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 Announces Net Sales Increase
Jun 6, 2003
 Printable format
 Email this Article
 Search

Audiovox Corporation today announced that net sales for the first quarter of fiscal 2003 amounted to U.S. $296.8 million. This is an increase of $112.5 million from the net sales reported for the same period last year. According to the company, first-quarter net sales for Audiovox Communications Corp. were $216.6 million compared to $113.0 million for the first quarter of fiscal 2002. Net sales for Audiovox Electronics Corp. were reported at $80.3 million.

According to the company, net income was $1.2 million, resulting in income per common share of $0.06 basic and $0.05 diluted.

John J. Shalam, chairman of Audiovox Corporation, commented, "I am pleased to report that sales in both our operating subsidiaries increased during the first quarter and the company returned to profitability…In our electronics group, new products in the mobile video category fueled growth. Two days ago, we announced the acquisition of Recoton's audio assets, which we believe will add to our market share as we leverage the well known Jensen, Acoustic Research, and Advent brands to increase sales and penetration."

Back to Daily News

 

Daily News

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

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows