Universal Electronics Reports Record Net Income for Fourth Quarter and Year-end 2020 Financial Results
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Universal Electronics (UEIC) Tops Q4 EPS by 19c, Revenues Beat; Offers 1Q Revenues Guidance Below Consensus, 1Q EPS Mid-Point Guidance Below Consensus
February 18, 2021 4:17 PM ESTUniversal Electronics (NASDAQ: UEIC) reported Q4 EPS of $1.14, $0.19 better than the analyst estimate of $0.95. Revenue for the quarter came in at $156.3 million versus the consensus estimate of $153.72 million.
Financial Results for the Three Months Ended December 31: 2020 Compared to 2019
GAAP net sales were $156.3 million, compared to $174.7 million; Adjusted Non-GAAP net sales were $156.4 million, compared to $174.8 million.GAAP gross margins were 32.7%, compared to 28.5%; Adjusted Non-GAAP gross margins were 33.6%, compared to 29.3%.GAAP operating income was $12.5 million, compared to $11.5 million; Adjusted Non-GAAP operating income was $19.1 million, compared to $17.3 million.GAAP net income was... More