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Stock impact report

VOXX International Corporation Reports Its Fiscal 2019 Year-End Financial Results; Provides Updates On Corporate Realignment And Fiscal 2020 Plans

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., May 14, 2019 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced financial results for its Fiscal 2019 fourth quarter and year ended February 28, 2019. The Company also provided updates on its corporate realignment program and other material updates related to its business operations and outlook.Commenting on the Company's year-end results, Pat Lavelle, President and Chief Executive Officer of VOXX International stated, "In Fiscal 2019, we took actions to gradually exit product categories and product lines in our Consumer Accessories segment, which was the bulk of the year-over-year sales decline. We also made a decision to limit distribution in our Premium Audio Group. As anticipated, Automotive segment sales increased over Fiscal 2018, driven by new OEM programs for our rear-seat entertainment systems and growth in the OEM remote start busi Show less Read more
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