Universal Electronics Reports Financial Results for the Third Quarter 2020
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Universal Electronics (UEIC) Tops Q3 EPS by 1c, Revenues Miss; Offers 4Q EPS/Revenue Guidance
November 5, 2020 5:05 PM ESTUniversal Electronics (NASDAQ: UEIC) reported Q3 EPS of $0.92, $0.01 better than the analyst estimate of $0.91. Revenue for the quarter came in at $153.5 million versus the consensus estimate of $155.12 million.
Financial Results for the Three Months Ended September 30: 2020 Compared to 2019
GAAP net sales were $153.5 million, compared to $200.7 million; Adjusted Non-GAAP net sales were $153.7 million, compared to $200.9 million.GAAP gross margins were 28.8%, compared to 23.2%; Adjusted Non-GAAP gross margins were 30.0%, compared to 26.8%.GAAP operating income was $10.2 million, compared to $6.1 million; Adjusted Non-GAAP operating income was $17.0 million, compared to $18.7 million.GAAP net income was... More