Fox Factory Holding Corp. - FOXF STOCK NEWS

Welcome to our dedicated page for Fox Factory Holding news (Ticker: FOXF), a resource for investors and traders seeking the latest updates and insights on Fox Factory Holding stock.

Fox Factory Holding Corp. (NASDAQ: FOXF) is a renowned designer, manufacturer, and marketer of performance-defining products and systems predominantly used in high-adrenaline activities and vehicles. Under the brands FOX, FOX RACING SHOX, and RACE FACE, the company offers top-tier products for bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles, motorcycles, and commercial trucks.

For over three decades, Fox Factory has committed itself to redefining ride dynamics, enabling both enthusiasts and professional athletes to push their limits. The company's innovations enhance performance through cutting-edge suspension and ride dynamics technology, earning the trust of users worldwide.

The company's latest strategic move includes the acquisition of Wheelhouse Holdings, Inc., the parent company of Marucci Sports LLC, for $572 million. This acquisition positions Fox Factory as a diverse provider of market-leading branded products. Marucci, known for its premium performance baseball, softball, and other sports-related products, will be integrated into Fox's Specialty Sports Group (SSG). CEO Mike Dennison emphasized that the acquisition aligns with Fox's growth strategy without compromising its core identity and values.

Fox Factory's geographical revenue distribution is primarily in North America, with significant presence in Asia, Europe, and other parts of the world. The company has a robust financial outlook, reaffirming its 2025 target of $2.0 billion in sales and a 25% adjusted EBITDA margin, excluding the Marucci acquisition. Additionally, Fox Factory has announced a share repurchase plan of up to $300 million, equating to roughly 8% of outstanding shares, to further enhance shareholder value.

The company continues to utilize a variety of channels for disseminating material information, including SEC filings, press releases, public conference calls, webcasts, and its investor relations website.