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FOX FACTORY HOLDING CORP.

(FOXF)
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Fox Factory Invests Initial $500,000 In Trail Trust To Deliver Sustainable Adventure To All

11/30/2021 | 06:01am EST

DULUTH, Ga., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Fox Factory, maker of premium performance products that are an integral part of outdoor adventuring, embarks on a new journey today with the launch of its signature community investment program, Trail Trust.

Together with nonprofit partners worldwide, Trail Trust aims to deliver sustainable adventure to everyone. This means promoting the conscientious use of land amongst outdoor enthusiasts and protecting our shared playgrounds. It also requires expanding opportunities within the outdoor sporting industry, diversifying the populations that participate in cycling and power sports — because everyone deserves the thrill of adventure.

“Trail Trust represents Fox Factory’s commitment to the future and plays a pivotal role in activating the Planet Pillar of our Fox Factory Frontiers sustainability strategy. This is the beginning of our pursuit of a future where people and planet come first, and where adventure is never done,” said Jackie Martin, FOX Chief Purpose and Inclusion Officer. “We’re in a unique position to do more to positively impact the environments where we live, work and play — both from a responsible and safe land use perspective as well as connecting people of all backgrounds and abilities to the outdoors.”

As part of this launch, FOX has already awarded approximately $500,000 in Trail Trust funding to over 20 outdoor organizations including Grow Cycling Foundation, Santa Cruz Mountains Trail Stewardship, Catalyst Sports, and Tread Lightly! to name a few. 

“Being a part of Trail Trust means removing physical and social barriers to allow more access for more people,” said Eric Gray, founder and executive director of Catalyst Sports. “With FOX’s support, we have been able to provide hundreds of individuals with disabilities the first-time experience of accessing trails and nature like never before.” 

How to Apply

Trail Trust program information, eligibility criteria, and the application form can be found at www.trailtrust.com. Applications are accepted on a rolling basis and are evaluated quarterly by the Trail Trust review committee.

For specific questions about the Trail Trust initiative, email giving@ridefox.com.

About FOX

FOX is committed to integrating sustainability throughout the company’s business operations and community impact programs. Trail Trust is one of many initiatives aligned with the company’s new Environmental, Social and Governance program. For more information on its ESG roadmap, go here.

Fox Factory Holding Corp. designs and manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. The company is a direct supplier to leading powered vehicle original equipment manufacturer parts. Additionally, the company supplies top bicycle OEMs and their contract manufacturers as well as provides aftermarket products to retailers and distributors.

Media kit: https://www.dropbox.com/sh/pkvgt0brain7hty/AABrkpHYdOUTJUBT2w_6ctHla?dl=0


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Financials (USD)
Sales 2021 1 287 M - -
Net income 2021 167 M - -
Net Debt 2021 119 M - -
P/E ratio 2021 36,2x
Yield 2021 -
Capitalization 5 661 M 5 661 M -
EV / Sales 2021 4,49x
EV / Sales 2022 3,93x
Nbr of Employees 3 870
Free-Float 97,6%
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Number of Analysts 9
Last Close Price 142,38 $
Average target price 190,14 $
Spread / Average Target 33,5%
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Michael C. Dennison Chief Executive Officer & Director
Scott R. Humphrey Chief Financial Officer & Treasurer
Dudley W. Mendenhall Chairman
Paul W. Stecher Chief Information Officer
Toby D. Merchant Secretary, Chief Legal & Compliance Officer
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