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Fox Factory Holding Corp profit misses consensus by 26.0% in fiscal Q1

Fox Factory Holding Corp. said its normalized net income for the fiscal first quarter ended April 1 came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS rose 42.6% year over year from 7 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.9 million, a gain of 42.3% from $2.7 million in the first quarter ended March 31, 2015.

The normalized profit margin increased to 5.2% from 4.0% in the year-earlier period.

Total revenue increased 18.3% on an annual basis to $80.2 million from $67.8 million, and total operating expenses rose 15.2% from the prior-year period to $72.7 million from $63.1 million.

Reported net income increased on an annual basis to $3.4 million, or 9 cents per share, from $758,820, or 2 cents per share.