VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company's segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others. The Premium Audio segment designs, manufactures, distributes and markets home theater systems, outdoor speakers, iPod/computer speakers, business music systems, cinema speakers, flat panel speakers, Bluetooth speakers and others. The Consumer Accessories segment designs and markets remote controls, rechargeable battery packs, wireless and Bluetooth speakers, Singtrix karaoke products, 360 Fly Action Cameras, personal sound amplifiers and others.
VOXX International reported sales of $681.04 million
February of 2017.
a very small
increase of 0.0%
versus 2016, when the company's sales were $680.75 million.
Despite this increase, sales are still
below the level achieved in 2015, when VOXX International
reported sales of $757.50 million.
The sales level in 2017 was fairly close to the level five years ago: in 2012, VOXX International had sales
of $707.06 million.
Sales of Premium Audio saw an increase
that was more than double the company's growth rate: sales were up
18.7% in 2017, from
$140.51 million to $166.79 million.
Not all segments of VOXX International experienced an increase in sales in 2017:
sales of Eliminations fell 38.8% to $796,000.00 .
(However, this segment's sales were only a very small portion of the company's overall sales).
VOXX International also experienced decreases in sales in
Automotive (down 4.1% to $337.24 million)
Consumer Accessories (down 5.9% to $176.22 million)