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Article Date: February 2018
Word Count: 129

Fox Factory Posts Record Results for Year

Net income tumbled 71% to $2,802,000 from $9,813,000 in the fourth quarter pulled down by a one-time charge of $9.3 million related to the Tax Cuts and Jobs Act, as revenues increased 9% to $121,093,000 from $111,555,000. Powered vehicle suspensions and aftermarket accessory kits gained 10% while bike products were up 8% driven by new product introductions and sales to OEMs. Gross margin expanded 180 ... Log in to view full article.


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