Universal Electronics (UEIC) Tops Q2 EPS by 13c

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Go back to Universal Electronics (UEIC) Tops Q2 EPS by 13c

Universal Electronics Reports Financial Results for the Second Quarter 2023

August 3, 2023 4:05 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three and six months ended June 30, 2023.

In the second quarter of 2023, sales met and the bottom-line exceeded our expectations, said Paul Arling, UEIs chairman and CEO. Our patented, leading wireless control technology delivers interoperability that is desired in more and more applications throughout the connected home. New and repeat customers continue to select UEIs innovation, quality, and service, and customer project awards are growing, particularly in climate control, home automation, and security.

UEIs CFO... More