Fox Factory Announces CEO Transition
Fox Factory (NASDAQ: FOXF) announced CEO Mike Dennison is stepping down effective October 16, 2026, with independent director Doug Grimm appointed Interim CEO while Heidrick & Struggles leads the search for a permanent chief executive. Alongside the transition, the company preannounced preliminary Q3 results below guidance — net sales of $336-340 million versus $355-380 million guided, and adjusted EBITDA of $38-42 million versus $46-54 million — driven by Marucci Sports underperformance, a Powered Vehicles supply disruption, and upfit business challenges.
Key figures
- Revenue
- $336 million to $340 million
- Guidance
- FY26 net sales $1.35B-$1.38B (from $1.42B-$1.47B); adjusted EBITDA $140M-$150M ex-tariff refunds (from $176M-$196M); Q4 net sales $287M-$313M, Q4 adjusted EBITDA $23M-$29M
- Earnings call date
- November 5, 2026
- Q3 adjusted ebitda
- $38 million to $42 million
- Q3 guidance revenue
- $355 million to $380 million
- Ieepa tariff refunds q3
- approximately $12 million
- Fy26 adjusted ebitda prior
- $176 million to $196 million
- Marucci divestiture closing
- September 25, 2026
- Fy26 adjusted ebitda incl refunds
- $154 million to $164 million
AI analysis
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