Fox Factory Holding (FOXF) Tops Q4 EPS by 1c; Issues Mixed Outlook

Fox Factory Holding (NASDAQ: FOXF) reported Q4 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $74.1 million versus the consensus estimate of $72.2 million.

Fox Factory Holding sees Q1 2015 EPS of $0.05-$0.10, versus the consensus of $0.15. Fox Factory Holding sees Q1 2015 revenue of $58-64 million, versus the consensus of $67.4 million.

Fox Factory Holding sees FY2015 EPS of $0.88-$1.00, versus the consensus of $0.98. Fox Factory Holding sees FY2015 revenue of $333-357 million, versus the consensus of $33.65 million.

We are pleased to report solid financial results for the fourth quarter and full year 2014, as we delivered sales, gross margin, adjusted EBITDA, and adjusted EPS growth for both periods," stated Larry L. Enterline, FOX's Chief Executive Officer. "In the fourth quarter, sales of powered vehicle products increased 34% driven by strength across a number of markets including side-by-side, on-road motorcycles, and truck. We believe our Factory Series 36 all-mountain suspension fork has been very well received by our customers and the trade media, which gives us confidence that we are positioned to see improvements in our mountain bike business when our model year 2016 products begin shipping in volume. We are also pleased with Ford's announcement on January 12, 2015 at the Detroit Auto Show that FOX Internal Bypass suspension is once again their suspension of choice for the second-generation 2017 F-150 Raptor."

"Consistent with our growth strategy, we successfully completed two acquisitions in fiscal 2014 that expanded and diversified our product offerings and enhanced the foundation of our business."

Mr. Enterline concluded, "While we believe we have taken the right steps positioning FOX to achieve another year of sales and profitability growth in 2015, unfortunately, the labor dispute that slowed West Coast ports has had some impact on our business. While we were successful in mitigating the effects of the port slowdown in the fourth quarter of 2014, the impact in the first quarter of 2015 has been more pronounced and it will likely have a near-term impact on our 2015 financial results as port congestion clears."

For earnings history and earnings-related data on Fox Factory Holding (FOXF) click here.

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