Fox Factory Posts Record Results for Year
Net income tumbled 71% to $2,802,000 from $9,813,000 in the fourth quarter pulled down by a one-time charge of $9.3 million related to the Tax Cuts and Jobs Act, as revenues increased 9% to $121,093,000 from $111,555,000. Powered vehicle suspensions and aftermarket accessory kits gained 10% while bike products were up 8% driven by new product introductions and sales to OEMs. Gross margin expanded 180 ... Log in to view full article.