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Voxx doubles net income

Patrick Lavelle, president and chief executive of Audiovox,

Patrick Lavelle, president and chief executive of Audiovox, of Hauppauge, an electronics products distributor. (June 2010) (Credit: Newsday, 2010)

Voxx International Corp., a Hauppauge automotive and consumer electronic-products maker, reported that net income more than doubled to $8.9 million in its fiscal third quarter, which ended Nov. 30. Sales rose 27 percent to $206.8 million. For the nine months, net income also more than doubled — to $14.8 million. Sales in that period rose 25 percent to $530.5 million.

“The holiday season is over, and while not overly robust, there was a pick up in certain categories, which should continue into our fourth fiscal quarter,” the company’s president and chief executive, Pat Lavelle, said in a statement.

Voxx recently changed its named from Audiovox.

Photo shows Pat Lavelle.

Tags: Voxx , audiovoxx

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