Audiovox Reports FY2008 3Q and 9-Month Results
Jan 10, 2008
 Print this page

Audiovox Corp. announced results for its fiscal 2008 third quarter and nine months ended Nov. 30, 2007. The company reported net sales for the fiscal 2008 third quarter of US$183.6 million, an increase of 20.9% compared to $151.8 million reported in the comparable prior year quarter. Operating income for the three months ended Nov. 30, 2007 was $5.6 million, an increase of 229.4% compared to $1.7 million reported in the comparable prior year period. Pre-tax income from continuing operations for the fiscal 2008 third quarter was $6.7 million, an increase of $3.6 million or 116.1%, compared to $3.1 million in the fiscal 2007 third quarter.

Electronics sales, which include both mobile and consumer electronics were $139.0 million, a decrease of 6.3% compared to the three-month period ended Nov. 30, 2006. The decrease was due to a decline in consumer electronics sales as a result of lower holiday sales than anticipated and LCD panel shortages. Accessories sales were $44.6 million, an increase of over 1,139% compared to sales of $3.6 million in the fiscal 2007 third quarter.  

   

Back to Breaking News