All Fox Factory articles – Page 2
-
ArticleFox Factory posts record sales and profits in challenging fiscal 2022
On Feb. 23, suspension specialist Fox Factory Holding Corp. announced financial results for the fourth quarter and full fiscal year 2022. Thanks to continued strong sales in the second half of the year, marked by a general reluctance to buy due to inflation, the U.S. company once again posted record ...
-
News briefsFox Factory to acquire Custom Wheel House
Fox Factory Holding Corp. announced that its subsidiary Fox Factory, Inc. has signed a definitive agreement to acquire California-based Custom Wheel House, LLC from Thompson Street Capital Partners and other sellers. The company designs, markets and distributes high-performance wheels, high-performance off-road tires and accessories for motorized vehicles. The purchase price ...
-
News briefsFox Factory invests $1 million in Trail Trust scheme in its first year
U.S.-based manufacturer of mountain bike suspension systems Fox Factory announced it has invested $1 million in its Trail Trust scheme in one year alone. Trail Trust was created in November 2021 to lead the way in delivering sustainable adventure to everyone. Its goals include building and maintaining new trail systems, ...
-
News briefsFox Factory delivers another solid quarter
Profit at Fox Factory, the maker of products for bicycles, off-road vehicles and motorcycles, among others, rose 16 percent to $50.8 million from $43.8 million for the quarter ended Sept. 30. Ebit was 19.7 percent higher at $64.1 million as operating income increased by 18.3 percent to $65.4 million from ...
-
News briefsFox Factory partners with Society of Women Engineers
Fox Factory, the U.S.-based manufacturer of mountain bike suspension systems, is to partner with the Society of Women Engineers (SWE). The partnership is intended to facilitate access to Fox’s summer internship program, the recruitment of engineers and provide professional development for current employees. “I am thrilled that our company has ...
-
ArticleFox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
-
News briefs
Fox Factory sues SRAM for patent infringement
As our colleagues at the American edition of SGI have reported, Fox Factory has filed suit in Los Angeles federal court against SRAM. Fox alleges that SRAM’s RockShox ZEB Ultimate Flight Attendant fork, which made its debut this past autumn, infringes its U.S. patent for a suspension fork air-bleed assembly. ...
-
ArticleFox Factory publishes first global sustainability report
In time for World Environment Day, Fox Factory – based in Georgia, USA – released its first sustainability report for 2021. The report includes the results of the company’s first materiality analysis, which led to the development of the Fox Factory Frontiers sustainability strategy. The publication summarizes the current state ...
-
ArticleFox Factory forecasts overheated bike product sales “back to normal” in winter 2022
In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent. Fox Factory ...
-
News briefsFox wants to enable sustainable adventures for all with new global community program
U.S. suspension specialist Fox Factory has launched a community investment program called Trail Trust. Together with non-profit partners around the world, the new program aims to enable sustainable adventures for everyone by promoting conscientious use of nature and protecting shared outdoor playgrounds. It also means expanding opportunities in the outdoor ...
-
ArticleFourth consecutive record quarter for Fox Factory
U.S.-based suspension specialist Fox Factory Holding Corp. posted significant gains in both revenue and profit in the second quarter of fiscal 2021 compared to the same quarter last year. In addition, this year’s second quarter was not only the company’s fourth consecutive record quarter, but also surpassed the $1 billion ...
-
ArticleFox Factory Q1 sales shine with surge in bicycle product sales
Suspension specialist Fox Factory continues to soar. The company posted record sales for the third consecutive quarter. Q1 2021 sales increased 52.5 percent to $281.14 million (€231.16m). This amount is split between Fox’s Powered Vehicle Group (PVG) Q1 revenue of $162.75m (€134.01m, +35 percent) and Fox’s Specialty Sports Group (SSG, ...
-
News briefs
Larry Enterline retires from Fox Factory
As reported earlier, Larry L. Enterline, who has been at the helm of bicycle and other on/off-road specialty vehicle suspension specialist Fox Factory Holding Corp. for nearly a decade, will retire on April 2. The board has now appointed the current lead independent director and audit committee chairman, Dudley Mendenhall, ...
-
ArticleRecord quarter for Fox
Fox Factory Holding Corp., which manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, achieved record fourth-quarter sales, rising by 41.2 percent to $262.4 million. This increase reflects a 44.6 percent rise in its specialty sports group sales and a 38.7 percent gain in the ...
-
News briefs
Fox Factory welcomes new board member
U.S. shock absorber and suspension manufacturer Fox Factory Holding Corp. has appointed Sidney Johnson to its board of directors, effective Jan. 1. Johnson brings more than 25 years of operational excellence and global supply chain experience in the technology, global mobility and automotive manufacturing industries to the company, which aims ...
- Previous Page
- Page1
- Page2
- Next Page
