Universal Electronics Reports Record Results for the Second Quarter 2019
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Universal Electronics (UEIC) Tops Q2 EPS by 12c, Revenues Beat; Offers Q3 EPS/Revenue Guidance
August 8, 2019 4:15 PM EDTUniversal Electronics (NASDAQ: UEIC) reported Q2 EPS of $0.83, $0.12 better than the analyst estimate of $0.71. Revenue for the quarter came in at $193.4 million versus the consensus estimate of $182.08 million.
Financial Results for the Three Months Ended June 30: 2019 Compared to 2018
GAAP net sales were $193.9 million, compared to $162.5 million; Adjusted Non-GAAP net sales were $193.4 million, compared to $162.4 million.GAAP gross margins were 17.5%, compared to 16.5%; Adjusted Non-GAAP gross margins were 25.2%, compared to 22.1%.GAAP operating loss was $3.9 million, compared to $9.9 million; Adjusted Non-GAAP operating income was $15.8 million, compared to $4.6 million.GAAP... More