Fox Factory (NASDAQ:FOXF) Issues Quarterly Earnings Results

Fox Factory (NASDAQ:FOXF) posted its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.09, Zacks reports. The firm had revenue of $368.66 million during the quarter, compared to analysts’ expectations of $351.76 million. Fox Factory had a negative net margin of 20.25% and a positive return on equity of 4.90%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS.

Here are the key takeaways from Fox Factory’s conference call:

• Q1 results beat expectations with $368.7 million in revenue (high end of guidance) and $35.7 million adjusted EBITDA, and management reaffirmed its full‑year 2026 outlook.
• Management is executing a profit optimization plan targeting approximately $50 million of 2026 cost savings (≈$10M carryover + ~$40M phase 2), with early benefits realized and margin expansion expected in the second half.
• The company closed the Phoenix divestiture (UTV/Update/Geiser/Shock Therapy) as planned, directing proceeds to debt reduction and amending credit facilities to expand covenant headroom and financial flexibility.
• Near‑term operational headwinds — AAG margins are pressured by an industry‑wide aluminum supply disruption that reduced F‑150 upfit volumes (some Q1/Q2 volume not recoverable), while SSG (bike) was down ~8.7% and Marucci faces soft demand, weighing on Q2 performance.

Fox Factory Trading Down 4.2%

Shares of NASDAQ:FOXF traded down $0.77 during trading on Friday, hitting $17.80. 1,276,756 shares of the company’s stock were exchanged, compared to its average volume of 449,614. Fox Factory has a 1-year low of $13.08 and a 1-year high of $31.18. The firm has a 50-day moving average price of $17.03 and a two-hundred day moving average price of $17.85. The company has a current ratio of 2.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.96. The firm has a market cap of $746.23 million, a P/E ratio of -2.48 and a beta of 1.37.

More Fox Factory News

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory reported first-quarter EPS of $0.18, well ahead of the $0.09 consensus, and revenue of $368.7 million, above expectations for about $351.8 million. Fox Factory earnings report and conference call
• Positive Sentiment: The company reaffirmed full-year 2026 sales guidance of roughly $1.328 billion to $1.416 billion and adjusted EBITDA guidance of $174 million to $203 million, supported by about $50 million in cost savings. Fox Factory outlook article
• Neutral Sentiment: Management also guided second-quarter revenue to $343 million to $365 million, a range that is only slightly above Wall Street expectations, which may limit upside from the quarter. Fox Factory first-quarter financial results press release
• Negative Sentiment: Zacks Research downgraded Fox Factory Holding Corp. (NASDAQ: FOXF) from “hold” to “strong sell,” adding a bearish sentiment factor for the stock. Fox Factory downgrade report
• Negative Sentiment: Even with the earnings beat, the company’s revenue growth remains modest year over year, and profitability metrics are still weak, which may temper investor enthusiasm. Fox Factory earnings call transcript

Analyst Upgrades and Downgrades

Several research firms have weighed in on FOXF. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a research report on Thursday, January 22nd. Zacks Research cut shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Roth Mkm reiterated a “neutral” rating and set a $20.00 price target on shares of Fox Factory in a research report on Friday. Finally, Stifel Nicolaus set a $24.00 price target on shares of Fox Factory in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Fox Factory currently has an average rating of “Hold” and a consensus price target of $27.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in Fox Factory during the 4th quarter worth approximately $274,000. Focus Partners Wealth bought a new position in Fox Factory during the 3rd quarter worth approximately $249,000. Creative Planning boosted its stake in Fox Factory by 11.6% during the 3rd quarter. Creative Planning now owns 9,971 shares of the company’s stock worth $242,000 after acquiring an additional 1,040 shares during the last quarter. Virtu Financial LLC bought a new position in Fox Factory during the 3rd quarter worth approximately $230,000. Finally, Inceptionr LLC bought a new position in Fox Factory during the 3rd quarter worth approximately $239,000.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.