|VOXX (Common Stock)
||NASDAQ GS (US Dollar)
|Data as of 4:00 PM ET on Aug 31, 2016
We believe we are a leading global manufacturer and supplier of consumer electronic products in the automotive, premium audio and consumer accessory industries. We have developed a broad range of products sold under a portfolio of over 30 well-known consumer brands such as Klipsch®, RCA®, Audiovox®, Magnet®, Heco®, Acoustic Research® and automotive Original Equipment Manufacturer ("OEM") 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 highly diversified customer base consisting 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 of which have enabled us to expand our product offering, diversify into new markets and geographies and improve our financial performance. Since 2002, we have completed twelve acquisitions, including the two transformational acquisitions of Car Communication 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 also added substantial research and development resources, enabling us to introduce a robust pipeline of new products that are responsive to key market trends and that we believe will enable us to increase market share and margins across each of our key 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 enables 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 December 1, 2011, Audiovox Corporation changed its name to VOXX International Corporation and today conducts business through 19 wholly-owned subsidiaries and a 50% non-controlling ownership interest in a supplier of televisions and other automotive sound, security and accessory products to specialized markets for specialized vehicles.
We have three reportable operating segments-Automotive, Premium Audio and Consumer Accessories.
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