Voxx International Corporation., located in Hauppauge, said its net income...

Voxx International Corporation., located in Hauppauge, said its net income jumped 31 percent to $4.9 million, or 20 cents per share, in the second quarter. Credit: Handout

Despite lower sales, Voxx International Corp. said its second-quarter profits rose sharply as the company's bottom line was boosted by legal settlements.

The Hauppauge manufacturer's sales of car stereos and other electronics slipped to $183.8 million during the three months ended in August, down 4 percent from the same period last year. The results fell short of the expectations of analysts, who had forecast sales of $185 million.

Net income, however, jumped 31 percent to $4.9 million, or 20 cents per share. That increase stemmed in part from $4 million the company received related to the Circuit City bankruptcy case and other legal settlements.

"We are anticipating a strong second half based on several new product launches across all three of our business segments," Voxx president and chief executive Patrick Lavelle said.

NewsdayTV goes behind the scenes of the Gilgo Beach investigation, revealing the shocking findings in the year since the arrest of Rex Heuermann. NewsdayTV's Ken Buffa reports.

Unearthing a suspect: The Gilgo Beach killings NewsdayTV goes behind the scenes of the Gilgo Beach investigation, revealing the shocking findings in the year since the arrest of Rex Heuermann. NewsdayTV's Ken Buffa reports.

NewsdayTV goes behind the scenes of the Gilgo Beach investigation, revealing the shocking findings in the year since the arrest of Rex Heuermann. NewsdayTV's Ken Buffa reports.

Unearthing a suspect: The Gilgo Beach killings NewsdayTV goes behind the scenes of the Gilgo Beach investigation, revealing the shocking findings in the year since the arrest of Rex Heuermann. NewsdayTV's Ken Buffa reports.

Latest Videos

YOU'VE BEEN SELECTED

FOR OUR BEST OFFER ONLY 25¢ for 5 months

Unlimited Digital Access.

cancel anytime.