Company Overview

We are a leading global manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. We have developed a broad range of products sold under a portfolio of over 30 well-known consumer brands. These known consumer brands include Klipsch®, RCA®, Audiovox®, Magnet®, Heco®, and Acoustic Research®. Additionally, we have an array of products from our automotive Original Equipment Manufacturers ("OEM") with brands such as Hirschmann Car Communication®, Invision®, and Code-Alarm®. We maintain leading market share positions across targeted product categories. We supply our products to a diversified customer base that consists of automotive OEMs, specialty consumer electronics, and mass merchandise retailers, power retailers, 12-volt specialists, and other commercial entities.

We have grown organically and through strategic acquisitions. Both methods have enabled us to expand our product offering, diversify our markets, expand geographies, and to improve our financial performance. Since 2002 we have completed twelve acquisitions that have allowed us to enter new markets. The significant acquisitions are Holding GmbH and its worldwide subsidiaries (now VOXX Hirschmann, which is part of the Automotive segment), and Klipsch Group Inc. and its worldwide subsidiaries (Klipsch, which is part of the Premium Audio segment).

We have a substantial amount of research and development resources; that enables us to introduce a robust pipeline of new products that are responsive to key market trends. We believe it will allow us to increase market shares and margins across each of our primary operating segments. Further, with our recent acquisitions, we have added manufacturing capabilities to complement our outsourced manufacturing strategy. Currently, we manufacture approximately 30% of our products across our global facilities. The blend of internal and outsourced manufacturing allows us to drive innovation, control product quality, and speed time-to-market.

Our company was incorporated in 1987 as successor to a business founded in 1960 by John J. Shalam, our Chairman of the Board. Effective on December 1, 2011, Audiovox Corporation changed to VOXX International Corporation. Today Voxx International Corporation conducts business through 19 wholly-owned subsidiaries and a 50% non-controlling ownership interest suppliers of televisions, other automotive sounds, security, and accessory products to specialized markets for specialized vehicles.

Our three reportable operating segments are Automotive, Premium Audio, and Consumer Accessories.

STOCK QUOTE: Price: $5.001 Change (%): 0 (0%) See Full Quote