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Article Date: February 2019
Word Count: 154

Fox Factory Finishes another Strong Year


Net income jumped to $20,135,000 from $2,802,000 in the fourth quarter, lapping a one-time $9.3 million tax charge in 2017 due to the Tax Act, as revenues surged 29% to $156,810,000 from $121,093,000. Powered Vehicle Group sales led with a 48% increase helped by Tuscany Motors contribution, while Specialty Sports Group bike product sales gained 12%, aided by higher sales in the OEM channel. Gross margin was up 20 basis points to 32.5%. For the full year, ... Log in to view full article.

 


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