Nov 5, 4:18 PM ET
Fox Factory reported third-quarter fiscal 2026 results, with net sales down 10.1% to $338.4 million and a GAAP net loss of $109.6 million that includes a $121.3 million loss on divestitures. Adjusted EBITDA rose to $50.4 million, but that figure includes about $12 million of IEEPA tariff refunds, and the company updated its fourth-quarter outlook and narrowed its fiscal 2026 adjusted EBITDA range.
- Net sales were $338.4 million, down from $376.4 million a year earlier; GAAP net loss attributable to FOX stockholders was $109.6 million, or $2.61 per diluted share, versus a $0.6 million loss a year earlier.
- Adjusted EPS was $0.54 versus $0.23, and adjusted EBITDA was $50.4 million versus $44.4 million, including about $12 million of IEEPA tariff refunds.
- Total debt fell to $397.4 million from $673.5 million at January 2, 2026, after the Marucci Sports divestiture closed on September 25, 2026.
- Fourth-quarter outlook: net sales of $287 million to $313 million and adjusted EBITDA of $25 million to $30 million; fiscal 2026 adjusted EBITDA of $143 million to $148 million excluding tariff refunds.
Read the filing on SEC.gov ↗
Oct 16, 4:06 PM ET
Fox Factory said preliminary third-quarter fiscal 2026 net sales and adjusted EBITDA came in below its guidance, and it lowered its fiscal 2026 outlook, including the divestiture of Marucci Sports, which closed September 25, 2026. CEO Michael Dennison stepped down and also left the Board, and director Douglas Grimm became interim CEO effective October 16, 2026, while the Board searches for a permanent CEO. Shareholders face lower expected results and a leadership change at the same time.
- Q3 preliminary net sales of $336 million to $340 million, versus prior guidance of $355 million to $380 million; adjusted EBITDA of $38 million to $42 million, versus guidance of $46 million to $54 million (excluding about $12 million of IE
- Fiscal 2026 net sales outlook lowered to $1.35 billion to $1.38 billion from $1.42 billion to $1.47 billion; adjusted EBITDA outlook of $140 million to $150 million excluding tariff refunds, versus prior $176 million to $196 million.
- Michael Dennison stepped down as CEO and as a director effective October 15, 2026; Douglas Grimm was appointed Interim CEO effective October 16, 2026, with an annual base salary of $1,065,000.
- The Board retained Heidrick & Struggles to search for a permanent CEO, and the company plans to hold its third-quarter earnings call on November 5, 2026.
Read the filing on SEC.gov ↗
Sep 29, 4:07 PM ET
Fox Factory Holding Corp. completed the sale of Wheelhouse Holdings, parent of baseball bat maker Marucci Sports, to Squared Up Holdings, an investor group led by Marucci senior management, on September 25, 2026. The Company received $200 million in cash, which it used to reduce borrowings under its credit facility, plus a $25 million subordinated note due December 31, 2026. The unaudited pro forma financial information filed with the 8-K shows a $120.1 million loss on the disposal, which weighs on shareholders even as it reduces debt.
- Enterprise value of $225 million, paid as $200 million in cash and a $25 million subordinated convertible note
- Note matures December 31, 2026; if unpaid, principal increases by $2.5 million and interest rises to 10% per year
- Pro forma loss on disposal of $120.1 million and approximately $7.5 million in transaction costs
- Pro forma six-month net sales fell to $647.6 million from $726.8 million historical
Read the filing on SEC.gov ↗
Aug 6, 4:08 PM ET
Fox Factory reported second-quarter fiscal 2026 results for the period ended July 3, 2026. Net sales fell 4.5% to $358.1 million and adjusted earnings per diluted share fell to $0.37 from $0.40, while GAAP net income rose to $4.1 million, or $0.10 per diluted share, from $2.7 million. The company raised its fiscal 2026 net sales guidance and narrowed its adjusted EBITDA guidance, which matters to shareholders because sales and profit signals point in different directions.
- Q2 net sales were $358.1 million versus $374.9 million a year earlier; Specialty Sports Group fell 9.4% and Powered Vehicles Group rose 0.6%.
- Q2 adjusted EBITDA was $45.5 million, including about $2 million of IEEPA tariff refunds, with a margin of 12.7% versus 13.1% a year earlier.
- Fiscal 2026 guidance: net sales of $1.42 billion to $1.47 billion (raised) and adjusted EBITDA of $176 million to $196 million (narrowed).
- Third-quarter guidance: net sales of $355 million to $380 million and adjusted EBITDA of $46 million to $54 million.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.