Universal Electronics Reports Fourth Quarter and Year-End 2019 Financial Results

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Go back to Universal Electronics Reports Fourth Quarter and Year-End 2019 Financial Results

Universal Electronics (UEIC) Tops Q4 EPS by 7c, Revenues Miss; Offers Q1 EPS/Revenue Guidance

February 20, 2020 4:12 PM EST

Universal Electronics (NASDAQ: UEIC) reported Q4 EPS of $0.90, $0.07 better than the analyst estimate of $0.83. Revenue for the quarter came in at $174.8 million versus the consensus estimate of $179.04 million.

Financial Results for the Three Months Ended December 31: 2019 Compared to 2018

GAAP net sales were $174.7 million, compared to $170.3 million; Adjusted Non-GAAP net sales were $174.8 million, compared to $168.3 million.GAAP gross margins were 28.5%, compared to 22.0%; Adjusted Non-GAAP gross margins were 29.3%, compared to 28.7%.GAAP operating income was $11.5 million, compared to $2.6 million; Adjusted Non-GAAP operating income was $17.3 million, compared to $16.4... More