Universal Electrs Inc Stock Price, News & Analysis

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.

Universal Electronics (NASDAQ: UEIC) announces participation at the 25th Annual Needham Growth Conference from January 10-12, 2023. CEO Paul Arling and CFO Bryan Hackworth will present on January 12 at 3:45 p.m. ET, followed by virtual one-on-one meetings. A live webcast of the presentation will be available for 90 days on their website. As a global leader in wireless control solutions for smart home devices, UEI partners with major brands like Comcast, Samsung, and Sony, offering innovative technologies including voice control and QuickSet cloud solutions.

Universal Electronics (UEIC) announces its latest innovations at CES 2023, focusing on improving control and support for home entertainment and smart home devices. Key features include the QuickSet Cloud® platform, achieving 288 billion transactions annually and saving over 4 million hours in setup time. UEIC highlights QuickSet® as a Matter Certified Software Platform for enhanced interoperability among smart devices. New products, like UEI TIDE thermostats and the Nevo® Butler smart home gateway, are showcased. This positions UEI as a leader in seamless device integration and customer support.

Universal Electronics (NASDAQ: UEIC) showcased its new Matter-capable products at CES 2023 in Las Vegas. The launch addresses interoperability issues in smart homes by introducing four innovative solutions, enhancing compatibility with a variety of devices. Key offerings include the Matter-Certified QuickSet, Nevo Butler, UEI TIDE Dial thermostat, and QuickSet Widget, all designed to enable seamless integration and automation across both Matter and non-Matter devices. This positions UEI as a leader in the rapidly evolving smart home market.

Universal Electronics Inc. (NASDAQ: UEIC) announced that Paul Arling, Chairman and CEO, will be attending the Imperial Capital 2022 Security Investor Conference from December 14-15, 2022.

Management is set to present at 1:15 PM ET on December 15 and will host one-on-one meetings throughout the event. A live webcast of the presentation will be available for 90 days at www.uei.com.

UEI is a leader in wireless universal control solutions for smart home devices and partners with notable customers like Comcast and Samsung.