Universal Electronics (UEIC) Misses Q1 EPS by 19c, Misses on Revenue

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Go back to Universal Electronics (UEIC) Misses Q1 EPS by 19c, Misses on Revenue

Universal Electronics Reports Financial Results for the First Quarter 2025

May 8, 2025 4:05 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2025.

Universal Electronics Chief Financial Officer Bryan Hackworth stated, During the first quarter of 2025, we performed well with sales growth in our connected home channel more than offsetting the sales decline in our home entertainment channel, and we expect similar results for the second quarter. Our strategic R&D efforts over the past few years in new growth areas, coupled with a strengthened balance sheet, improved working capital metrics and a more efficient cost... More