Universal Electrs Inc Stock Price, News & Analysis

Universal Electronics Inc. (UEIC), a leader in wireless control solutions, will hold a conference call on May 4, 2023, at 4:30 p.m. ET to discuss its first quarter 2023 financial results. The call aims to provide insights into financial performance and business updates, along with a Q&A session for participants. Interested parties can register here. The call will also be available for replay on the company’s website for 90 days. UEIC has over 35 years of experience in developing hardware and software solutions for home entertainment and smart home devices, partnering with several Fortune 500 companies.

Universal Electronics (NASDAQ: UEIC) announced that its Chairman and CEO Paul Arling, along with CFO Bryan Hackworth, will attend the Sidoti Small-Cap Conference virtually on March 22-23, 2023. The management presentation is scheduled for March 22 at 1:00 PM PT / 4:00 PM ET, with one-on-one virtual meetings available both days. A live webcast of the presentation will be accessible for 90 days at www.uei.com. Universal Electronics is a leader in wireless control solutions for home entertainment and smart devices, partnering with major firms like Comcast and Samsung.

Universal Electronics Inc. (UEIC) reported Q4 and full-year 2022 financial results amid challenging macroeconomic conditions. Q4 GAAP net sales were $122.8 million, down from $144.9 million in 2021, while net loss increased to $6.9 million ($0.54/share). For 2022, GAAP net sales totaled $542.8 million, a decline from $601.6 million in 2021, with a net income of $0.4 million ($0.03/share). The company expects Q1 2023 GAAP net sales between $100 million and $110 million, down from $132.4 million in 2022, reflecting anticipated challenges. UEIC's strategic focus on new markets, like climate control and home automation, which accounted for over 25% of sales, aims to drive future growth.

Universal Electronics Inc. (UEIC) announced at the AHR Expo in Atlanta that its Smart Thermostat Platform is now Matter and Zigbee compatible. This platform, featuring the UEI TIDE Dial, TIDE Touch, and TIDE Bridge, offers enhanced connectivity and automation capabilities for HVAC systems. It supports advanced features like remote management, energy-saving automation, and integration with various smart home devices. UEI's commitment to innovation in climate control solutions aims to provide superior user experiences while maximizing energy efficiency, paving the way for substantial growth in the HVAC market.

Universal Electronics Inc. (UEIC) will hold a conference call on February 16, 2023, at 4:30 p.m. ET to discuss its fourth quarter and full year 2022 financial results. This call will include a financial and business update, along with a Q&A session. Interested participants can register here. The call will also be broadcast live on www.uei.com and available for replay for 90 days.