Voxx doubles net income
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.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
