Fox Factory Holding Corp. to Attend the California Trucking Show in Ontario, CA October 20-21, 2018
September 13 2018 - 4:05PM
Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”)
today announced that it will be formally introducing its Long Haul
suspension for semi-tractors at the California Trucking Show in
Ontario, CA October 20 – 21, 2018.
“We are pleased to announce that we’ll be at the California
Trucking Show with our new Long Haul suspension product,” stated
John Marking, Commercial and Specialty Products Division President
at FOX. “We’re excited about this new product category and Long
Haul’s potential to redefine the performance, comfort, safety, and
lower maintenance costs for independent semi-tractor drivers and
commercial fleet companies.”
About Fox Factory Holding Corp. (NASDAQ:
FOXF)
Headquartered in Scotts Valley, CA, Fox Factory
Holding Corp. (the "Company") 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, and motorcycles. The Company is a direct supplier to
leading power vehicle original equipment manufacturers ("OEMs").
Additionally, the Company supplies top bicycle OEMs and their
contract manufacturers, and provides aftermarket products to
retailers and distributors.
FOX and Long Haul are registered trademarks of Fox Factory,
Inc. NASDAQ Global Select Market is a registered trademark of
The NASDAQ OMX Group, Inc. All rights reserved.
Cautionary Note Regarding
Forward-Looking Statements
Certain statements in this press release may be
deemed to be forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The Company
intends that all such statements be subject to the “safe-harbor”
provisions contained in those sections. Forward-looking statements
generally relate to future events or the Company’s future financial
or operating performance. In some cases, you can identify
forward-looking statements because they contain words such as
“may,” “might,” “will,” “would,” “should,” “expect,” “plan,”
“anticipate,” “could,” “intend,” “target,” “project,”
“contemplate,” “believe,” “estimate,” “predict,” “likely,”
“potential” or “continue” or other similar terms or expressions and
such forward-looking statements include, but are not limited to,
statements about the Company’s continued growing demand for its
products, the Company’s execution on its strategy to improve
operating efficiencies, the Company’s optimism about its operating
results and future growth prospects, the Company’s belief that its
acquisition of Toxoholics GmbH provides FOX with a proven
understanding of the European market for FOX products and offers it
an accelerated path for improving customer service and customer
relations in Europe as well as opportunities for future expansion
of FOX’s European operations and infrastructure; the Company’s
expected future sales and future earnings per share, and any other
statements in this press release that are not of a historical
nature; Company’s belief that its acquisition of the assets of
Sport Truck will enhance the Company’s operations. Many important
factors may cause the Company’s actual results, events or
circumstances to differ materially from those discussed in any such
forward-looking statements, including but not limited to: the
Company’s ability to incorporate Sport Truck into its current
business; the Company’s ability to improve operating and supply
chain efficiencies; the Company’s future financial performance,
including its sales, cost of sales, gross profit or gross margins,
operating expenses, ability to generate positive cash flow and
ability to maintain profitability; factors which impact the
calculation of the weighted average number of diluted shares of
common stock outstanding, including the market price of the
Company’s common stock, grants of equity-based awards and the
vesting schedules of equity-based awards; the Company’s ability to
develop new and innovative products in its current end-markets and
to leverage its technologies and brand to expand into new
categories and end-markets; the Company’s ability to increase its
aftermarket penetration; the possibility that the Company could
experience a disruption in its planned transition of the majority
of the Company’s mountain bike manufacturing operations to Taiwan
or unexpected difficulties in connection with such transition; the
possibility that the Company may not be able to accelerate its
international growth; the Company’s ability to maintain its premium
brand image and high-performance products; the Company’s ability to
maintain relationships with the professional athletes and race
teams that it sponsors; the possibility that the Company may not be
able to selectively add additional dealers and distributors in
certain geographic markets; the overall growth of the markets in
which the Company competes, the Company’s expectations regarding
consumer preferences and its ability to respond to changes in
consumer preferences; changes in demand for high-end suspension and
ride dynamics products; the Company’s ability to successfully
identify, evaluate and manage potential acquisitions and to benefit
from such acquisitions; future economic or market conditions; and
the other risks and uncertainties described in “Risk Factors”
contained in its Annual Report on Form 10-K or Quarterly Reports on
Form 10-Q or otherwise described in the Company’s other filings
with the Securities and Exchange Commission. New risks and
uncertainties emerge from time to time and it is not possible for
the Company to predict all risks and uncertainties that could have
an impact on the forward-looking statements contained in this press
release. In light of the significant uncertainties inherent in the
forward-looking information included herein, the inclusion of such
information should not be regarded as a representation by the
Company or any other person that the Company’s expectations,
objectives or plans will be achieved in the timeframe anticipated
or at all. Investors are cautioned not to place undue reliance on
the Company’s forward-looking statements and the Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
CONTACT:ICRKatie
Turner646-277-1228Katie.Turner@icrinc.com
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