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Fox Factory Holding: Q1 Earnings Snapshot

DULUTH, Ga. (AP) _ Fox Factory Holding Corp. (FOXF) on Thursday reported first-quarter earnings of $48.1 million.

On a per-share basis, the Duluth, Georgia-based company said it had net income of $1.13. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.32 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The vehicle suspension maker posted revenue of $378 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $336.2 million.

For the current quarter ending in July, Fox Factory Holding expects its per-share earnings to range from $1.10 to $1.25.

The company said it expects revenue in the range of $385 million to $405 million for the fiscal second quarter.

Fox Factory Holding expects full-year earnings in the range of $5 to $5.30 per share, with revenue ranging from $1.5 billion to $1.53 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FOXF at

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