VOXX Int'l (VOXX) Reports In-Line Q1 EPS

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VOXX International Corporation Reports Fiscal 2016 First Quarter Financial Results

July 9, 2015 4:15 PM EDT

HAUPPAUGE, N.Y., July 9, 2015 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), today announced financial results for its Fiscal 2016 first quarter ended May 31, 2015. 

Net sales for the Fiscal 2016 first quarter were $164.4 million compared to $187.0 million reported in the comparable year-ago period, a decline of $22.5 million or 12.1%.  The majority of the decline was related to foreign exchange as the Euro conversion accounted for $14.0 million, and approximately $5.0 million was related to the sale of its distribution business in Mexico, which occurred in the fiscal 2015 first quarter.  The remainder was... More