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Stock impact report

VOXX International Corporation Reports Its Fiscal 2019 Third Quarter Financial Results

VOXX International Corporation - Class A (VOXX) 
Last voxx international corporation - class a earnings: 7/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.voxxintl.com/investor-relations
Company Research Source: PR Newswire
ORLANDO, Fla., Jan. 9, 2019 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for global markets, today announced its financial results for its Fiscal 2019 third quarter and nine-months ended November 30, 2018. Pat Lavelle, President and CEO of VOXX International Corporation stated, "The steps we have and continue to take to improve gross margins and lower expenses resulted in a modest improvement in operating income, despite a $27 million reduction in sales. We have begun taking aggressive actions to restructure our Consumer Accessories segment and realign our international Premium Audio segment; actions we believe will result in a stronger and more profitable company going forward. We are focusing R&D resources to develop unique product solutions that will help VOXX expand sales in new and growing categories. Further, our balance sheet continues to improve as evidenced by the increase in our Show less Read more
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