VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products; satellite radios; smart phone telematics applications; automotive security, vehicle access, and remote start systems; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats. The company's Consumer Electronics segment provides speakers; home theater, business music, and streaming music systems; on-ear and in-ear headphones; wired and wireless headphones and ear buds; Bluetooth headphones and ear buds; soundbars; digital living network alliance compatible devices; high-definition television and wireless fidelity antennas; high-definition multimedia interface accessories; karaoke and infant/nursery products; home electronic accessories; other connectivity products; performance enhancing electronics; TV universal remotes; flat panel TV mounting systems; power supply systems and charging products; electronic equipment cleaning products; personal sound amplifiers; set-top boxes; and home and portable stereos. Its Biometrics segment offers iris identification and biometric security related products. The company was formerly known as Audiovox Corporation and changed its name to VOXX International Corporation in December 2011. VOXX International Corporation was founded in 1960 and is headquartered in Orlando, Florida.
IPO Year:
Exchange: NASDAQ
Website: voxxintl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/13/2022 | $10.00 | Outperform → In-line | Imperial Capital |
| 11/4/2021 | $15.00 | Outperform | Imperial Capital |
| 6/30/2021 | $21.00 | Buy | DA Davidson |
ORLANDO, Fla., Jan. 10, 2025 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, along with strategic joint ventures including biometrics, today announced it has filed a Form 12b-25 with the U.S. Securities and Exchange Commission ("SEC"), as the Company will be late in filing its Quarterly Report on Form 10-Q for the quarter ended November 30, 2024 (the "Form 10-Q"). The delay is principally caused by the Company's determination that it is necessary to test its goodwill, other intangible assets, and other long-lived assets for impairment as a result of the Company's previously a
Transaction Implies 163% Premium Over the Unaffected Stock Price Prior to the August 27, 2024 Announcement that the Board was exploring Strategic Alternatives ORLANDO, Fla., Dec. 18, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX) ("VOXX" or the "Company"), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, as well as strategic joint ventures including biometrics, today announced that VOXX and Gentex Corporation (NASDAQ:GNTX) ("Gentex") have entered into a definitive agreement and plan of merger ("Merger Agreement") for Gentex to acquire VOXX in an all-cash transaction. Under the terms of the Merger Agreement, Gentex will
ZEELAND, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today announced that Gentex and VOXX International Corporation (NASDAQ:VOXX) have entered into a definitive agreement and plan of merger for Gentex to acquire VOXX in an all-cash transaction. Under the terms of the agreement, Gentex will acquire all the issued and outstanding shares of VOXX common stock not already owned by Gentex for a purchase price of $7.50 per share. The transaction is subject to approval of VOXX's shareholders, certain regulatory approvals and other customary closing conditi
Sales through the first half of Fiscal 2025 declined ~18%, gross margin increased 120 basis points and operating expenses improved by over 15%Company sells its domestic accessory business and select, non-core assets for ~$28 million and completes Florida real estate sale transaction in Fiscal 2025 third quarter for $20 millionRestructuring programs generating anticipated savings, and are expected to have a positive impact on Fiscal 2025 second half resultsOver $50 million in debt reduction since year-end, bringing total debt to under $20 million as of today, with total net debt under $15 millionCompany continues to execute on its restructuring plan and strengthen its balance sheet, while pur
ORLANDO, Fla., Oct. 3, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2025 second quarter and six month results for the period ended August 31, 2024, on Thursday, October 10, 2024, after the market closes. The Company will then be hosting a conference call and webcast to discuss its results and business operations on Friday, October 11, 2024 at 10:00 a.m. Eastern. VOXX))" alt="VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporati
Company continues to execute on its restructuring plan, pay down debt, and strengthen its balance sheet as part of its concerted effort to improve operations and maximize shareholder value ORLANDO, Fla., Sept. 5, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), today announced that it has successfully closed the previously announced transaction with Talisman Brands Inc./Established, Inc. to sell its domestic accessories business for total consideration of approximately $25.0 million. The transaction closed on August 31, 2024 and included the Company's RCA® trademarks, other intellectual property, and inventory. To ensure seamless continuity for all VOXX Accessories Corp. cu
Panasonic Automotive and Klipsch create a high-performing, powerful audio system for the new Nissan full-size SUV NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Nissan and Panasonic Automotive Systems Company of America announce the integration of a segment-exclusive Klipsch® Reference Premiere Audio System in the all-new 2025 Nissan Armada. The Klipsch Premium Audio System delivers accurate, authentic, audiophile-quality performance throughout the cabin driven by 12 specifically designed speakers, including titanium tweeters, a high-performance 8-inch DualPower™ subwoofer and Panaso
ORLANDO, Fla., Aug. 27, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, announced that its board of directors has been conducting an exploration of strategic alternatives in connection with its ongoing effort to maximize shareholder value. VOXX))" alt="VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporation (NASDAQ: VOXX))"> As part of this process, the board will consider a wide range of options for VOXX, including, among other thin
Ari M. Shalam Elected Chairman of the Board of Directors; John J. Shalam Becomes Chairman Emeritus and Beat Kahli Remains Vice Chairman ORLANDO, Fla., Aug. 13, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that its Board of Directors has unanimously elected Ari M. Shalam to Chairman of the Board of Directors. After nearly 65 years since the Company was founded, John J. Shalam, has stepped down from this position, becoming Chairman Emeritus. VOXX))" alt="VOXX International Corporation Log
VOXX will continue to operate as VOXX Accessories Corp. ("VAC") to ensure business continuity ORLANDO, Fla., Aug. 8, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), today announced that it has entered into an Asset Purchase Agreement (the "Agreement") to sell certain assets, including the Company's iconic RCA® trademarks and other intellectual property, to Established Inc. The total value of the transaction is expected to be approximately $25 million, and the companies anticipate the deal will close on or before August 30, 2024. Under the agreement, VOXX Accessories Corp. will continue to operate the business while working with customers and partners in the normal course o
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Imperial Capital downgraded VOXX Intl from Outperform to In-line and set a new price target of $10.00
Imperial Capital initiated coverage of VOXX Intl with a rating of Outperform and set a new price target of $15.00
DA Davidson initiated coverage of VOXX International with a rating of Buy and set a new price target of $21.00
Sales through the first half of Fiscal 2025 declined ~18%, gross margin increased 120 basis points and operating expenses improved by over 15%Company sells its domestic accessory business and select, non-core assets for ~$28 million and completes Florida real estate sale transaction in Fiscal 2025 third quarter for $20 millionRestructuring programs generating anticipated savings, and are expected to have a positive impact on Fiscal 2025 second half resultsOver $50 million in debt reduction since year-end, bringing total debt to under $20 million as of today, with total net debt under $15 millionCompany continues to execute on its restructuring plan and strengthen its balance sheet, while pur
ORLANDO, Fla., Oct. 3, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2025 second quarter and six month results for the period ended August 31, 2024, on Thursday, October 10, 2024, after the market closes. The Company will then be hosting a conference call and webcast to discuss its results and business operations on Friday, October 11, 2024 at 10:00 a.m. Eastern. VOXX))" alt="VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporati
VOXX will continue to operate as VOXX Accessories Corp. ("VAC") to ensure business continuity ORLANDO, Fla., Aug. 8, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), today announced that it has entered into an Asset Purchase Agreement (the "Agreement") to sell certain assets, including the Company's iconic RCA® trademarks and other intellectual property, to Established Inc. The total value of the transaction is expected to be approximately $25 million, and the companies anticipate the deal will close on or before August 30, 2024. Under the agreement, VOXX Accessories Corp. will continue to operate the business while working with customers and partners in the normal course o
Net sales declined by 18.1%, gross margins improved by 310 basis points, operating expenses declined by 16.6%; Adjusted EBITDA Loss of $2.9 million improved by $2.1 million year-over-year amidst restructuring program to streamline sales, lower costs and working capital needs and return the Company to profitability ORLANDO, Fla., July 10, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2025 first quarter ended May 31, 2024. VOXX))" alt="VOXX Internationa
ORLANDO, Fla., July 3, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2025 first quarter results for the period ended May 31, 2024, on Wednesday, July 10, 2024, after the market closes. The Company will then be hosting a conference call and webcast to discuss its results and business operations on Thursday, July 11, 2024 at 10:00 a.m. Eastern. VOXX))" alt="VOXX International Corporation Logo (PRNewsfoto/VOXX International Corporation (NASDAQ: VOXX))">
ORLANDO, Fla., May 14, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2024 fourth quarter and year-ended February 29, 2024. Commenting on the Company's results and market outlook, Pat Lavelle, Chief Executive Officer stated, "After two strong years of growth and profits on an Adjusted EBITDA basis, we have experienced losses and as such, are taking steps to realign, both to improve margins and lower expe
ORLANDO, Fla., May 7, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2024 fourth quarter and year-end results for the period ended February 28, 2024, on Tuesday, May 14, 2024, after the market closes. The Company will then be hosting a conference call and webcast to discuss its results and business operations on Wednesday, May 15, 2024 at 10:00 a.m. Eastern. To attend the webcast: https://edge.media-server.com/mmc/p/upj4o2cnTo access by phone: https://register.vevent.com/register/BIdf763076ee234beeb2692a8842b45885Part
ORLANDO, Fla., Jan. 9, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2024 third quarter ended November 30, 2023. Commenting on the Company's results and business outlook, Pat Lavelle, Chief Executive Officer stated, "For the third quarter comparisons, our gross margins grew by 90 basis points and our operating expenses improved by over 2%, resulting in operating income comparable with the prior year period, despite lower sales. The market remained challenging, especially at retail, and the UAW strike adversely impact
ORLANDO, Fla., Jan. 4, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it will be reporting its Fiscal 2024 third quarter results for the period ended November 30, 2023, on Tuesday, January 9, 2024, after the market closes. The Company will be hosting a conference call and webcast to discuss its results and provide updates on its business operations on Wednesday, January 10, 2024 at 10:00 a.m. Eastern. To attend the webcast: https://edge.media-server.com/mmc/p/63gsho99To access by phone: https://register.vevent.com/register/BI1d071c6695bf4c8986ac36ee
ORLANDO, Fla., Oct. 10, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2024 second quarter ended August 31, 2023. Commenting on the Company's results and business outlook, Pat Lavelle, Chief Executive Officer stated, "We saw modest improvements in our business sequentially and expect to generate year-over-year growth and profitability in the second half of our Fiscal year. The extent of our growth will be very much dependent on the state of the car markets, especially now with the UAW strike, as well as consumer spend
Pat Lavelle and Announces the Appointment of Loriann Shelton as Chief Financial Officer ORLANDO, Fla., Oct. 2, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it has extended the employment agreement of Chief Executive Officer Pat Lavelle through February 28, 2025. The Company also disclosed upcoming changes to its executive leadership and board of directors which will take effect on March 1, 2024, the start of Fiscal Year 2025. The Company is pleased to announce that Loriann Shelton, who currently serves as Senior Vice President and Chief Operating
ORLANDO, Fla., Feb. 7, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ:VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that Beat Kahli, Co-Vice Chairman of the Board and VOXX's largest shareholder, has been appointed President. "I've known Beat for years and it truly is a major win to bring someone of his caliber to VOXX. He has been invaluable to the Board and to me personally since his initial investment and continues to become more involved in our strategy and operations. I welcome him to this new role, as do the members of our team, and together, we look forward to unlocking the value we know is pre
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