Fox Factory Holding Corp. reports Q3 net sales up 4.8% with net loss of $0.6 million
Fox Factory Holding Corp. reported third quarter fiscal 2025 net sales of $376.4 million, up 4.8% year-over-year. AAG net sales rose 17.4% to $117.8 million, and PVG net sales increased 15.1% to $125.9 million. Gross margin improved by 0.5 percentage points to 30.4%. The company recorded a net loss of $0.6 million, or $0.02 per diluted share, compared to net income of $4.8 million, or $0.11 per diluted share, in the same period last year. Adjusted net income was $9.9 million, or $0.23 per diluted share, versus $14.8 million, or $0.35 per diluted share, in the prior year. Adjusted EBITDA reached $44.4 million, up from $42.0 million, with an adjusted EBITDA margin of 11.8%. For the first nine months of fiscal 2025, net loss was $257.6 million, or $6.17 per diluted share, compared to net income of $6.7 million, or $0.16 per diluted share, in the same period last year. Adjusted net income for the nine months was $36.3 million, or $0.87 per diluted share, compared to $42.6 million, or $1.02 per diluted share, in the prior year.
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