Fox Factory Holding Corp (NAS:FOXF)

Q2 2026 Fox Factory Holding Corp. Earnings Call Transcript

Aug 6, 2026 / 08:30 PM GMT

Release Date Price: $18.86 (-4.07%)

Transcript 8-K

Key Points

Positve

Fox Factory Holding Corp (FOXF) delivered second-quarter revenue at the high end of its guided range and adjusted EBITDA approximately $5 million above the high end of its guidance.
The company's profit optimization program is on schedule, capturing more than $25 million in gross savings in the first half of 2026, with a reaffirmed target of approximately $50 million in total gross savings for the year.
Powersports segment showed strong growth, with sales up 22.5% in the second quarter and 28% in the first half year-over-year, as OEM customers worked through channel inventory imbalances.
The company has won significant new business awards, including a new vehicle with an existing OEM for 2028 and a new electric vehicle OEM for an autonomous vehicle, which will drive incremental volume in 2027.
Fox Factory Holding Corp (FOXF) is raising its full-year net sales guidance and narrowing its adjusted EBITDA outlook, reflecting confidence in its cost-out programs and back-half performance.
The company improved its cash conversion cycle by approximately 12 days year-over-year and reduced days inventory on hand to approximately 136 days from 150 days a year ago.
Adjusted EBITDA margin expanded approximately 250 basis points sequentially in the second quarter, excluding tariff refunds, demonstrating progress on margin recovery.
The company is seeing stabilization in its bike and powersports markets, with new product launches in e-bikes and softball driving demand and optimism for future growth.

Negative

Fox Factory Holding Corp (FOXF) experienced a 4.5% year-over-year decline in total consolidated net sales for the second quarter, reflecting portfolio optimization and shipment timing issues.
The company is facing significant external cost pressures, with incremental input cost inflation running nearly $20 million above its full-year plan due to higher steel, aluminum, freight, and fuel costs.
The aluminum supply disruption affecting Ford's F-150 platforms continued to negatively impact volumes in the second quarter, with production expected to resume only in early to mid-September.
The company's full-year adjusted EBITDA margin guidance was lowered to approximately 12.4% to 13.3%, down from the roughly 13.1% to 14.3% implied in February, due to persistent inflation.
The SSG segment, which includes bike and Marucci, saw a 9.4% year-over-year decrease in net sales, with mixed near-term demand signals as consumers remain cautious.
The company's effective tax rate was 36% in the quarter, significantly higher than the federal statutory rate, due to discrete items and lower pretax income.
Net debt reduction in the first half was below expectations due to seasonal working capital build and the cash impacts of first-half tariffs, with net leverage at 3.7 times.
The company is absorbing significant distribution-related expenses to protect customer delivery schedules, which is compressing net realization of its cost savings programs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FOXF.OQ - Fox Factory Holding Corp.
Q2 2026 Fox Factory Holding Corp. Earnings Call
Aug 06, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Fox Factory Holdings Corp's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode.

A question-and-answer session will follow the formal presentation. Please note this conference is being recorded. I would now like to turn the conference over to Toby Merchant, Chief Legal Officer at Box Factory Holding Corp. Thank you, sir. You may begin.

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Unidentified_2 [2]
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Thank you. Good afternoon and welcome to Box

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