Profile
Sector:
TechnologyIndustry:
Consumer ElectronicsCountry:
United StatesIPO:
16 March 1992Website:
http://www.voxxintl.comNext earnings report:
10 July 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 5 min agoDividend
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VOXX Latest News
VOXX International Corporation (VOXX) Q3 2024 Earnings Call Transcript
VOXX International Corporation (NASDAQ:VOXX ) Q2 2024 Earnings Conference Call October 11, 2023 10:00 AM ET Company Participants Glenn Wiener - Investor Relations, GW Communications Pat Lavelle - Chief Executive Officer Michael Stoehr - Senior Vice President and Chief Financial Officer Conference Call Participants Tom Forte - D.A. Davidson Operator Good day, and thank you for standing by.
Last month, VOXX International Corporation reported weak Q1/FY2024 results with sales, margins, and profitability challenged by changing retail consumer consumption patterns post-COVID. Even worse, management does not expect the business environment to improve anytime soon and abstained from reiterating previous projections for a return to growth in the second half of FY2024. Adding insult to injury, a previous $39.4 million arbitration award against the company has recently been confirmed by the United States District Court.
Company finished FY2023 on a weak note with both sales and profitability down on a quarter-over-quarter and year-over-year basis. Pronounced weakness in the company's automotive aftermarket and premium audio products have been the main drivers behind the disappointing performance. While VOXX managed to generate some cash in the fourth quarter, full-year free cash flow was negative by a whopping $41.8 million.
What type of business is VOXX International?
VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats. The company's Consumer Electronics segment provides speakers; home theater, business music, and streaming music systems; on-ear and in-ear headphones; wired and wireless headphones and ear buds; Bluetooth headphones and ear buds; soundbars; digital living network alliance compatible devices; high-definition television and wireless fidelity antennas; high-definition multimedia interface accessories; karaoke and infant/nursery products; home electronic accessories, such as cabling and power cords; other connectivity products; performance enhancing electronics; TV universal remotes; flat panel TV mounting systems; power supply systems and charging products; electronic equipment cleaning products; personal sound amplifiers; set-top boxes; and home and portable stereos. Its Biometrics segment offers iris identification and biometric security related products. The company was formerly known as Audiovox Corporation and changed its name to VOXX International Corporation in December 2011. VOXX International Corporation was founded in 1960 and is headquartered in Orlando, Florida.
What sector is VOXX International in?
VOXX International is in the Technology sector
What industry is VOXX International in?
VOXX International is in the Consumer Electronics industry
What country is VOXX International from?
VOXX International is headquartered in United States
When did VOXX International go public?
VOXX International initial public offering (IPO) was on 16 March 1992
What is VOXX International website?
https://www.voxxintl.com
Is VOXX International in the S&P 500?
No, VOXX International is not included in the S&P 500 index
Is VOXX International in the NASDAQ 100?
No, VOXX International is not included in the NASDAQ 100 index
Is VOXX International in the Dow Jones?
No, VOXX International is not included in the Dow Jones index
When does VOXX International report earnings?
The next expected earnings date for VOXX International is 10 July 2024