Universal Electrs Inc Stock Price, News & Analysis

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.

Universal Electronics Inc. (UEI) reported financial results for Q3 and nine months ending September 30, 2022. GAAP net sales decreased to $148.5 million from $155.6 million year-over-year. However, gross margins improved to 29.9%, reflecting effective product management. UEI achieved triple-digit EPS of $0.57, a significant improvement from last year's loss. Despite ongoing supply constraints and market pressures, UEI anticipates Q4 GAAP net sales of $125-$140 million and expects EPS to range from $0.37 to $0.47. Long-term growth targets remain 5-10% sales growth and 10-20% EPS growth.

Universal Electronics Inc. (UEIC) will host a conference call on November 3, 2022, at 4:30 p.m. ET to discuss its third quarter 2022 earnings results. The management will provide a financial update and answer questions. Universal Electronics is a leader in wireless universal control solutions for home entertainment and smart home devices, partnering with major companies like Comcast and Samsung. For more details, visit www.uei.com.

Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions for home entertainment and smart devices, announced that CEO Paul Arling and CFO Bryan Hackworth will attend the Sidoti Fall Investor Conference on September 21, 2022. They are scheduled for a fireside chat at 12:15 p.m. ET, followed by one-on-one meetings. A live webcast and replay will be available for 90 days on www.uei.com. UEI partners with Fortune 500 companies to deliver innovative solutions, including voice control and QuickSet™ cloud technology.

Universal Electronics Inc. (UEIC) reported Q2 2022 financial results showing GAAP net sales of $139.1 million, a decline from $150.5 million in Q2 2021. GAAP gross margins decreased to 28.3% from 29.7%, with a net income of $3.0 million ($0.23 per share), down from $5.6 million ($0.40 per share) year-over-year. For Q3 2022, UEI expects net sales between $145 million and $155 million, anticipating earnings per diluted share of $0.39 to $0.49. The company maintains a long-term growth target of 5% to 10% in sales and 10% to 20% in EPS.