Key Highlights

  • Net sales were $338.4 million in the third fiscal quarter of 2026.
  • Net loss attributable to FOX stockholders was $109.6 million, or $2.61 per diluted share.
  • Adjusted Net Income was $22.7 million, or $0.54 per diluted share.
  • Net Debt fell $263.5 million since fiscal year end, with Leverage near 2.4 times.

Fox Factory Holding Corp. (NASDAQ:FOXF), a designer and manufacturer of performance products for customers worldwide, reported results for its third fiscal quarter ended October 2, 2026. Net sales were $338.4 million, including roughly $33 million from the Marucci Business before its divestiture. The company recorded a net loss attributable to FOX stockholders of $109.6 million, or $2.61 per diluted share, compared with a loss of $0.6 million, or $0.02 per share, a year earlier. Adjusted net income was $22.7 million, or $0.54 per diluted share.

The Marucci Divestiture

The company completed the divestiture of Marucci Sports on September 25, 2026, and allocated the proceeds immediately to debt reduction. The loss on divestitures of $121.3 million accounts for most of the reported net loss, which means the headline figure reflects a one-time transaction effect rather than the ongoing operating result.

Full-year guidance includes Marucci results through the September 25 closing, which means the fiscal year will carry a mix of divested and continuing revenue.

Debt Reduction and Leverage

Net debt has fallen by $263.5 million since the fiscal year end, and management reduced net leverage by more than one turn since the end of the second quarter, to approximately 2.4 times. Those figures show that the proceeds from the sale have been applied to the balance sheet, lowering the company's borrowing relative to its Earnings base.

Changes in leverage over the coming quarters will indicate how much of the reduction is tied to the divestiture and how much to ongoing cash generation.

Adjusted Results and Outlook

Adjusted net income of $22.7 million compares with a result that excluded the divestiture loss.

For the fourth fiscal quarter, the company expects net sales of $287 million to $313 million and adjusted EBITDA of $25 million to $30 million. The range reflects the continuing business after the Marucci sale, which removes that contribution from future comparisons.

Final Takeaways

Fox Factory's third fiscal quarter combined a large divestiture loss with a notable reduction in net debt. Adjusted results and the fourth quarter outlook provide a view of the continuing business without the sale's accounting effect. The coming periods will show how the company's Revenue and profitability develop without Marucci, and whether the leverage reduction supports the next phase of its plans.