Fox Factory Holding Corp. Reports Third Quarter Fiscal 2026 Financial Results
Fox Factory reported Q3 fiscal 2026 net sales of $338.4 million, down 10.1% year-over-year, with a GAAP net loss of $2.61 per diluted share driven by a $121.3 million loss on the Marucci Sports divestiture completed September 25. Adjusted results were stronger: adjusted EPS of $0.54 versus $0.23 last year and adjusted EBITDA of $50.4 million (14.9% margin), though that includes about $12 million of one-time IEEPA tariff refunds. The balance sheet improved materially, with $263.5 million of net debt reduction bringing leverage to approximately 2.4x, funded largely by roughly $200 million of divestiture proceeds.
Key figures
- Revenue
- 338400000
- Guidance
- Q4 net sales $287M-$313M, adjusted EBITDA $25M-$30M; FY26 net sales $1.35B-$1.38B, adjusted EBITDA $143M-$148M excluding ~$14M IEEPA tariff refunds ($157M-$162M including refunds)
- Net debt
- 352000000
- Adjusted eps
- 0.54
- Gross margin
- 31.5%
- Net leverage
- 2.4x
- Gaap net loss
- 109600000
- Adjusted ebitda
- 50400000
- Net debt reduction
- 263500000
- Divestiture proceeds
- 200000000
- Loss on divestitures
- 121300000
- Tariff refund benefit
- 12000000
- Adjusted ebitda margin
- 14.9%
- Adjusted eps prior year
- 0.23
- Adjusted ebitda prior year
- 44400000
- Optimization savings captured ytd
- 41000000
AI analysis
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