Strong Net Sales Growth
Fox Factory reported $375 million in net sales for Q2 2025, a 7.6% increase year-over-year, with growth across Powered Vehicles Group, Aftermarket Applications Group, and Specialty Sports Group.
Improved Adjusted EBITDA Margin
The company achieved a consolidated adjusted EBITDA margin of 13.1%, the highest level in nearly two years, with a sequential increase of 190 basis points from Q1 2025.
Successful Cost Reduction Initiatives
Fox Factory's $25 million cost reduction program is on schedule, with approximately 30% of benefits realized so far, contributing to improved financial performance.
Growth in Powered Vehicles Group
The Powered Vehicles Group saw net sales increase by 4.9%, driven by the expansion of the motorized 2-wheel business, which more than offset softness in the powersports OE business.
Specialty Sports Group Performance
Net sales in the Specialty Sports Group increased by 11%, with adjusted EBITDA margin improving by 280 basis points to 22.1%, supported by strength in the bike business.