Fox Factory Holding Corp. Reports Third Quarter Fiscal 2026 Financial Results
Key Highlights
- ➤Net sales $338.4 million, down 10.1% year over year
- ➤Net loss $109.6 million, or $2.61 per diluted share
- ➤Adjusted net income $22.7 million, or $0.54 per diluted share
- ➤Net debt reduced $263.5 million; net leverage fell to approximately 2.4x
- ➤Fiscal 2026 adjusted EBITDA outlook narrowed to $143 million-$148 million excluding refunds
Expert Statements
Doug Grimm, Interim Chief Executive Officer of Fox Factory Holding Corp.
“This has been a quarter of significant change for FOX, and we have taken decisive steps to position the Company for improved execution. The divestment of Marucci simplified our portfolio, increased our focus on our core product offerings and allowed us to substantially reduce our debt. Our third quarter results reflect the pressures we described in our October update, including a supply disruption in Powered Vehicles, higher input costs and operational challenges in our Aftermarket Applications’ upfit business.”
Doug Grimm, Interim Chief Executive Officer of Fox Factory Holding Corp.
“FOX has great brands, great products and a great team, and I believe there is a significant opportunity to turn those strengths into stronger, more consistent financial results. That starts with how we operate. As ‘One FOX’, we are working business-by-business and plant-by-plant to address the issues within our control, streamline our processes and hold ourselves accountable for results. At the same time, we will continue to prioritize investment in the high-performance products that our customers count on.”
DULUTH, Ga., Nov. 05, 2026 (GLOBE 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 third fiscal quarter ended October 2, 2026.
Third Quarter Fiscal 2026 Highlights * Completed the divestiture of Marucci Sports (the “Marucci Divestiture”) on September 25, 2026 with proceeds immediately allocated to debt reduction * Reduced net debt by $263.5 million since 2025 fiscal year end; reduced net leverage by more than one turn since the end of the second quarter, to approximately 2.4x * Net sales of $338.4 million, including approximately $33 million of net sales from the Marucci business prior to its divestiture * Net loss attributable to FOX stockholders of $109.6 million, or $2.61 per diluted share, which includes a $121.3 million loss on divestitures, compared to net loss attributable to FOX stockholders of $0.6 million, or $0.02 per diluted share in the prior year * Adjusted net income of $22.7 million, or $0.54 per diluted share, compared to adjusted net income of $9.9 million, or $0.23 per diluted share in the prior year * Adjusted EBITDA of $50.4 million, which includes approximately $12 million of IEEPA tariff refunds, compared to $44.4 million in the prior year * Updates fourth quarter outlook and narrows fiscal 2026 adjusted EBITDA outlook Doug Grimm, FOX’s Interim Chief Executive Officer, commented, “This has been a quarter of significant change for FOX, and we have taken decisive steps to position the Company for improved execution. The divestment of Marucci simplified our portfolio, increased our focus on our core product offerings and allowed us to substantially reduce our debt. Our third quarter results reflect the pressures we described in our October update, including a supply disruption in Powered Vehicles, higher input costs and operational challenges in our Aftermarket Applications’ upfit business.”
Get started
Create a free account to read the full story.