Wed, Aug 27, 2014, 7:01 AM EDT - U.S. Markets open in 2 hrs 29 mins

Recent

% | $
Quotes you view appear here for quick access.

VOXX International Corporation Message Board

  • mchlr963 mchlr963 Oct 9, 2013 4:59 PM Flag

    Earnings and margins are very good

    Improvements in these 2 areas. Sales off a little appears to be from exit from lower margin lines and also economic climate in Venezuela (?).

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The Q wasn't bad, but also wasn't really good. Pre-tax operating income margin was down to slightly above break even - $ 2 million on $ 180 million of sales, or just above 1% margin, compared to 3.5% in Q2 last year. It was presumably nonrecurring items, like a recovery from Circuit City (how long has it been since CC went under?), that made the bottom line look good. But hopefully, it was also nonrecurring items that made the operating income line so weak.

      But it's only a quarter, and traditionally a slow quarter, so everything looks OK. They say they are still exiting some product lines, and from what I read, Venezuela has become a real basket case under the new leader's regime. So no surprises, and hopefully they are building the continuing business.

      I don't know if VOXX gives guidance or not (we'll see this AM on the call), but Q3 is the key. It's always the strongest, and I'd like to hear management say something positive about operating margins going forward.

    • Up 5% during the day, before announcing, down 6% after the announcement. More review needed.

 
VOXX
9.39-0.16(-1.68%)Aug 26 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.