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Audiovox Reports Electronic Sales Increase
May 15, 2009
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Audiovox Corp. reported that net sales for the 2009 fiscal year ended Feb. 28, 2009 were US$603.1 million, an increase of approximately $11.7 million or 2.0%, as compared to net sales of $591.4 million reported for the 2008 fiscal year ended Feb. 29, 2008.

Electronics sales, which include both mobile and consumer electronics, were $449.4 million in fiscal 2009, an increase of 2.8%. The company said the increase was primarily related to higher sales of consumer electronics products, particularly new product categories under the RCA brand, increases in the company's OEM business and, in its International operations in Venezuela and Mexico as compared to the prior year. Mobile electronics products were lower, however. Electronics represented 74.5% of sales in fiscal 2009 as compared to 73.9% in the comparable fiscal year period.

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