Net income slipped 15% to $18,103,000 from $21,224,000 in the first quarter as FOXF lapped a one-time tax benefit of $9.8 million last year, on sales that surged 25% to $161,700,000 from $129,792,000. Specialty Sports Group sales, primarily bike suspension components, increased 13%, while Powered Vehicle Group sales jumped 34%. Gross margin narrowed 50 basis points to 31.6% from a change in product mix and more OEM sales, and SG&A increased $3.5 million ... Log in to view full article.