sales, compared to $4.4 million, or 5.5% of sales in the same period last fiscal year; Adjusted EBITDA was $19.3 million, or 18.1% of sales, compared to $11.5 million, or 14.3% of sales in the same period last fiscal year
• Net income was $10.5 million, or $0.27 per diluted share, compared to $3.3 million, or $0.09 per diluted share in the same period last fiscal year
• Non-GAAP adjusted net income was $13.6 million, or $0.35 adjusted earnings per diluted share, compared to $6.0 million, or $0.16 adjusted earnings per diluted share in the same period last fiscal year

For earnings history and earnings-related data on Fox Factory Holding (FOXF) click here.

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