Quarterly report for Audiovox of Hauppauge
Audiovox Corp., Hauppauge
Supplier of consumer electronics systems
Quarter: Ended Nov. 30
Net income: Profit of $12.6 million, including a $9 million tax benefit, compared with profit of $6.5 million in the same period a year ago.
Net sales: $155.7 million compared with $195.6 million in the year-ago quarter.
Outlook: "We have taken aggressive steps to lower our overhead and improve margins, while managing our buying programs to position Audiovox for continued profitability in future periods," chief executive Patrick Lavelle said in a statement.
Company statement: "Through the first nine months of the year, we have been profitable despite lower sales volumes, which were anticipated and planned for given the current economic climate and the factors which impacted last year's results," Lavelle said.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
