Bike Boom Sends Fox Factory Higher
Net income jumped 29% to $38,020,000 in the third quarter from $29,487,000 last year as growth from the Specialty Sports Group drove revenues 23% higher to $260,700,000 from $211,317,000. The 32% revenue growth from its bike components division was a turnabout from recent quarters where car and truck components provided most of the gains. Powered Vehicles Group revenues were up 18%, primarily due to incremental sales from the SCA subsidiary acquired ... Log in to view full article.