Fox Factory Holding Corp (FOXF) · Nov 5, 2026 · Earnings

Fox Factory earnings confirm weak sales despite debt reset

In line — Adjusted EBITDA ~$38.4M ex-refunds, within $38–42M preliminary range

Fox Factory’s earnings confirm the weak quarter previewed in October: sales fell sharply, while the Marucci sale materially reduced debt and leverage.

Fox Factory is in the middle of a portfolio reset: it has sold Marucci, is concentrating on its core performance-products businesses, and is trying to repair execution across supply chain, aftermarket upfits, and cost structure. The October 16 update had already warned that Q3 would land below the original outlook and that full-year guidance would be cut, so this filing mainly confirms rather than changes that standing story.

The quarter itself was broadly in line with the revised bar, not a fresh earnings surprise. Revenue was $338.4 million, within the previously disclosed preliminary range of $336 million to $340 million, while adjusted EBITDA was approximately $38.4 million excluding the roughly $12 million tariff refund, also within the preliminary $38 million to $42 million range. The reported $0.54 adjusted EPS looks well above the published ~$0.32 consensus, but that consensus was overtaken by the company’s October warning; the more relevant comparison is the already-public preliminary result.

	Q3 2026	Q3 2025	Revised expectation
Net sales (Financial Statements)	$338.4M (-10.1%)	$376.4M	$336–340M
Adjusted EPS (Adjusted Net Income table)	$0.54	$0.23	~$0.32
Adjusted EBITDA (Adjusted EBITDA table)	$50.4M (+13.5%)	$44.4M	$38–42M ex-refunds
Adjusted EBITDA margin (Adjusted EBITDA table)	14.9%	11.8%	—
Net debt (Balance Sheet / liquidity discussion)	$352.0M	—	$615.5M at Jan. 2, 2026

Underlying demand remains the problem. Total sales fell 10.1%, with Aftermarket Applications down 20.4% and Specialty Sports down 14.4%; the only growth engine was Powered Vehicles, up 4.1%, helped by a 28.8% increase in powersports demand. The company specifically cited chassis shortages, dealer and consumer pressure, channel destocking, order timing, and lost divestiture revenue.

The operating improvement is real but partly assisted by non-repeatable items. Adjusted operating expenses fell to $68.7 million from $85.7 million, and adjusted EBITDA margin improved to 14.9%, but EBITDA included an approximate $12 million benefit from IEEPA tariff refunds. The nine-month EBITDA total was still slightly below last year at $131.6 million versus $133.3 million, despite those refunds.

The Marucci sale materially strengthens the balance sheet, even as it shrinks reported revenue. Fox used roughly $200 million of sale proceeds to repay debt, cutting total debt by $270.3 million during the quarter and reducing net leverage to about 2.4x. That improves financial flexibility and lowers interest burden, but it is a cleanup action rather than evidence that the core businesses have returned to growth.

The company is still relying on execution and cost cuts to carry the recovery. Fox captured approximately $41 million of its targeted $50 million in gross savings through nine months, but most of those savings were offset by freight, commodities, and fuel inflation. The filing also keeps the door open to more asset rationalization, meaning the business is still being reshaped rather than operating from a stable base.

Bottom line: This filing confirms the October warning rather than delivering a new shock: the quarter met the lowered operational bar, but core sales remain weak. The meaningful improvement is balance-sheet repair from the Marucci sale, not a demonstrated return to durable organic growth.

What to watch next

Q4 results and permanent CEO search

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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Fox Factory earnings confirm weak sales despite debt reset

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