WESTPORT, CT (BRAIN)—Fox Racing Shox second quarter revenue saw healthy gains, increasing $4.8 million—a 16.1 percent increase for the same time period in 2009.
The increase in net sales in Q2 is primarily attributable to increases in sales in the powered vehicle sector. Sales increases in the powered vehicles sector were largely due to increases in sales of suspension products to Ford Motor Company for use in its F-150 Raptor off-road pickup, and sales to ATV OEMs.
Net sales for the six months increased $17.4 million—a 34.9 percent increase compared over the same time period last year, the company said in a quarterly earnings report filed with the Security Exchange Commission.
The increase in net sales for six months is largely attributable to increases in sales in the mountain biking sector as well as increases in sales in the powered vehicles sector. Sales increases in the mountain biking sector were due to strong sales at the end of Fox’s prior model year compared to seasonally weak sales in 2009.
Income from operations for the six months increased approximately $4.7 million compared to the corresponding period in 2009.
Compass Diversified Holdings owns six other middle market businesses.