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

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

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

February 20, 2020 4:05 PM EST

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and twelve months ended December 31, 2019.

In 2019, we posted the highest annual Adjusted Non-GAAP net sales and EPS in our 34-year history of $751.7 million and $3.55, respectively, said Paul Arling, UEIs chairman and CEO. Over the past year, we invested in innovation to increase our competitive edge and drive long-term growth; we enriched our product mix to favor higher margin advanced solutions; and we implemented initiatives to improve productivity globally. Our efforts to increase profitability are... More