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FOXF News
FOXF Events
Sees FY26 Adjusted EBITDA Between $176M and $196M
Sees FY26 adjusted EBITDA in the range of $176M-$196M.
Company Reports Q2 Revenue of $358.1M, Exceeding Expectations
Reports Q2 revenue $358.1M, consensus $352.94M. Mike Dennison, CEO, commented, "Our second quarter results met or exceeded our guidance, with adjusted EBITDA margin expanding approximately 250 basis points sequentially, excluding tariff refunds. Our profit optimization actions remain on track to deliver approximately $50M of gross cost savings this year, driven by continued execution across portfolio rationalization, supply chain, and cost discipline. A portion of what we captured in the first half was offset by higher input costs driven by geopolitical disruption and commodity inflation, including freight surcharges and fuel costs above original expectations. We are encouraged by signs of stabilization in powersports, bike, and aftermarket in general, while our upfit businesses continue to be constrained by limited availability of Ford F-150 chassis. Our team remains focused on sharpening the portfolio and becoming a more efficient organization that is positioned for growth and profitability. We expect to see continued strength in revenue through the back half driven by PVG with overall adjusted EBITDA margin tempered by continued macro headwinds and mix shifts. Our outlook assumes Ford F-150 chassis availability remains constrained through August and begins to recover in early September."
Sees Q3 Adjusted EBITDA Between $46M and $54M
Sees Q3 adjusted EBITDA in the range of $46M-$54M.
FOX Reports Q1 Revenue of $368.66M
Reports Q1 revenue $368.66M, consensus $351.76M. Mike Dennison, FOX's Chief Executive Officer, commented, "We delivered a solid first quarter, with revenue at the high end of our guidance range and adjusted EBITDA exceeding the high end of our guidance range. The team is executing against the plan we laid out in February - taking cost out, sharpening the portfolio, and building resilience in an end-market environment that remains subdued. Phase 1 carryover benefits are flowing through as expected, Phase 2 is on schedule, and we are on track to deliver approximately $50 million in cost savings this year."
Fox Factory Sees FY26 Adjusted EBITDA of $174M-$203M
Sees FY26 adjusted EBITDA $174M-$203M. Dennison continued, "The completion of the Phoenix divestiture during the quarter further focuses our portfolio on the core, higher-margin businesses that define Fox Factory. Combined with our disciplined approach to capital allocation and balance sheet management, these actions position us to deliver meaningful operating leverage as our end markets accelerate - and be structurally stronger across our market leading product categories."
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