(MENAFN- PR Newswire) ORLANDO, Fla., Jan. 9, 2024 /PRNewswire/ — VOXX International Corporation (NASDAQ: VOXX ), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2024 third quarter ended November 30, 2023.
Commenting on the Company’s results and business outlook, Pat Lavelle, Chief Executive Officer stated, “For the third quarter comparisons, our gross margins grew by 90 basis points and our operating expenses improved by over 2%, resulting in operating income comparable with the prior year period, despite lower sales. The market remained challenging, especially at retail, and the UAW strike adversely impacted our Automotive business as well during the quarter. We see the economy slowing and we’re taking steps to mitigate any further risk, while at the same time, have…
