Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Audiovox Posts Profit
Jul 13, 2009
 Printable format
 Email this Article
 Search

Audiovox Corp. announced lower net sales and a modest profit for the quarter, ended May 31. Net sales for the fiscal 2010 first quarter fell 17.1% to US$119.8 million, from $144.6 million in the prior-year period. Net income rose to $0.5 million, compared with a net loss of $5.2 million in the same quarter last year.

Electronics sales, including car and general consumer electronics, fell 30.5% due to Audiovox's exit from flat-screen TV, portable GPS and GMRS two-way radios. Sales fell to $79 million, down from $113.7 million last year, also due to the recession's impact on automobile sales.

However, the company saw sales increases in select consumer electronics product lines and in satellite radio. Audiovox assumed the role of primary Sirius satellite-radio distributor (adding to its role as primary XM distributor) early in calendar 2009. Electronics represented nearly 70% of net sales in the quarter, compared with 78.7% a year ago.

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows