Universal Electronics (UEIC) Tops Q4 EPS by 1c; Guides Q1 Below Views
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Universal Electronics Reports Fourth Quarter and Year-End 2021 Financial Results
February 17, 2022 4:05 PM ESTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and twelve months ended December 31, 2021.
We remain optimistic regarding our growth prospects for the full year, as significant customer and project wins will begin to ship in the back half of the year, although we foresee a particularly challenging start to 2022, said Paul Arling, UEIs chairman and CEO. Supply chain issues and materials shortages continue to have both a direct and indirect impact on our volumes, as we have been unable to fulfill... More
