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Last $8.55 USD
Change Today -0.03 / -0.35%
Volume 126.9K
As of 4:30 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

voxx international corp (VOXX) Snapshot

Open
$8.56
Previous Close
$8.58
Day High
$8.68
Day Low
$8.47
52 Week High
09/15/14 - $11.55
52 Week Low
10/15/14 - $6.55
Market Cap
206.6M
Average Volume 10 Days
179.1K
EPS TTM
$0.43
Shares Outstanding
21.9M
EX-Date
--
P/E TM
19.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for VOXX INTERNATIONAL CORP (VOXX)

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voxx international corp (VOXX) Details

VOXX International Corporation, together with its subsidiaries, operates as a manufacturer and distributor in the automotive, premium audio, and consumer accessories industries in the United States and internationally. The company’s Automotive segment designs, manufactures, distributes, and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital TV tuners, mobile antennas, mobile multimedia devices, aftermarket/OE-styled radios, car-link smartphone telematics application, collision avoidance systems, and location-based services. The Premium Audio segment designs, manufactures, distributes, and markets home theater systems, high-end loudspeakers, outdoor speakers, iPod/computer speakers, business music systems, cinema speakers, flat panel speakers, Bluetooth speakers, soundbars, headphones, and digital living network alliance compatible devices. The Consumer Accessories segment designs and markets remote controls; rechargeable battery packs; wireless and Bluetooth speakers; and personal sound amplifiers and iPod docks/iPod sound, A/V connectivity, portable/home charging, and reception and digital consumer products. VOXX International Corporation markets its products to power retailers, mass merchants, regional chain stores, specialty and Internet retailers, independent 12 volt retailers, distributors, new car dealers, vehicle manufacturers, vehicle and transportation equipment manufacturers, system integrators, communication network providers, smart grid manufacturers, military, cinema operators, sporting goods equipment retailers, and cell phone carriers under the Audiovox brand name, as well as other brand names and licensed brands. 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 Hauppauge, New York.

2,100 Employees
Last Reported Date: 05/14/15
Founded in 1960

voxx international corp (VOXX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $400.0K
Chief Executive Officer of Klipsch Group Inc ...
Total Annual Compensation: $500.0K
President of Global Sales for KGI
Total Annual Compensation: $400.0K
President of Voxx Electronics Corp
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2014.

voxx international corp (VOXX) Key Developments

Voxx Announces Sales Results for the Fourth Quarter Ended February 28, 2015

Voxx announced sales results for the fourth quarter ended February 28, 2015. Sales fell by about $17 million in its fourth quarter ended Feb. 28, 2015, from the year-ago quarter, but taking the weaker euro into account, sales fell $8 million, of which half were sales lost in the West Coast ports closures.

VOXX International Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2015; Provides Earnings Guidance for the First Quarter of the Year 2016

VOXX International Corporation announced consolidated earnings results for the fourth quarter full year ended February 28, 2015. Net sales for the fiscal 2015 fourth quarter were $169.9 million compared to $187.1 million reported in the comparable year-ago period, a decline of $17.2 million or 9.2%. Net sales were primarily impacted by four major factors: the Euro conversion, the West Coast port closure, the change in the Company's Mexico distribution model, and domestic sales that were negatively impacted by poor weather. The company reported a net loss of $14.4 million for the quarter or a loss of $0.60 per diluted share versus a net loss of $49 million or $0.021 - $2.01 per share in last year's fourth quarter. The company had an EBITDA loss of $6.2 million compared to a loss of $53.4 million. On an adjusted basis, EBITDA was $5.2 million versus $3.8 million. For the year, the company reported net sales of $757,498,000 compared to $809,709,000 a year ago. Operating income was $16,594,000 compared to operating loss of $37,375,000 a year ago. Income from operations before income taxes was $696,000 compared to loss from operations before income taxes of $26,655,000 a year ago. Net loss was $942,000 or $0.04 per basic and diluted share compared to $26,597,000 or $1.10 per basic and diluted share a year ago. EBITDA was $23,112,000 compared to LBITDA of $3,078,000 a year ago. Adjusted EBITDA was $41,467,000 compared to $46,487,000 a year ago. Diluted adjusted EBITDA per common share was $1.70 compared to $1.93 a year ago. CapEx, with the addition of the planned investments in Orlando OEM facility, came in at $17.1 million for the year. The company generated free cash flow of $15 million for this year. For the first quarter of 2016 outlook, the company projecting sales of $168 million versus $187 million in last year's first quarter. Gross margins for the quarter should come in around 28%, building up throughout the year, consistent with prior years. And operating expenses are expected to be around $48 million. This should give an operating loss of approximately $700,000 to $800,000 for the quarter, but that is within plan. The company expects operations to be profitable in each subsequent quarter this year.

VOXX International Corporation to Report Fiscal Year 2015 Results on May 13, 2015

VOXX International Corporation announced that they will report fiscal year 2015 results at 5:00 PM, Eastern Standard Time on May 13, 2015

 

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Industry Analysis

VOXX

Industry Average

Valuation VOXX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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