VOXX Int'l (VOXX) Posts Q4 Loss of 60c/Share

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Go back to VOXX Int'l (VOXX) Posts Q4 Loss of 60c/Share

VOXX International Corporation Reports Fiscal 2015 Financial Results

May 13, 2015 4:56 PM EDT

HAUPPAUGE, N.Y., May 13, 2015 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), today announced financial results for its Fiscal 2015 fourth quarter and year-ended February 28, 2015. 

Fourth Quarter Results (three months ended February 28, 2015 and February 28, 2014)

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... More