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Fox Factory Holding: 1Q Earnings Snapshot

BRASELTON, Ga. (AP) _ Fox Factory Holding Corp. (FOXF) on Wednesday reported first-quarter earnings of $18.1 million.

On a per-share basis, the Braselton, Georgia-based company said it had net income of 46 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The vehicle suspension maker posted revenue of $161.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $156.2 million.

For the current quarter ending in July, Fox Factory Holding expects its per-share earnings to range from 62 cents to 67 cents.

The company said it expects revenue in the range of $182 million to $190 million for the fiscal second quarter.

Fox Factory Holding expects full-year earnings in the range of $2.52 to $2.62 per share, with revenue ranging from $717 million to $733 million.

Fox Factory Holding shares have increased 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $75.74, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXF at https://www.zacks.com/ap/FOXF