2023-05-04 17:01:37 ET
- Fox Factory press release ( NASDAQ: FOXF ): Q1 Non-GAAP EPS of $1.20 beats by $0.01 .
- Revenue of $399.9M (+5.8% Y/Y) beats by $6.05M .
- Gross profit increased 10.8% to $133.3 million, compared to $120.3 million in the same period last fiscal year. Gross margin percentage increased 150 basis points to 33.3%, compared to 31.8% in the same period last fiscal year; non-GAAP adjusted gross margin percentage increased 180 basis points to 34.1%, compared to 32.3% in the same period last fiscal year
- Net income was $41.8 million, or 10.4% of sales and $0.98 of earnings per diluted share, compared to $48.1 million, or 12.7% of sales and $1.13 of earnings per diluted share in the same period last fiscal year
- Non-GAAP adjusted net income was $51.0 million, or $1.20 of non-GAAP adjusted earnings per diluted share, compared to $55.8 million, or $1.32 of non-GAAP adjusted earnings per diluted share in the same period last fiscal year
- Adjusted EBITDA was $79.2 million, or 19.8% of sales, compared to $71.8 million, or 19.0% of sales in the same period last fiscal year
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Fox Factory Non-GAAP EPS of $1.20 beats by $0.01, revenue of $399.9M beats by $6.05M