Revenue and EBITDA Growth
Fox Factory reported net sales of $376.4 million, up 5% year-over-year, and an adjusted EBITDA of $44.4 million, up 6% year-over-year, demonstrating the company's ability to grow even in challenging environments.
AAG Segment Performance
The Aftermarket Applications Group (AAG) delivered net sales of $117.8 million, up 17.4% year-over-year, driven by growth in aftermarket components and upfitting, showcasing resilience in a challenging consumer environment.
PVG Segment Execution
The Powered Vehicles Group (PVG) achieved net sales of $125.9 million, representing 15% growth year-over-year, demonstrating strong execution and stability in the automotive OE business.
Debt Reduction and Cost Management
Fox Factory reduced debt by $17.4 million year-to-date and is on track to achieve a $25 million cost reduction target for the fiscal year.