Net income slipped 13% to $41,767,000 from $48,050,000 in the first quarter despite 6% higher revenues of $399,851,000 against $377,977,000 that included a 35% increase in Powered Vehicles Group sales and a 30% drop in Specialty Sports Group sales. High channel inventories and a return to more normal seasonality were blamed for the lower sales of bike suspension and related parts, and FOXF is guiding for a 20% drop in SSG sales for the year. Gross margin improved 150 basis points to ... Log in to view full article.