The earnings call reflects a mixed sentiment. While there are significant achievements in debt reduction and strategic restructuring, the company still faces challenges in its automotive and consumer segments. The focus on ERP implementation and future growth potential in Premium Audio provides optimism.
Company Guidance
During the VOXX Q2 2025 earnings call, the company provided guidance highlighting significant strides in debt reduction and restructuring efforts. VOXX reported total debt at under $20 million as of October 9, down from over $73 million at the beginning of fiscal 2024, largely thanks to $48 million in gross proceeds from the sale of non-core assets. The company emphasized its strategic focus on improving profitability and operational efficiency, particularly mentioning a 26.8% decline in Automotive sales accompanied by an 80 basis point increase in gross margin, despite a $3.6 million pretax loss. The Consumer segment saw a $21 million year-to-date decline, yet managed to achieve a pretax income of $4.6 million, a substantial improvement from a $7 million loss in fiscal 2024. VOXX also highlighted new product launches and partnerships, such as a collaboration with Ford and the expansion of Nissan's lighting program, expected to bolster future revenue. The company expressed optimism for a profitable second half of the fiscal year, contingent on achieving projected sales targets amidst a challenging economic backdrop.
Debt Reduction Achievements
Paid down over $50 million in total debt since year-end, reducing total debt to under $20 million and net debt under $15 million.
Strategic Divestitures
Sold domestic accessory business and two non-core brands, generating $48 million in gross proceeds used to pay down debt.
Positive Developments in Premium Audio
Despite a $21 million decline in Consumer segment sales, Premium Audio generated pretax income of $4.6 million compared to a loss of $7 million in fiscal 2024.
ERP Implementation
Moving forward with ERP implementation to enhance efficiencies and lead to significant cost savings.
---
VOXX International (VOXX) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VOXX Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 13, 2025
$7.33
$7.34
+0.14%
Oct 10, 2024
$6.17
$7.13
+15.56%
Jul 10, 2024
$2.84
$2.65
-6.69%
May 14, 2024
$5.95
$4.53
-23.87%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does VOXX International Corporation Class A (VOXX) report earnings?
VOXX International Corporation Class A (VOXX) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is VOXX International Corporation Class A (VOXX) earnings time?
VOXX International Corporation Class A (VOXX) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.