NASDAQ$FOXF

Fox Factory Holding Corp. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Fox reported record first quarter sales with an increase of 14.0% reaching $184.4 million. Earnings per diluted share were $0.21, and adjusted earnings per diluted share were $0.52.

Fox Factory Holding Corp. announced its financial results for the first quarter ended April 3, 2020, achieving record first quarter sales of $184.4 million. The company reported earnings per diluted share of $0.21 and adjusted earnings per diluted share of $0.52.

  • Sales increased 14.0% to $184.4 million compared to the same period last fiscal year.
  • Net income attributable to FOX stockholders was $8.3 million, or 4.5% of sales, with earnings per diluted share at $0.21.
  • Non-GAAP adjusted net income was $20.5 million, or $0.52 of adjusted earnings per diluted share.
  • Adjusted EBITDA was $31.3 million, or 17.0% of sales, compared to $30.1 million, or 18.6% of sales in the same period last fiscal year.

Headline financials

Total Revenue

$184M

Previous: $162M+14.0%
EPS (adj)

$0.52

Previous: $0.55-5.5%
Capital Expenditures

-$12.8M

Previous: -$7.3M-76.0%
Free Cash Flow

-$4.59M

Previous: $10.8M-142.5%
Net Income

$8.25M

Previous: $18.1M-54.4%
Operating Income

$11.6M

Previous: $21.8M-47.0%
Gross Profit

$56.6M

Previous: $51.1M+10.9%
Cash & Equivalents

$76.2M

Previous: $38.3M+99.0%
Total Assets

$1.07B

Previous: $542M+97.1%

Revenue & EPS history

Fox · Revenue · Quarterly

$184M

Q1 2020+14%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Due to the rapidly evolving market conditions domestically and internationally in response to the continued spread of COVID-19, full fiscal year 2020 guidance remains suspended as previously reported on April 9, 2020 and the Company does not intend to provide quarterly guidance until further notice.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.8%

Avg return

30 days after

46%

26 / 56 earnings

Positive

+24.2%

Q2 2018

Best reaction

-27.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%-7.5%-4.3%
Q4 2025-8.4%-2.8%-8.2%
Q3 2025+2.6%+4.0%-32.8%
Q1 2025+11.5%+23.3%+24.0%
Q4 2024+8.8%+4.7%-4.8%
Q3 2024-8.2%-7.6%-12.3%
Q2 2024-22.3%-24.9%-24.2%
Q1 2024+12.4%+15.9%+18.3%
Q4 2023-27.0%-22.3%-24.9%
Q3 2023-25.5%-25.8%-21.4%
Q2 2023+2.4%+5.2%+1.2%
Q1 2023-11.7%-13.8%-16.3%
Q4 2022-6.8%-2.3%-2.0%
Q3 2022+11.4%+17.2%+41.4%
Q2 2022+7.8%+6.7%-8.3%
Q1 2022-7.3%-10.1%-4.4%
Q4 2021+5.5%-7.1%-15.5%
Q3 2021+4.0%+6.2%+2.2%
Q2 2021+2.0%+3.2%-2.2%
Q1 2021+6.8%+3.4%+0.2%
Q4 2020-10.3%-9.3%-8.4%
Q3 2020+12.2%+2.1%+18.0%
Q2 2020+14.6%+14.8%-5.2%
Q1 2020+4.2%+11.4%+70.5%
Q3 2019-5.2%-2.1%+2.5%
Q2 2019-6.7%-10.6%-13.0%
Q1 2019-2.9%-1.0%-13.6%
Q4 2018+0.9%+2.6%+10.9%
Q3 2018+22.3%+26.1%+23.3%
Q2 2018+24.2%+25.9%+32.9%
Q1 2018-1.5%-0.3%+13.8%
Q4 2017-6.6%-9.1%-13.2%
Q3 2017-5.5%-5.9%-8.0%
Q2 2017+1.7%+2.0%+4.6%
Q1 2017+6.5%+5.3%+8.1%
Q4 2016+6.9%+6.0%+7.1%
Q3 2016-2.2%+0.5%+22.0%
Q2 2016+7.2%+6.6%+11.8%
Q1 2016-0.4%
Q4 2015+13.6%
Q3 2015+2.6%
Q2 2015+6.9%
Q1 2015+3.5%
Q4 2014-0.7%
Q3 2014-9.4%
Q2 2014-1.6%
Q1 2014-0.1%
Q1 2013-0.1%
Q4 2013-0.4%
Q1 2012-0.4%
Q4 2011-0.4%
Q3 2012-3.1%
Q3 2013-3.1%
Q2 2013-2.0%
Q2 2012-2.0%
Q4 2012-2.0%

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