Quarterly ResultNov 5, 2026, 04:29 PM
Fox Factory Q3 Net Loss $109.6M; Adjusted Net Income $22.7M; Divests Marucci
AI Summary
Fox Factory Holding Corp. reported its third fiscal quarter financial results, highlighting the completion of the Marucci Sports divestiture which was used for debt reduction. The company reported a net sales decrease of 10.1% to $338.4 million and a net loss of $109.6 million, significantly impacted by a $121.3 million loss on divestitures. However, adjusted net income and adjusted EBITDA showed improvement compared to the prior year. The company also updated its fourth quarter outlook.
Key Highlights
- Fox Factory completed the divestiture of Marucci Sports, allocating proceeds to debt reduction.
- Net sales decreased 10.1% YoY to $338.4 million.
- Net loss attributable to stockholders was $109.6 million, or $2.61 per diluted share, including a $121.3 million loss on divestitures.
- Adjusted net income was $22.7 million, or $0.54 per diluted share, up from $9.9 million ($0.23/share) in the prior year.
- Adjusted EBITDA was $50.4 million, an increase from $44.4 million in the prior year.
- The company reduced net debt by $263.5 million since the 2025 fiscal year end.
- Updated Q4 2026 outlook: Net sales $287M-$313M; Adjusted EBITDA $25M-$30M.
Price Impact
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