Universal Electronics (UEIC) Tops Q4 EPS by 19c, Revenues Beat; Offers 1Q Revenues Guidance Below Consensus, 1Q EPS Mid-Point Guidance Below Consensus

Go back to Universal Electronics (UEIC) Tops Q4 EPS by 19c, Revenues Beat; Offers 1Q Revenues Guidance Below Consensus, 1Q EPS Mid-Point Guidance Below Consensus

Universal Electronics Reports Record Net Income for Fourth Quarter and Year-end 2020 Financial Results

February 18, 2021 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, 2020.

Paul Arling, UEIs chairman and CEO, said, UEIs ongoing investment in innovation for the future, strategies to enrich margins, and tactics to improve operating efficiencies, delivered strong performance and position the company well for 2021. Focusing on shifting our mix toward more advanced, higher margin solutions, we generated our highest margins in over a decade. As a result, even with lower sales, we reported the most profitable year in our 35+ year... More