文章核心观点 VOXX International Corporation正在探索战略性替代方案,包括出售公司、出售业务部门、运营改善或其他战略交易[1][2][3] 公司概况 - VOXX International Corporation是一家领先的汽车和消费电子技术制造商和分销商,在全球市场上拥有约30个知名品牌[4] - 公司在车载娱乐、汽车安全、接收产品、多个优质音频市场细分领域拥有市场领先地位[4] - 公司拥有广泛的全球分销网络,包括大型零售商、大型连锁店、12伏特专业店和众多全球领先的汽车制造商[4] 战略探索 - 公司董事会已成立战略交易委员会,聘请Solomon Partners作为财务顾问,聘请Bryan Cave Leighton Paisner LLP作为法律顾问[2] - 公司尚未确定是否会采取特定交易或其他战略行动,也未设定完成此过程的时间表[3]

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. ...

文章核心观点 - VOXX International Corporation已与Established Inc.签订资产购买协议,出售包括RCA商标在内的部分资产,交易总价约为2500万美元[1][2] - 交易完成后,VOXX Accessories Corp.将继续运营业务,为客户和合作伙伴提供支持[1][2] - 此次交易符合VOXX的战略,有利于公司偿还债务,并将有助于公司的财务状况[2] 公司概况 - VOXX International Corporation是一家全球领先的汽车电子和消费电子公司,拥有约30个知名品牌[3] - 公司在车载娱乐、汽车安全、接收产品等多个细分市场占据领先地位,拥有广泛的全球分销网络[3] 风险因素 - 新冠疫情、全球供应短缺、网络安全风险等因素可能对公司业务产生影响[4] - 公司面临激烈的行业竞争,需要持续提升运营效率和技术创新能力[4] - 汇率波动、原材料价格变动等因素也可能对公司经营业绩造成不利影响[4]

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 Fiscal 2025 and Fiscal 2024 First Quarter Comparisons • Automotive Electronics segment net sales in the Fiscal 2025 first quarter were $27.7 million as compared to $38.4 million in the comparable ...

财务数据和关键指标变化 - 第一季度销售额为91.7百万美元,同比下降约18% [31][32] - 汽车业务销售额下降10.7百万美元,其中OEM销售下降7.4百万美元,售后市场销售下降3.3百万美元 [32] - 消费电子业务销售额下降9.4百万美元,主要是非高端音频消费电子产品销售下降10百万美元 [33][34] - 毛利率为27.7%,同比提升310个基点,其中汽车业务提升220个基点,消费电子业务提升410个基点 [35] 各条业务线数据和关键指标变化 - 汽车OEM业务下滑,主要原因包括日产项目结束、福特某车型项目暂时停止、斯特兰蒂斯项目终止 [32] - 汽车远程启动业务增长一倍,得益于新的福特国际项目 [32] - 消费电子高端音频业务增长800万美元,国内业务增长11%,但亚洲市场持续疲软 [34] - 消费电子非高端音频产品销售下降,主要是无线扬声器和太阳能阳台电源产品销售下降 [33][34] 公司战略和发展方向 - 公司正在进行重组,优化业务结构,集中资源发展盈利能力强、增长前景好的业务 [18][25][27] - 正在将OEM生产转移至墨西哥,以降低成本 [19] - 正在退出与斯特兰蒂斯的RSE项目,同时获得福特和日产新项目 [20] - 正在优化消费电子业务,调整产品组合以提高盈利能力 [25][27] - 正在实施新的ERP系统升级,以提高运营效率 [17][39] - 计划通过资产出售等方式减少债务,降低利息成本 [28] 管理层对经营环境和未来前景的评论 - 零售环境仍然充满挑战,利率高企,通胀仍是主要问题 [8] - 汽车制造商面临压力,库存积压,部分工厂开始裁员,向电动车转型加剧了挑战 [9] - 公司采取了一系列措施来提高利润率和降低成本,预计今年将实现盈利 [10][11] - 公司有信心度过当前的艰难时期,并将在未来变得更强大 [12][13] - 公司正在调整业务结构,集中资源发展有潜力的业务,以应对不确定的市场需求 [14][15] 其他重要信息 - 公司聘请顾问公司Accordion协助评估优化措施,预计未来6个月内将进一步降低5%的开支 [16][29] - 公司计划通过资产出售等方式偿还约4500万美元的债务,将主要债务控制在流动资金融资层面 [28] 问答环节重要的提问和回答 无

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-28839 VOXX International Corporation (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 1 ...

(1) For purposes of calculating Adjusted EBITDA for the Company, interest expense and bank charges, depreciation and amortization, losses on the contribution of assets to a joint venture, as well as foreign currency losses have been adjusted in order to exclude the non-controlling interest portion of these expenses attributable to EyeLock LLC and Onkyo Technology KK, as appropriate. SOURCE VOXX International Corporation (NASDAQ:VOXX) Net sales declined by 18.1%, gross margins improved by 310 basis points, o ...

Exhibit 99.1 VOXX International Corporation Reports its Fiscal 2024 Fourth Quarter and Year-end Financial Results ORLANDO, FL.— May 14, 2024 — 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 ...

VOXX International Corporation (NASDAQ:VOXX) Q4 2024 Results Conference Call May 15, 2024 10:00 AM ET Company Participants Glenn Wiener - President of GW Communications Pat Lavelle - CEO Loriann Shelton - CFO and COO Operator Good day, ladies and gentlemen. And thank you for standing by. Welcome to the VOXX International Fiscal 2024 Fourth Quarter Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session [ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM Commission file number 0-28839 VOXX INTERNATIONAL CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of 13-19 ...