Fox Factory Holding Corp. (FOXF) Q3 2024 Earnings Conference Call Transcript Summary
Fox Factory Holding Corp. (FOXF) Q3 2024 Earnings Conference Call Transcript Summary
Net income for Q3 2024 was $4.8 million or $0.11 per diluted share, significantly lower compared to net income of $35.3 million or $0.83 per diluted share in the same quarter last year.The following is a summary of the Fox Factory Holding Corp. (FOXF) Q3 2024 Earnings Conference Call Transcript:
以下是Fox Factory控股公司(FOXF) 2024年第三季度業績電話會議交易記錄摘要:
Financial Performance:
金融業績：
Fox Factory reported Q3 2024 total consolidated net sales of $359.1 million, an 8.5% increase year-over-year.
Adjusted EBITDA was 42 million for the third quarter, with adjusted EBITDA margin at 11.7%, reflecting a decline from 19.2% last year, due to temporary challenges impacting volumes and fixed cost absorption.
Net income for Q3 2024 was $4.8 million or $0.11 per diluted share, significantly lower compared to net income of $35.3 million or $0.83 per diluted share in the same quarter last year.
Fox Factory報告2024年第三季度總合並淨銷售額爲35910萬美元，較去年同期增長8.5%。
調整後的EBITDA爲第三季度的4200萬美元，調整後的EBITDA利潤率爲11.7%，較去年的19.2%有所下降，這是由於暫時影響成交量和固定成本吸收能力的挑戰。
2024年第三季度淨利潤爲480萬美元，每股攤薄收益爲0.11美元，與去年同季度的淨利潤3530萬美元，每股攤薄收益0.83美元相比顯著下降。
Business Progress:
業務進展：
The bike segment showed significant growth, achieving a 22% sequential increase in Q3, contributing to the overall sales increase.
The acquisition of Marucci and continued expansion into the entry premium bike segment and MLB partnership are strategic moves to broaden the addressable market.
Aggressive cost management initiatives include the closure of a Colorado plant and inventory optimization efforts aimed at improving efficiency and positioning the business for 2025.
自行車板塊實現了顯著增長，在2024年第三季度實現了22%的環比增長，爲整體銷售額增長作出貢獻。
收購Marucci以及持續擴展進入高端自行車板塊和MLB合作伙伴關係是擴大可尋址市場的戰略舉措。
積極的成本管理舉措包括關閉科羅拉多工廠和優化庫存，旨在提高效率並使業務適應2025年。
Opportunities:
機會：
The company's diversification strategy across product lines, market segments, and geographies aims to enhance resilience in facing industry cyclicality and demand shifts.
New product launches and partnerships, such as the collaboration with Buell USA and CFMOTO, as well as the introduction of new aftermarket components, are expected to drive future growth and market expansion.
公司在產品線、市場細分和地理區域方面的多樣化戰略旨在增強面對行業週期性和需求變化的韌性。
新產品推出和與Buell USA和CFMOTO的合作，以及引進新的市售元件等合作伙伴關係，預計將推動未來增長和市場擴張。
Risks:
風險：
Substantial reductions in forecast by OEM partners and ongoing quality issues with automotive OEMs which are causing supply challenges and impacting volume commitments, affecting overall profitability.
Concerns about the soft consumer spending environment impacting discretionary purchases, evidenced by reduced demand at some dealer levels and affecting sales projections for upcoming quarters.
原始設備製造商（OEM）合作伙伴的大幅減少預測和汽車OEM的持續質量問題導致供應挑戰並影響成交量承諾，影響整體盈利能力。
對軟弱的消費環境影響非必要購買的擔憂，一些經銷商的需求下降證明了此情況，並影響了未來季度的銷售預測。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
