World Sports Competition

Fox Factory Holding Corp. Reports First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
Element, Acceleration, Marucci, PVG, World Sports Competition, Security (finance), SSG, Original equipment manufacturer, Disclosure, Engineering, Regulation Fair Disclosure, Fox Factory, Acquisition, EPS, Regulation, Sport, ID, AAG, Growth

DULUTH, Ga., May 02, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, today reported financial results for the first fiscal quarter ended March 29, 2024.

Key Points: 
  • DULUTH, Ga., May 02, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, today reported financial results for the first fiscal quarter ended March 29, 2024.
  • Gross margin was 30.9% for the first quarter of fiscal 2024, a 240 basis point decrease from gross margin of 33.3% in the first quarter of fiscal 2023.
  • Adjusted EBITDA in the first quarter of fiscal 2024 was $40.4 million, compared to $79.2 million in the first quarter of fiscal 2023.
  • Adjusted EBITDA margin in the first quarter of fiscal 2024 was 12.1%, compared to 19.8% in the first quarter of fiscal 2023.

Mayville Engineering Company Announces Definitive Agreement to Acquire Mid-States Aluminum Corp.

Retrieved on: 
Tuesday, June 20, 2023
Machine Tools, Metalworking & Metallurgy, Engineering, Other Natural Resources, Manufacturing, Natural Resources, Other Manufacturing, World Sports Competition, Aluminium, Original equipment manufacturer, Construction, Reddy, MEC, Battery electric vehicle, Transport, EBITDA, Acquisition, MSA, Commercial vehicle, Access, Growth, MBX, NYSE, Sunbeam Commercial Vehicles, Retail, 3D printing, Bookkeeping, Agriculture, Adjustment

Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced a definitive agreement to acquire privately held Mid-States Aluminum Corp. (“MSA”) for a total consideration of approximately $96 million, subject to customary adjustments.

Key Points: 
  • Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced a definitive agreement to acquire privately held Mid-States Aluminum Corp. (“MSA”) for a total consideration of approximately $96 million, subject to customary adjustments.
  • MSA offers value-added services that include design, engineering, extrusions, fabrication, anodizing and finishing, assembly, and packaging.
  • For nearly 60 years, MSA has served major OEMs in the Building and Construction, Recreational, Medical, Agriculture, Transportation and other diverse end-markets.
  • MSA operates two state-of-the-art facilities, both in Fond du Lac, Wisconsin, that include approximately 325,000 square-feet of manufacturing space.