Earnings ·
Reports Q3 net loss of $109.6M, or $2.61 per share, after Marucci divestiture
FOXFFox Factory Holding Corp
Fox Factory Holding Corp. reported a third-quarter fiscal 2026 net loss attributable to stockholders of $109.6 million, or $2.61 per diluted share, compared to a near-breakeven result in the prior year period. The loss includes a $121.3 million non-cash charge related to the divestiture of Marucci Sports, which closed on September 25, 2026. Net sales declined 10.1% to $338.4 million, reflecting weakness in Aftermarket Applications and Specialty Sports groups, partially offset by growth in Powered Vehicles. Adjusted net income was $22.7 million, or $0.54 per diluted share, driven by IEEPA tariff refunds and cost optimization initiatives. The company also reduced total debt by approximately $276 million to $397.4 million, lowering its net leverage ratio to 2.4x. Fox Factory Holding Corp. is a global leader in the design, engineering, and manufacturing of premium suspension products for specialty sports and vehicles.