FOX FACTORY HOLDING (FOXF) Company Report

Fox Factory Holding Corp. reported Q4 2025 net sales of $361.1 million, a 2.3% increase year-over-year, and full-year 2025 net sales of $1.47 billion, up 5.3%. Adjusted EBITDA margin for Q4 2025 was 9.7%, compared to 11.5% in the prior year period.
The company introduced full-year 2026 guidance, expecting net sales between $1.328 billion and $1.416 billion (a 6.5% decline at the midpoint) and adjusted EBITDA between $174 million and $203 million. This guidance implies an adjusted EBITDA margin of 13.7% at the midpoint, representing approximately 200 basis points of improvement over the 2025 rate of 11.5%.
Fox Factory is implementing a Phase Two profit optimization strategy targeting approximately $50 million of incremental realized savings in fiscal 2026 through business line rationalization, supply chain improvements, and operating expense reductions. This includes the planned divestiture of Phoenix, Arizona operations (Shock Therapy, Upfit UTV, Geiser) by the end of Q1 2026, with proceeds dedicated to debt reduction.
The company ended fiscal 2025 with $673.5 million in debt and a net leverage ratio of 3.74, well within its covenant ratio of 4.5. Capital expenditures are targeted to decrease to approximately 2% of revenue in 2026 from over 3% previously, to accelerate free cash flow generation and balance sheet deleveraging.

1 day ago

Transcript

FOX Factory Holding Corp Reports Q4 2025 Results and Outlines 2026 Profit Optimization Plan

FOXF

Earnings

Guidance Update

Demand Weakening

FOX Factory Holding Corp reported Q4 2025 net sales of $361.1 million, a 2.3% increase year-over-year, with adjusted EBITDA of $35 million and adjusted diluted EPS of $0.20.
The company successfully completed its Phase One $25 million profit optimization plan in 2025 and launched Phase Two, targeting an additional $50 million in incremental realized savings in fiscal 2026 through business rationalization, supply chain improvements, and operating expense reductions.
For fiscal year 2026, FOXF forecasts net sales between $1.328 billion and $1.416 billion, a decline of approximately 6.5% at the midpoint, primarily due to divestitures and product line rationalization.
Despite the projected sales decline, the company expects a significant adjusted EBITDA margin improvement to 13.7% at the midpoint for FY 2026, up from 11.5% in FY 2025, driven by its cost actions.
FOXF ended FY 2025 with $673.5 million in debt and a net leverage ratio of 3.74, prioritizing accelerated free cash flow generation and debt reduction in 2026.

1 day ago

Transcript

Fox Factory Holding Corp. Reports Q4 2025 Results and Outlines 2026 Profit Optimization Plan

FOXF

Earnings

Guidance Update

Demand Weakening

Fox Factory Holding Corp. reported Q4 2025 net sales of $361.1 million, a 2.3% increase year-over-year, and full-year 2025 sales of $1.47 billion, up 5.3%. The adjusted EBITDA margin was 9.7% for Q4 2025 and 11.5% for the full year 2025.
The company is implementing a Phase II profit optimization strategy, targeting approximately $50 million of incremental realized savings in fiscal 2026. This includes business line rationalization, supply chain improvements, and significant operating expense reductions, such as the planned divestiture of dilutive operations like Phoenix, Arizona.
For fiscal year 2026, net sales are projected to be $1.328 billion to $1.416 billion, a 6.5% decline at the midpoint primarily due to divestitures and product rationalization. Despite this, adjusted EBITDA is guided to $174 million to $203 million, with an adjusted EBITDA margin of 13.7% at the midpoint, representing an approximate 200 basis point improvement over 2025.
Fox Factory is prioritizing balance sheet improvement by reducing CapEx to approximately 2% of revenues in 2026 and committing to use 100% of divestiture proceeds for debt reduction. The net leverage ratio at the end of Q4 2025 was 3.74%.
Tariffs resulted in a $50 million gross impact in 2025, with $25 million offset. An additional $30 million gross impact is anticipated in 2026, leading to a $15 million net impact in the first half of the year.

1 day ago

Transcript

Fox Factory Holding Corp. Reports Q4 and Full Year Fiscal 2025 Results and Announces Profit Optimization Plan

FOXF

Earnings

Guidance Update

Demand Weakening

Fox Factory Holding Corp. (FOXF) reported net sales of $361.1 million for the fourth fiscal quarter ended January 2, 2026, an increase of 2.3% year-over-year, and $1.467 billion for the full fiscal year 2025, up 5.3% year-over-year.
The company posted a net loss of $287.0 million (or $6.86 per diluted share) for Q4 2025 and a net loss of $544.6 million (or $13.03 per diluted share) for the full fiscal year 2025. Adjusted EBITDA for Q4 2025 was $35.0 million, and for FY 2025, it was $168.4 million.
FOXF launched Phase 2 of its Profit Optimization Plan, targeting approximately $40 million in additional savings in 2026, contributing to an expected total of approximately $50 million in realized savings in fiscal 2026 from combined Phase 1 and Phase 2 actions. This plan aims for approximately 200 basis points of Adjusted EBITDA margin improvement in 2026.
For the first quarter of fiscal 2026, the company expects net sales in the range of $343 million to $369 million and Adjusted EBITDA between $27 million and $34 million. Additionally, FOXF plans to divest its Phoenix, Arizona AAG operations by the end of Q1 2026 as part of a strategic review of non-core assets.

1 day ago

8-K

Fox Factory Announces Strategic Board Refresh and Cooperation Agreement

FOXF

Board Change

New Projects/Investments

Fox Factory Holding Corp. (FOXF) announced a strategic board refresh and entered into a cooperation agreement with Engine Capital on February 8, 2026.
The company will appoint two new independent directors, including Alan L. Bazaar, and another director with operational expertise in manufacturing.
A Board-level Transformation Committee will be formed, chaired by Sidney Johnson, to oversee management's execution of operational improvement initiatives targeting enhanced profitability, working capital efficiency, and disciplined capital allocation.
As part of the refresh, Dudley W. Mendenhall will not stand for re-election, and Ted D. Waitman will resign from the Board effective no later than the 2026 Annual Meeting.

Feb 9, 2026, 9:06 PM

8-K

Fox Factory Holding Corp. Announces Q3 2025 Results and Updates Full-Year Guidance

FOXF

Earnings

Guidance Update

Demand Weakening

Fox Factory Holding Corp. reported Q3 2025 net sales of $376.4 million, a 5% increase year-over-year, and adjusted EBITDA of $44.4 million, up 6% year-over-year. The company recorded a net loss of $0.6 million, or $0.02 loss per diluted share, and adjusted net income of $9.9 million, or $0.23 per diluted share.
Growth was led by the AAG and PVG segments, with 17.4% and 15% year-over-year net sales growth respectively, while the SSG segment underperformed expectations, declining 11% year-over-year due to a softening consumer environment and inventory reductions by channel partners.
The company updated its full-year 2025 net sales guidance to $1.445 billion - $1.475 billion and adjusted earnings per diluted share guidance to $0.92 - $1.12. This revision is primarily due to the lower-than-expected performance in the SSG segment and the impact of an aluminum supplier fire affecting PVG and AAG volumes in Q4 and likely Q1.
Fox Factory remains on track to deliver its $25 million cost reduction target for fiscal year 2025, with footprint consolidation activities completed early in Q4. The company also reduced its total debt by $17.4 million year-to-date, with debt reduction remaining a top capital allocation priority.

Nov 6, 2025, 9:30 PM

Transcript

FOX Factory Holding Corp. Reports Q3 Fiscal 2025 Financial Results and Updates Full-Year Outlook

FOXF

Earnings

Guidance Update

Demand Weakening

FOX Factory Holding Corp. reported net sales of $376.4 million for Q3 fiscal 2025, an increase of 4.8% year-over-year, with year-to-date net sales reaching $1,106.2 million, up 6.3%.
The company posted a net loss of $0.6 million, or $0.02 per diluted share, for Q3 fiscal 2025, compared to net income of $4.8 million, or $0.11 per diluted share, in the prior year quarter. Adjusted earnings per diluted share for the quarter were $0.23, down from $0.35 in the prior year quarter, attributed to higher tariff costs and strategic launch investments.
Adjusted EBITDA for Q3 fiscal 2025 increased by 5.7% year-over-year to $44.4 million, with an adjusted EBITDA margin of 11.8%. For the nine months ended October 3, 2025, adjusted EBITDA increased to $133.3 million.
FOX Factory reduced debt by $17 million and extended its credit agreement maturity through October 2030, strengthening its balance sheet.
For Q4 fiscal 2025, net sales are projected to be in the range of $340 million to $370 million, and adjusted earnings per diluted share are expected to be between $0.05 and $0.25. The full fiscal year 2025 outlook includes net sales of $1.445 billion to $1.475 billion and adjusted earnings per diluted share of $0.92 to $1.12.

Nov 6, 2025, 9:10 PM

8-K

FOX Factory Holding Corp. Amends Credit Agreement and Borrows $710 Million

FOXF

Debt Issuance

FOX Factory Holding Corp. entered into a Fifth Amendment to its Credit Agreement on October 24, 2025.
The amendment modifies financial covenants, requiring the company to maintain a Consolidated Net Leverage Ratio not to exceed 4.50 for fiscal quarters ending October 3, 2025 through January 2, 2026, 4.25 for the fiscal quarter ending April 3, 2026, and 4.00 for fiscal quarters ending July 3, 2026 and thereafter. These limits can increase by 0.50 (up to 4.50) for four fiscal quarters following a Permitted Acquisition exceeding $75.0 million.
The company is also required to maintain a Consolidated Interest Coverage Ratio of not less than 2.75.
In connection with the amendment, FOX Factory Holding Corp. borrowed $710 million, consisting of a $537.5 million Term Loan and $172.5 million under the Revolving Credit Facility, which was used to repay outstanding amounts under the prior Credit Agreement and for general corporate purposes.