UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15 (d) of the
                         Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): October 15, 2004


                              AUDIOVOX CORPORATION
             (Exact name of registrant as specified in its charter)


       Delaware                       0-28839                     13-1964841
       --------                       -------                     ----------
      (State or other                                         (I.R.S. Employer
jurisdiction of incorporation)    (Commission File Number)  Identification No.)


         180 Marcus Blvd., Hauppauge, New York                  11788
         -------------------------------------                  -----

             (Address of principal executive offices)      (Zip Code)


        Registrant's telephone number, including area code (631) 231-7750




Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of file
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(e))




                                   Page 1 of 4


Item 2.02 Results of Operations and Financial Condition. On October 15, 2004, Audiovox Corporation (the "Company") issued a press release announcing its earnings for its third quarter of fiscal year 2004. A copy of the release is furnished herewith as Exhibit 99.1. The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. Page 2 of 4

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AUDIOVOX CORPORATION (Registrant) Date: October 26, 2004 /s/ Charles M. Stoehr --------------------- Charles M. Stoehr Senior Vice President and Chief Financial Officer Page 3 of 4

EXHIBIT INDEX Exhibit No. Description 99.1 Press Release, dated October 15, 2004, relating to Audiovox Corporation's earnings release for the third quarter of 2004. Page 4 of 4

HOLD FOR RELEASE

                    AUDIOVOX CORPORATION REPORTS FISCAL 2004
                     THIRD QUARTER AND YEAR-TO-DATE RESULTS

Hauppauge, NY, October 15, 2004 . . . Audiovox Corporation (NASDAQ: VOXX) today
announced fiscal 2004 third quarter and year-to-date results for the three and
nine months ended August 31, 2004.

Audiovox Corporation (the "Company") reported fiscal 2004 third quarter net
sales from continuing operations of $133.0 million, a decrease of $2.2 million,
or 1.7% compared to net sales from continuing operations of $135.2 million
reported in the comparable period in fiscal 2003. Income from continuing
operations for the fiscal 2004 third quarter was $.04 million, a decrease of
$2.26 million compared to income from continuing operations of $2.3 million in
the comparable period in the prior year. Income from discontinued operations,
net of tax for the fiscal 2004 third quarter was $5.3 million, an increase of
$6.9 million, or 424% compared to a loss from discontinued operations, net of
tax of $1.6 million in the comparable period in the prior year.

Net income for the fiscal 2004 third quarter was $5.3 million, an increase of
$4.65 million compared to net income $.65 million for the comparable period in
the prior year. Income per diluted share for the three months ended August 31,
2004 from continuing and discontinued operations was $.00 and $.24,
respectively, compared to income per diluted share from continuing operations of
$.10 and net loss per diluted share from discontinued operations of $.07 in the
comparable period in the prior year.

On June 11, 2004, the Company's majority owned subsidiary, Audiovox
Communications Corporation ("ACC"), entered into a definitive asset purchase
agreement to sell certain assets and certain liabilities to UTStarcom, Inc.
(Nasdaq: UTSI) for a purchase price of $165.1 million, subject to a net working
capital adjustment, as defined in the agreement. Accordingly, the Company
classified the related assets and liabilities of ACC as assets and liabilities
held-for-sale as of August 31, 2004 and November 30, 2003 and classified ACC's
operating results as a discontinued operation for the three and nine months
ended August 31, 2004 and 2003.

Results for the Nine-Month Period
The Company reported fiscal 2004 year-to-date net sales from continuing
operations of $417.5 million, an increase of $90.1 million, or 27.5% compared to
net sales from continuing operations of $327.4 million reported in the
comparable period in fiscal 2003. Income from continuing operations for the
fiscal 2004 and 2003 year-to-date period was $2.3 million in each year. Income
from discontinued operations, net of tax for the fiscal 2004 year-to-date period
was $8.6 million, an increase of $7.0 million, or 423% compared to income from
discontinued operations, net of tax of $1.6 million in the comparable period in
the prior year.

Net income for the fiscal 2004 year-to-date period was $10.9 million, an
increase of $6.9, or 177% compared to net income of $4.0 million for the
comparable period in the prior year. Net income per diluted common share for the
nine months ended August 31, 2004 from continuing and discontinued operations
was $.10 and $.39, respectively, compared to net income per diluted common share
from continuing and discontinued operations of $.10 and $.08 in the comparable
period in the prior year.
                                    - more -

Exhibit 99.1

Audiovox Corporation Reports Fiscal 2004 Third Quarter Results Page 2 of 4 The Company's Chairman, President and Chief Executive Officer stated, "Due to the pending sale of our Wireless business to UTStarcom, we will not be hosting a conference call until after the November 1, 2004 Stockholder meeting, at which time we will discuss our financial and operational results in more detail." Conference Call On Tuesday, November 2, 2004 at 10:00 a.m. EDT, the Company will host a conference call to discuss its third quarter financial results and its Consumer Electronics operations. Further information will be supplied approximately one week prior to. About Audiovox Audiovox Corporation is a leading international distributor and value added service provider in the consumer electronics industry. The Company conducts its business through subsidiaries and markets its products both domestically and internationally under its own brands. It also functions as an OEM (Original Equipment Manufacturer) supplier to several customers. For additional information, please visit Audiovox on the Web at http://www.audiovox.com. Safe-Harbor Language Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics businesses as well as the wireless business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K/A for the fiscal year ended November 30, 2003 and Form 10-Q for the fiscal 2004 third quarter ended August 31, 2004. Company Contact: Public and Investor Relations Contact: C. Michael Stoehr, SVP/CFO Glenn Wiener Audiovox Corporation GW Communications (631) 231-7750 (212) 786-6011 or gwiener@GWCco.com - Tables to Follow - Exhibit 99.1

AUDIOVOX CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except share data) November 30, August 31, 2003 2004 ---- ---- (unaudited) Assets Current assets: Cash ................................................................................. $ 4,702 $ 8,592 Accounts receivable, net ............................................................. 266,421 222,120 Inventory ............................................................................ 152,762 165,126 Receivables from vendors ............................................................. 7,830 11,092 Prepaid expenses and other current assets ............................................ 10,319 10,477 Deferred income taxes ................................................................ 9,531 8,196 Assets held-for-sale ................................................................... 70,641 170,646 - ------------------------------------------------------------------------------------------- --------- --------- Total current assets .............................................................. 522,206 596,249 Investment securities ..................................................................... 9,512 7,548 Equity investments ........................................................................ 13,142 13,138 Property, plant and equipment, net ........................................................ 18,598 18,896 Excess cost over fair value of assets acquired ............................................ 7,532 7,195 Intangible assets ......................................................................... 8,043 8,043 Other assets .............................................................................. 670 458 - ------------------------------------------------------------------------------------------- --------- --------- $ 579,703 $ 651,527 ========= ========= Liabilities and Stockholders' Equity Current liabilities: Accounts payable ..................................................................... $ 35,126 $ 28,199 Accrued expenses and other current liabilities ....................................... 31,115 24,810 Accrued sales incentives ............................................................... 14,604 7,419 Income taxes payable ................................................................. 13,218 12,456 Bank obligations ..................................................................... 39,940 117,597 Current portion of long-term debt ...................................................... 3,433 10,320 Liabilities related to assets held-for-sale ............................................ 78,772 87,189 - ------------------------------------------------------------------------------------------- --------- --------- Total current liabilities ......................................................... 216,208 287,990 Long-term debt ............................................................................ 18,246 7,388 Capital lease obligation .................................................................. 6,070 6,022 Deferred income taxes ..................................................................... 3,178 1,523 Deferred compensation ..................................................................... 5,280 6,089 - ------------------------------------------------------------------------------------------- --------- --------- Total liabilities ................................................................. 248,982 309,012 - ------------------------------------------------------------------------------------------- --------- --------- Minority interest ......................................................................... 4,993 6,689 - ------------------------------------------------------------------------------------------- --------- --------- Commitments and contingencies Stockholders' equity: Preferred stock, $50 par value; 50,000 shares authorized and outstanding, liquidation preference of $2,500 .................................................. 2,500 2,500 Series preferred stock $.01 par value, 1,500,000 shares authorized; no shares issued or outstanding ............................................................. -- -- Common stock: Class A $.01 par value; 60,000,000 shares authorized; 20,728,382 and 20,772,846 shares issued at November 30, 2003 and August 31, 2004, respectively .................................................................... 207 208 Class B $.01 convertible par value; 10,000,000 shares authorized; 2,260,954 shares issued and outstanding ................................................... 22 22 Paid-in capital ...................................................................... 252,104 252,752 Retained earnings .................................................................... 80,635 91,526 Accumulated other comprehensive loss ................................................. (1,229) (2,685) Treasury stock, at cost, 1,072,737 and 1,070,957 shares of Class A common stock at November 30, 2003 and August 31, 2004, respectively ............................ (8,511) (8,497) - ------------------------------------------------------------------------------------------- --------- --------- Total stockholders' equity ................................................................ 325,728 335,826 - ------------------------------------------------------------------------------------------- --------- --------- Total liabilities and stockholders' equity ................................................ $ 579,703 $ 651,527 ========= ========= Exhibit 99.1

AUDIOVOX CORPORATION AND SUBSIDIARIES Consolidated Statements of Earnings For the Three and Nine Months Ended August 31, 2003 and 2004 (In thousands, except share and per share data) (unaudited) Three Months Ended Nine Months Ended ------------------------------- ---------------------------- August 31, August 31, August 31, August 31, 2003 2004 2003 2004 ------ ----- ----- ----- ---- Net sales ................................................... $ 135,239 $ 132,965 $ 327,397 $ 417,533 Cost of sales ............................................... 112,516 109,747 274,793 351,406 - ------------------------------------------------------------- ------------ ------------ ------------ ------------ Gross profit ................................................ 22,723 23,218 52,604 66,127 Operating expenses: Selling .................................................. 5,759 8,370 15,967 23,144 General and administrative ............................... 11,807 12,924 29,168 36,200 Warehousing and technical support ........................ 479 935 1,859 3,404 ------------ ------------ ------------ ------------ Total operating expenses ............................. 18,045 22,229 46,994 62,748 - ------------------------------------------------------------- ------------ ------------ ------------ ------------ Operating income ............................................ 4,678 989 5,610 3,379 ------------ ------------ ------------ ------------ Other income (expense): Interest and bank charges ................................ (893) (888) (1,648) (2,682) Equity in income of equity investees ................. 1,019 1,182 2,134 3,706 Other, net ............................................... 44 324 (411) 1,663 ------------ ------------ ------------ ------------ Total other income, net .............................. 170 618 75 2,687 ------------ ------------ ------------ ------------ Income from continuing operations before provision for income taxes, minority interest and discontinued operations ... 4,848 1,607 5,685 6,066 Provision for income taxes .................................. 2,726 832 3,850 3,042 Minority interest (expense) ................................. 161 (738) 454 (710) ------------ ------------ ------------ ------------ Income from continuing operations ........................... 2,283 37 2,289 2,314 Income (loss) from discontinued operations, net of tax ...... (1,636) 5,307 1,641 8,577 - ------------------------------------------------------------- ------------ ------------ ------------ ------------ Net income .................................................. $ 647 $ 5,344 $ 3,930 $ 10,891 ============ ============ ============ ============ Earnings (loss) per common share (basic): From continuing operations ............................... $ 0.11 $ 0.00 $ 0.10 $ 0.11 From discontinued operations ............................. $ (0.08) $ 0.24 $ 0.08 $ 0.39 ------------ ------------ ------------ ------------ Net income per common share (basic) ......................... $ 0.03 $ 0.24 $ 0.18 $ 0.50 ============ ============ ============ ============ Earnings (loss) per common share (diluted): From continuing operations ............................... $ 0.10 $ 0.00 $ 0.10 $ 0.10 From discontinued operations ............................. $ (0.07) $ 0.24 $ 0.08 $ 0.39 ------------ ------------ ------------ ------------ Net income per common share (diluted) ....................... $ 0.03 $ 0.24 $ 0.18 $ 0.49 ============ ============ ============ ============ Weighted-average common shares outstanding (basic) .......... 21,840,621 21,962,843 21,836,241 21,945,364 ============ ============ ============ ============ Weighted-average common shares outstanding (diluted) ........ 22,101,749 22,400,415 22,000,232 22,363,733 ============ ============ ============ ============ Exhibit 99.1