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Fox Factory Holding Corp. Announces First Quarter Fiscal 2021 Financial Results investor.ridefox.com/press-releases/news-details/2021/Fox-Factory-Holding-Corp.-Announces-First-Quarter Fiscal - 2021 - Financial - Results / default.aspx Achieves Record First Quarter Sales of $ 281.1 Million Reports Earnings per Diluted Share of $ 0.90 Reports Adjusted Earnings per Diluted Share of $ 1.05 First Quarter Fiscal 2021 Highlights • Sales increased 52.5 % to $ 281.1 million , compared to $ 184.4 million in the same period last fiscal year • Gross margin increased 410 basis points to 34.8 % , compared to 30.7 % in the same period last fiscal year ; non - GAAP adjusted gross margin increased 410 basis points to 35.0 % compared to 30.9 % in the same period last fiscal year • Net income attributable to FOX stockholders was $ 38.0 million , or 13.5 % of sales and $ 0.90 of earnings per diluted share , compared to $ 8.3 million , or 4.5 % of sales and $ 0.21 of earnings per diluted share in the same period last fiscal year • Non - GAAP adjusted net income was $ 44.5 million , or $ 1.05 of adjusted earnings per diluted share , compared to $ 20.5 million , or $ 0.52 of adjusted earnings per diluted share in the same period last fiscal year Adjusted EBITDA was $ 60.4 million , or 21.5 % of sales , compared to $ 31.3 million , or 17.0 % of sales in the same period last fiscal year " Fox Factory delivered a third consecutive quarter of record sales . Our team continues to execute at the highest level , despite the meaningful supply chain challenges which exist across our business . Our performance in the first quarter displays the tenacity and adaptability of the superb team we are building at FOX , " commented Mike Dennison , FOX's Chief Executive Officer . " I remain optimistic about our prospects in 2021 and beyond as we expect to continue to deliver impressive growth in a dynamic business environment . " Sales for the first quarter of fiscal 2021 were $ 281.1 million , an increase of 52.5 % as compared to sales of $ 184.4 million in the first quarter of fiscal 2020. This increase in sales reflects an 85.5 % increase in Specialty Sports Group sales , and a 35.0 % increase in Powered Vehicles Group sales . The increase in Specialty Sports Group products is primarily driven by increased demand in both the original equipment manufacturer ( " OEM " ) and aftermarket channels . The increase in Powered Vehicles Group sales is primarily due to the aftermarket channel , including SCA , which was acquired in March 2020 . Gross margin was 34.8 % for the first quarter of fiscal 2021 , a 410 basis point increase from gross margin of 30.7 % in the first quarter of fiscal 2020. Non - GAAP adjusted gross margin increased 410 basis points to 35.0 % from the same prior fiscal year period , 1/14