Universal Electronics Reports Financial Results for the First Quarter 2021
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Universal Electronics (UEIC) Tops Q1 EPS by 3c, Revenues Miss; Offers 2Q EPS/Revenues Guidance Below Consensus
May 6, 2021 4:15 PM EDTUniversal Electronics (NASDAQ: UEIC) reported Q1 EPS of $0.89, $0.03 better than the analyst estimate of $0.86. Revenue for the quarter came in at $150.7 million versus the consensus estimate of $155.92 million.
Financial Results for the Three Months Ended March 31: 2021 Compared to 2020
GAAP net sales were $150.5 million, compared to $151.8 million; Adjusted Non-GAAP net sales were $150.7 million, compared to $152.0 million.GAAP gross margins were 30.8%, compared to 28.3%; Adjusted Non-GAAP gross margins were 31.4%, compared to 30.9%.GAAP operating income was $8.6 million, compared to $8.0 million; Adjusted Non-GAAP operating income was $15.7 million, compared to $15.0 million.GAAP net income was... More