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Fox Factory Company profile

About Fox Factory Holding Corp

Fox Factory Holding Corp. is a designer, manufacturer and marketer of performance-defining products and systems. The Company's performance-defining products and systems are used primarily on bicycles, side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, motorcycles and commercial trucks. Its brands include FOX, FOX RACING SHOX and RACE FACE. Its products include 32, 34 and 36 Factory Series FLOAT FIT4, which reduces overall fork weight, provides external adjustability with its fourth-generation FOX Isolated Technology (FIT) closed-cartridge damper, and includes the self-adjusting negative chamber air spring for quieter operation and ease of adjustment. X2 technology is used in its Factory Series FLOAT and DH rear shocks, which allows the rider to independently tune high- and low-speed compression and high- and low-speed rebound.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Fox Factory Holding Corp revenues increased 46% to $1.3B. Net income increased 81% to $163.8M. Revenues reflect Specialty Sports segment increase of 58% to $579M, Powered Vehicles segment increase of 37% to $720M, North America segment increase of 37% to $811.3M, Asia segment increase of 66% to $241M. Net income benefited from Interest Expense decrease of 12% to $8.2M (expense).