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Gentex, Owner of Onkyo & Klipsch, Reports 1Q/2025 Results; Sales & Profits Declined

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Gentex CES 2025 booth

Gentex Corporation (Nasdaq: GNTX), the new owner of Voxx, Premium Audio Company, Onkyo, Integra, and Klipsch reported the financial results for its first quarter of fiscal 2025 – the period that ended on March 31, 2025. Note that these results do not include the Voxx et. al. acquisition in its numbers, as that merger did not close until April 1, 2025. Gentex reported declines in sales, gross profit dollars, income from operations, and net income.

And all that happened before the new tariffs launched by the Trump administration took effect in full force.

Learn more about the Gentex results in the first quarter of 2025…

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Gentex Closes on Acquisition of Voxx International Corp

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Gentex image from website

Embarks on a New Era of ‘Transformation’

On Monday, March 31, 2025, Voxx International Corp. held a special meeting of stockholders who voted “overwhelmingly” in favor of the final closing of its acquisition by auto parts maker Gentex. According to an announcement by the company, “With all regulatory and stockholder approval obtained and all closing conditions met” the transaction is now closed and Gentex now owns Voxx lock, stock, and barrel.

See more on Gentex closing the deal to acquire Voxx…

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Voxx Total Company Value Falls Below Book; Takes Big Write-Downs to Over-Valued Assets

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Voxx investor relations page. Company is being acuired by Gentex Corp.

In New SEC Filing, Company Reveals Onkyo, Rosen, and VSM No Longer Have Any Goodwill

Voxx International Corporation (Nasdaq: VOXX) has released its Form 10-Q report to the Securities and Exchange Commission (SEC) revealing its financial results for its third quarter – the 90-day period ending on November 30, 2024 – as well as the year-to-date nine-month period ended the same date for Fiscal 2025. It is a sobering report of a company struggling to get to the altar with Gentex while its financial foundation is increasingly shaking.

The surprising results answer some questions, yet raise others as revenues continue to decline and losses mount.

Learn more about Voxx’s current financial situation…

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Gentex – Soon to be Owner of Voxx, Onkyo & Klipsch – Reports 4Q & Full Year Results

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Gentex CES booth
Gentex at CES

Gentex Corporation (Nasdaq: GNTX) announced its financial results for the fourth quarter (4Q) and full year (FY) of Fiscal 2024. The results spooked investors as the company appeared to be cruising to a solid, probably single-digit growth year through the first three quarters. In fact, the company was predicting a year of record net sales through the first nine months of 2024. Then…the fourth quarter happened…

Analysts on an earnings call had a lot of questions about management’s guidance miss, the reasons for the performance decline at the end of the year, and what the company plans to do with Voxx when the deal finally closes.

See more on the Gentex results for 2024 and what happened in the 4Q…

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Voxx Tells the SEC Its Latest Quarterly Report Will Be Late; Sets Severance for Key Execs

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Voxx Int'l headquarters building

Voxx International Corporation (Nasdaq: VOXX) has filed papers with the Securities and Exchange Commission (SEC) informing them that the company will be late in filing its latest Quarterly Report. It has separately notified the SEC of new “Compensatory Arrangements” with certain officers of the company. The subject of the first filing is a regular Quarterly Earnings report – which is mandated by securities regulations. The delayed report Voxx is referring to is its normal earnings report for the quarter ending November 30, 2024.

The second filing – a Form 8-K – details certain changes to the employment agreements of CEO/President Pat Lavelle, Senior VP/COO/CFO Lorianne Shelton, and Senior VP/Treasurer Charles M. Stoehr.

See why Voxx is delaying the filing of its SEC-required Quarterly report

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VOXX Intl Fiscal ’24 2nd Quarter Results Echo 1st – Sales Down, Losses Up

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Voxx cover image from investor presentation

Company Touts Sequential Improvement, Expense Control, New Investor

VOXX International Corporation (Voxx) (NASDAQ: VOXX), a manufacturer and distributor of a wide range of automotive and consumer electronics products, late on Tuesday released its second quarter of fiscal 2024 financial results for the period ending August 31, 2023. These results mostly echoed those of its first quarter and the company says it is still dealing with multiple negative macroeconomic factors such as a durable drop in consumer spending, inflated retail inventories, a UAW strike, and remaining supply chain challenges. However, the results in the second quarter were slightly more moderate than in the first quarter and there was a modest improvement on a sequential basis.

See more on the VOXX Q2 results and what it says it is focused on

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