Fox Factory Holding Corp. (NASDAQ:FOXF) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET

Company Participants

Vivek Bhakuni - Investor Relations

Mike Dennison - Chief Executive Officer

Maggie Torres - Interim Chief Financial Officer and Interim Treasurer

Conference Call Participants

Larry Solow - CJS Securities

Jim Duffy - Stifel

Michael Swartz - Truist Securities

Bret Jordan - Jefferies

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Fox Factory Holding Corporation’s First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this conference is being recorded. I’d now like to turn the conference over to your host, Vivek Bhakuni, Senior Director of Investor Relations and Business Development. Thank you, sir. You may begin.

Vivek Bhakuni

Thank you. Good afternoon and welcome to Fox Factory’s first quarter 2023 earnings conference call. I am joined today by Mike Dennison, our Chief Executive Officer and Maggie Torres, our Interim Chief Financial Officer and Interim Treasurer. First, Mike will provide business updates, then Maggie will review the quarterly financial results and then the outlook, followed by closing remarks from Mike. We will then open the call up for your questions.

By now, everyone should have access to the earnings release, which went out today at approximately 4:05 Eastern Time. If you have not had a chance to review the release, it’s available on the Investor Relations portion of our website at investor.ridefox.com. Please note that throughout this call, we will refer to Fox Factory as FOX or the Company.

Before we begin, I would like to remind everyone that the prepared remarks contain forward-looking statements and management may make additional forward-looking statements in response to your questions. Such statements involve a number of known and unknown uncertainties, many of which are outside the company’s control and can cause future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors and risks that could cause or contribute to such differences are detailed in the company’s latest Form 10-Q and in the Annual Report on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the company undertakes no obligation to update any forward-looking or other statements herein whether as a result of new information, future events or otherwise.

In addition, where appropriate in today’s prepared remarks and within our earnings release, we will refer to non-GAAP financial measures to evaluate our business, as we believe these are useful metrics that better reflect the performance of our business on an ongoing basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are included in today’s press release, which has also been posted on our website.