VOXX International Corp (NASDAQ:VOXX) Q1 2020 Earnings Conference Call Transcript

Jul 11, 2019 • 10:00 am ET

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VOXX International Corp (NASDAQ:VOXX) Q1 2020 Earnings Conference Call Transcript

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Presentation
Executive
C. Michael Stoehr

net of fees.

Total debt as of May 31, 2019, was $16 million as compared to $17.6 million as of February 28, 2019, an improvement of $1.6 million. The company's total debt consists of mortgages related to our domestic and international properties and a euro asset-based lending obligation to support our German operations. Total long-term debt as of May 31, 2019, was $7.5 million as it compared to $7.6 million as of February 28, 2019, improvement of $100,000. We expect our debt to decline further upon the completion of the sale of our Pulheim facility.

Our balance sheet remains a company strength and affords us to leverage to execute a number of initiatives to improve our business.

Operator, we are now ready to open up the call for questions.

Executive
Patrick M. Lavelle

Thank you, Mike.