Voxx reports Q2 EPS 10c vs. (47c) last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
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Q2 Financial Performance: VOXX International Corporation reported Q2 revenue of $92.49 million, down from $113.64 million last year, while making strides in their internal restructuring plan to improve operational efficiencies and reduce debt.
Asset Monetization and Debt Reduction: The company successfully sold its domestic accessories business and two non-core audio brands for approximately $28 million, along with divesting Florida real estate, resulting in total debt reduction to less than $20 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
