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 Reports Q4, Year-End Results
Feb 14, 2005
 Printable format
 Email this Article
 Search

Audiovox Corporation announced results for its fiscal fourth quarter and full-year ended Nov. 30, 2004.

Audiovox reported fourth quarter net sales from continuing operations of $149.5 million, a 21.4-percnet decrease compared to $190.3 million reported in the same period of 2003. Net income for the fourth quarter was $66.3 million as compared to net income of $7.3 million in the fourth quarter of 2003.

Mobile electronics sales were $93.4 million, a decrease of 17.5 percent compared to the prior-year period. Consumer electronics sales were $56.1 million in the fourth quarter, down 27.1 percent compared to the 2003.

The company reported full-year net sales from continuing operations were $567.1 million. Mobile electronics sales for the year were $405.7 million, a 14.2-percent increase compared to 2003. Consumer electronics sales for 2004 were $161.4 million, a decrease of 0.3 percent compared to 2003. For the year, net income was $77.2 million versus net income of $11.2 million reported in fiscal 2003.

In fiscal 2005, Audiovox said it will focus its consumer electronics efforts on LCD TVs, digital multimedia portables, home theater, and new home speaker lines, and expects the lines to be key drivers to growth.

Based on current market conditions, the company said it anticipates fiscal year 2005 net sales to increase in the 3 percent to 8 percent range. For the first quarter of fiscal 2005, management has indicated that sales will be in the range of $118 to $122 million.

Back to Daily News

 

Daily News

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

Apr 22, 2014: Final Rule Establishes Refrigerator Testing

Apr 22, 2014: A Third of Homes Worldwide Could Have Networks by 2018

Apr 22, 2014: Appliance Category Industrial Output Up 2% in March

Apr 21, 2014: Final Commercial Refrigeration Rule Published

Apr 21, 2014: Elam Offers Android-Enabled Kitchen Interface

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