FOX FACTORY HOLDING CORP (FOXF) Form 8-K — Aug 6, 2026
Fox Factory Holding Corp. reported second quarter fiscal 2026 net sales of $358.1 million, down 4.5% from $374.9 million a year ago, as Specialty Sports Group destocking (down 9.4%) and constrained Ford F-150 chassis availability for its upfit businesses outweighed a 22.5% surge in powersports demand. GAAP net income was $4.1 million, or $0.10 per diluted share, up from $0.07 in the prior year. Adjusted EBITDA of $45.5 million, which included roughly $2 million of IEEPA tariff refunds, exceeded the high end of the company's guidance range, and adjusted EBITDA margin expanded 300 basis points sequentially to 12.7%.
Key figures
- Eps
- 0.1
- Revenue
- 358122000
- Guidance
- Q3 FY26: net sales $355M-$380M and adjusted EBITDA $46M-$54M; FY26: net sales raised to $1.42B-$1.47B and adjusted EBITDA narrowed to $176M-$196M
- Net Income
- 4053000
- Total Debt
- 667700000
- Revenue Yoy
- -4.5%
- Total Assets
- 1636456000
- Cash Position
- 61276000
- Shares Outstanding
- 42031000
- Net Debt
- $606.4 million, down $9.1 million from fiscal year-end
- H1 Net Loss
- -$10.9 million (-$0.26 per diluted share)
- H1 Net Sales
- $726.8 million (-0.4% YoY)
- Adjusted EPS
- 0.37
- Gross Margin
- 30.6% (vs 31.2% prior year)
- Segment Sales
- PVG $124.2M (+0.6%), AAG $109.6M (-4.0%), SSG $124.3M (-9.4%)
- Adjusted EBITDA
- $45.5 million, includes ~$2 million IEEPA tariff refunds; exceeded high end of guidance range
- Net Leverage Ratio
- 3.7x under credit agreement, in compliance
- Adjusted Net Income
- $15.5 million (vs $16.6 million prior year)
- Loss On Divestiture
- $10.6 million on Phoenix, Arizona AAG operations
- Powersports Growth
- +22.5% YoY
- Days Inventory On Hand
- ~136 days vs ~150 days prior year
- Adjusted EBITDAMargin
- 12.7% (vs 13.1% prior year), +300 bps sequentially
- Credit Covenant Change
- net leverage covenant expanded to 5.0x from prior 4.5x in May credit agreement amendment
- Potential Ieepa Recovery
- up to $8 million additional tariff recovery, excluded from outlook
- Profit Optimization Savings
- $25+ million gross savings captured in H1; ~$50 million FY2026 target
- Incremental Input Cost Inflation
- nearly $20 million absorbed in FY26 guidance
- Prior Year H1 Goodwill Impairment
- $262.1 million
Price after filing
Close on the filing date to close N calendar days later (from $19.80). Historical, not a forecast.
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