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VOXX International | 8-K: VOXX International Corporation Reports its Fiscal 2025 Second Quarter Financial Results

VOXX International | 8-K: VOXX International Corporation Reports its Fiscal 2025 Second Quarter Financial Results

奥迪富斯 | 8-K：VOXX 国际公司公布其2025财年第二季度财务业绩
美股SEC公告 ·  2024/10/17 02:53

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VOXX International reported Q2 FY2025 net sales of $92.5M, down 18.6% YoY, with gross margin at 24.5%. The company achieved significant debt reduction through strategic asset sales, including its domestic accessories business for $28M and Florida real estate for $20M, bringing total debt below $20M from $73M at fiscal year-end.Operating expenses decreased 14.3% to $31.8M due to restructuring initiatives. The company recorded net income of $2.4M compared to a net loss of $11.1M in Q2 FY2024, benefiting from $10.5M in gains from business and asset sales. Automotive Electronics sales fell 25.5% to $26.4M, while Consumer Electronics declined 15.4% to $66.1M.Management continues executing its strategic plan to maximize shareholder value, including exploring potential sale of the company or business segments. The restructuring programs, OEM manufacturing relocation to Mexico, and new product launches are expected to help achieve profitability in FY2025, despite challenging market conditions affecting consumer spending.
VOXX International reported Q2 FY2025 net sales of $92.5M, down 18.6% YoY, with gross margin at 24.5%. The company achieved significant debt reduction through strategic asset sales, including its domestic accessories business for $28M and Florida real estate for $20M, bringing total debt below $20M from $73M at fiscal year-end.Operating expenses decreased 14.3% to $31.8M due to restructuring initiatives. The company recorded net income of $2.4M compared to a net loss of $11.1M in Q2 FY2024, benefiting from $10.5M in gains from business and asset sales. Automotive Electronics sales fell 25.5% to $26.4M, while Consumer Electronics declined 15.4% to $66.1M.Management continues executing its strategic plan to maximize shareholder value, including exploring potential sale of the company or business segments. The restructuring programs, OEM manufacturing relocation to Mexico, and new product launches are expected to help achieve profitability in FY2025, despite challenging market conditions affecting consumer spending.
奥迪富斯发布了2025财年第二季度净销售额为9250万美元，同比下降18.6%，毛利率为24.5%。公司通过战略资产出售实现了显著的债务减免，包括以2800万美元出售其国内配件业务和以2000万美元出售佛罗里达的房地产，使总债务从7300万美元降至2000万美元以下。由于重组措施，营业费用下降14.3%，降至3180万美元。公司在2025财年第二季度录得净利润240万美元，而2024财年第二季度则为净亏损1110万美元，受益于来自业务和资产出售的1050万美元收益。汽车电子销售下降25.5%，降至2640万美元，而消费电子销售下降15.4%，降至6610万美元。管理层继续执行其战略计划，以最大化股东价值，包括探索公司或业务部门的潜在出售。重组计划、OEM制造迁移至墨西哥和新产品发布预计将帮助在2025财年实现盈利，尽管市场条件严峻，影响消费者支出。
奥迪富斯发布了2025财年第二季度净销售额为9250万美元，同比下降18.6%，毛利率为24.5%。公司通过战略资产出售实现了显著的债务减免，包括以2800万美元出售其国内配件业务和以2000万美元出售佛罗里达的房地产，使总债务从7300万美元降至2000万美元以下。由于重组措施，营业费用下降14.3%，降至3180万美元。公司在2025财年第二季度录得净利润240万美元，而2024财年第二季度则为净亏损1110万美元，受益于来自业务和资产出售的1050万美元收益。汽车电子销售下降25.5%，降至2640万美元，而消费电子销售下降15.4%，降至6610万美元。管理层继续执行其战略计划，以最大化股东价值，包括探索公司或业务部门的潜在出售。重组计划、OEM制造迁移至墨西哥和新产品发布预计将帮助在2025财年实现盈利，尽管市场条件严峻，影响消费者支出。
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