Fox Racing Shox saw revenue and net income increases in its most recent quarter, according to a financial report.
Fox Racing reported revenues of $30.6 million for its fourth quarter compared to a pro forma $30 million in the prior-year period.
Compass Diversified Holdings, which purchased Fox Racing last year, said the increase in revenue is due to an increase in sales in the company’s OEM bicycle and powersports divisions, as well as growth in its aftermarket sales.
Fox Racing’s income was $1.3 million compared to a loss of $300,00 for the prior-year quarter.
For more on Fox Racing Shox’s financial year, see an upcoming issue of Powersports Business.