Full-Time
Confirmed live in the last 24 hours
Designs and manufactures performance suspension products
No salary listed
Mid, Senior
Company Does Not Provide H1B Sponsorship
Marshall, MI, USA
10-25% travel involved.
Fox Factory Holding Corp. designs and manufactures high-performance products for specialty sports and vehicles, including both on-road and off-road applications. The company produces a range of products, primarily focusing on shocks, suspension systems, and related components. These products are engineered to meet the demands of professional athletes and enthusiasts, ensuring top-level performance. Unlike many competitors, Fox Factory integrates engineering and manufacturing expertise from acquired businesses, allowing it to diversify its offerings beyond just shocks and suspension. The goal of Fox Factory is to continuously enhance its product range and market reach while maintaining a strong reputation among both original equipment manufacturers and aftermarket consumers.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Scotts Valley, California
Founded
1974
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401(k) Retirement Plan
401(k) Company Match
Professional Development Budget
DULUTH, GA – May 9, 2025 – (Motor Sports NewsWire) – Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, today reported financial results for the first fiscal quarter ended April 4, 2025.First Quarter Fiscal 2025 HighlightsNet sales for first quarter of fiscal 2025 were $355 million , up $22 million or 6.5% over prior yearNet sales increased over prior year across all segments, with AAG up by $10.1 million , SSG up by $7.5 million , and PVG up by $4.0 millionGross margin and adjusted gross margin of 30.9% , sequentially up 200 basis points and 170 basis points, respectivelyNet loss per diluted share was $6.23, as compared to $0.08 in the prior year periodAdjusted earnings per diluted share was $0.23 , as compared to $0.29 in the prior year periodDrove continued sequential adjusted EBITDA margin improvement in both AAG and PVG segments of 330 basis points to 15.2% and 50 basis points to 11.8%, respectively, representing two consecutive quarters of expanding marginsCost reduction initiatives underway and progressing in line with expectationsManagement CommentaryMike Dennison, FOX’s Chief Executive Officer, commented, “We are pleased with our start to fiscal 2025, delivering first quarter sales and adjusted earnings per share that met our expectations. Our operational improvements and strategic cost management initiatives are well underway, helping us drive strong sequential adjusted EBITDA margin improvements in both our PVG and AAG segments. We expect these decisive actions will yield more tangible margin improvement throughout the year. Looking ahead, while end market demand remains challenging and tariffs create additional uncertainty, we expect that the actions we have taken to optimize our business will allow us to generate free cash flow this year to further improve our balance sheet. As market conditions normalize and the cycle advances, we anticipate that we will be well positioned to restore our best-in-class adjusted EBITDA margin profile and leverage our diversified business to maximize value for our stockholders.”First Quarter 2025 ResultsNet sales for the first quarter of fiscal 2025 were $355.0 million, an increase of 6.5%, as compared to net sales of $333.5 million in the first quarter of fiscal 2024
And it can lead to some remarkable moments that Dellupodisabato saw with Fox 'broadcast of the Nascar Cup Series Race on Talladega Sunday.
Big Read: Big mountain pairs racing with Enduro2 Les Arcs Opinion: We need to be more specific about what 'gravel' is 11 mountain bike things you think you need... But probably don't It's taken a couple of months for things to ramp up but the cycling industry is back in full swing as Fox has unveiled its latest 34 SL suspension fork and POC has brought a new helmet to the market.
Built around a full-width 34mm chassis, this fork takes what Fox's Step-Cast started and adds 17 per cent more torsional stiffness, improved small bump compliance and more suspension muscle for today's technical World Cup tracks.
Fox launches all-new 34 SL fork and twin Stick Lever for ultralight XC performance.