Recent Updates — FOXF

Fox Factory Holding Corp. completed the divestiture of its Marucci Sports business to Squared Up Holdings, LLC, an investor group led by former Marucci management. The transaction closed on September 25, 2026, with an enterprise value of $225 million. Consideration consisted of $200 million in cash and a $25 million unsecured subordinated convertible promissory note due December 31, 2026. Fox Factory applied the net cash proceeds to reduce outstanding borrowings under its credit facility and incurred approximately $7.5 million in transaction costs. The divestiture resulted in a pre-tax loss of $112.6 million on disposed net assets plus transaction expenses. Fox Factory Holding Corp. designs, engineers, and manufactures high-performance suspension systems for off-road vehicles, motorcycles, and automobiles.

Fox Factory Holding Corp. completed the sale of its wholly owned subsidiary Marucci Sports to an investor group led by existing management for a total enterprise value of $225 million on September 25, 2026. The transaction consideration includes $200 million in cash received at closing and a $25 million unsecured subordinated convertible promissory note maturing December 31, 2026. Fox Factory applied the full $200 million cash proceeds to reduce outstanding borrowings under its credit facility, lowering net leverage from 3.7 times to approximately 2.7 times and reducing annualized interest expense by roughly $16 million. The company incurred approximately $7.5 million in transaction-related costs. Fox Factory Holding Corp. is a global leader in the design, engineering, and manufacturing of premium suspension products and components for specialty sports and vehicles.

Fox Factory Holding Corp. reported second fiscal quarter 2026 financial results for the period ended July 3, 2026. Net sales decreased 4.5% to $358.1 million from $374.9 million in the prior year, driven by declines in Specialty Sports and Aftermarket Applications groups partially offset by growth in Powered Vehicles. Net income rose to $4.1 million ($0.10 per diluted share) compared to $2.7 million ($0.07) previously. Adjusted EBITDA was $45.5 million, including approximately $2 million in IEEPA tariff refunds, with an adjusted EBITDA margin of 12.7%. The company raised its full-year fiscal 2026 net sales guidance to a range of $1.42 billion to $1.47 billion and narrowed adjusted EBITDA guidance to $176 million–$196 million. Fox Factory Holding Corp. is a global leader in the design, engineering, and manufacturing of premium suspension products and performance-defining systems for specialty sports and vehicles.