Exchange: NASDAQ·Updated 07:30 PM EDT
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FOXF Fox Factory Holding Corp

$18.05
$0.45
(2.43%)
Today
Closed $18.05
$0.00
(0.00%)
After Hours
EarningsNov 5
Mkt Cap$777.57M
Vol258,667.00

About FOXF

Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and on-road vehicles with off-road capabilities, off-road vehicles and trucks, all - terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. It operates through the following geographical segments: North America, Asia, Europe and Rest of the World. The company was founded on December 28, 2007 and is headquartered in Duluth, GA.
49

Neutral Sentiment

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filecrux
$FOXF Fox Factory makes bike and truck shocks. In 2023 it bought a baseball bat maker at a $572 million value. On Sept 25 it sold it for $225 million, to the bat maker's own bosses. That's about 39 cents on the dollar. Every dollar of cash went to its debt.
KryptonResearch14
$FOXF Fox Factory closed the 225M sale of Marucci Sports on Friday. The 200M in cash went straight to the credit facility. The balance sheet math is the point. Net leverage drops from 3.7x to about 2.7x, and annual interest expense falls about 16M (17M once the 25M note due Dec 31 pays). CEO Mike Dennison was unusually candid: Marucci "did not deliver the returns we expected inside Fox." Capital is going to debt paydown and core performance products. The process ran since February: 80+ potential buyers contacted, 15 indications of interest. The buyer is a group led by Marucci's own senior management. One watch item: that 25M is a note, not cash. The extra ~1M of interest savings only materializes if it is paid by year-end.

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