HAUPPAUGE, N.Y. –
Voxx International reported
higher sales but lower net income for
its fiscal fourth quarter, ended Feb. 28.
Fourth-quarter sales rose 27.1 percent to
$176.6 million, with operating income rising
182 percent to $13.8 million. Fourth-quarter
net income fell 37.4 percent to $10.9 million
from the year-ago $17.4 million.
However in its fiscal 2012 Voxx said sales
rose 25.9 percent to $701.1 million, operating
income rose 387 percent to $43.9 million,
and net income rose 11.4 percent to
In fiscal 2012, Voxx said it posted continued
growth in its mobile electronics OEM business
and that Klipsch Group sales rose and
met projections. Klipsch generated around
$169.5 million in fiscal year sales, up by an
unspecified amount. Klipsch was acquired on
March 1, 2011.
In breaking out fourth-quarter sales, Voxx
said electronics sales rose 32.3 percent to
$136 million and accessory sales rose 12.5
percent to $40.6 million.