Universal Electronics

Universal Electronics, Inc. engages in the design, development, and trade of control and sensor technology solutions. Its products include one for all retail accessories, tablets and smartphones, and consumer electronics OEM. The firm's services include design, global manufacturing, and outsourced call center services. Its brands include QuickSet Cloud, Nevo, One For All, Ecolink, and RCS Technology. The company was founded on November 21, 1986 and is headquartered in Scottsdale, AZ.

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Universal Electronics reports Q4 challenges, outlines growth strategies for 2023

Universal Electronics (UEI) navigated challenges in Q4 2022 with a focus on innovation and strategic growth initiatives. Despite lower net sales and manufacturing inefficiencies, UEI remains resilient and aims for long-term success.

Universal Electronics (UEIC) meets Q1 guidance, focuses on connected home growth

Universal Electronics (UEIC) reported meeting Q1 2023 guidance for net sales and earnings but falling short of long-term financial performance standards. Despite challenges in home entertainment and consumer electronics channels, the company highlighted growth in the connected home market and new product development wins in the HVAC sector. UEIC aims to optimize its manufacturing footprint and leverage innovation and customer relationships to drive future growth and profitability.

Universal Electronics reports Q2 loss but anticipates Q3 improvement

Universal Electronics (UEIC) navigated challenges in Q2 2023 with a focus on market diversification and success in the connected home segment. Despite recording a net loss, the company anticipates improved performance in Q3 2023 and remains confident in its growth prospects.

Universal Electronics reports resilient Q3 performance and eyes climate control growth

UEI's Q3 performance reflects resilience and strategic focus amidst market challenges, with net sales of $107.1 million and a stock repurchase plan.
The company's strengths lie in technology leadership, market adaptability, and a strong position in high-growth markets like climate control.
Challenges include market declines in home entertainment, operational optimization, revenue target achievement, and EPS variability in Q4 2023.
Opportunities abound in the climate control market expansion, revenue growth potential, brand visibility enhancement, and promising project pipeline.

Universal Electronics reports strong Q4 sales, eyes growth in home automation

UEIC's Q4 performance showed solid sales and profitability, with a focus on new technologies.
Despite challenges in traditional markets, UEIC is strategically positioned for growth in connected home sectors.
The company's emphasis on innovation and market expansion underscores a commitment to long-term success.
UEIC's proactive approach to addressing challenges and seizing opportunities bodes well for future performance.

Universal Electronics (UEIC) excels in Q1 2024, poised for growth in connected home market

Universal Electronics (UEIC) delivered strong Q1 2024 results, showcasing growth in sales and profitability driven by its focus on the connected home market. With a robust portfolio of connectivity solutions, strategic partnerships, and a positive outlook for 2024, UEI is well-positioned for continued success and innovation in the smart home industry.

Universal Electronics (UEIC) posts robust Q3 results, eyes growth in connected home

Universal Electronics (UEIC) delivered strong financial results in Q3 2024, with a focus on growth in the Connected Home market and strategic partnerships in climate control. While facing challenges in managing manufacturing costs, UEIC is poised to capitalize on opportunities for revenue growth in 2025.

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Universal Electronics Inc. (NASDAQ:UEIC ) Q4 2022 Earnings Conference Call February 16, 2023 4:30 PM ET Company Participants Kirsten Chapman - Investor Relations Paul Arling - Chairman & Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Operator Good day, and thank you for standing by. Welcome to the Universal Electronics Fourth Quarter 2022 Financial Results Conference Call.

Universal Electronics Inc. (UEIC) Q4 2022 Earnings Call Transcript

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #UEI--Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and twelve months ended December 31, 2022. “During the past 18 months, we have won a significant number of large customer design projects in our new higher growth markets and, at CES in January 2023, we received customer and industry recognition for our innovation, bolstering our foundation for long-term growth,” said Paul Arling, UEI's chairman and CEO.

Universal Electronics Reports Fourth Quarter and Year-End 2022 Financial Results

ATLANTA--( BUSINESS WIRE )-- Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced at the Air-conditioning, Heating and Refrigeration (AHR) Expo trade show in Atlanta, that the UEI Smart Thermostat Platform is Matter and Zigbee compatible. Building on more than 20 years of experience in creating control solutions for the world's leading HVAC brands, the company is showcasing the expanded capabilities of its next generation of the connected thermostat platform. The platform is marketed in three variations including UEI TIDE Dial, UEI TIDE Touch and UEI TIDE Bridge.

UEI Smart Thermostat Platform Expands Capabilities with Matter and Zigbee Connectivity for Enhanced Interoperability, Automation and Support Services

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, will host a conference call at 4:30 p.m. ET on Thursday, February 16, 2023, to discuss its fourth quarter and full year 2022 financial results. Management will provide a financial and business update as well as answer questions.

Universal Electronics Inc. to Host Fourth Quarter and Full Year 2022 Financial Results Conference Call on February 16

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Universal Electronics (UEIC) Stock?

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced that Paul Arling, Chairman and Chief Executive Officer and Bryan Hackworth, Chief Financial Officer, are scheduled to virtually attend the 25th Annual Needham Growth Conference being held January 10-12, 2023.

Universal Electronics Inc. to Present at the 25th Annual Needham Growth Conference on January 12th

LAS VEGAS--( BUSINESS WIRE )--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, has unveiled its extended family of QuickSet®-certified connectivity solutions today at CES 2023. As the global leader in entertainment and smart home control technologies, UEI is committed to helping its customers deliver more secure, sustainable, and scalable wireless control solutions for an ever-growing variety of home applications.

UEI Expands Its Wireless Connectivity Solutions With Enhanced Security, Sustainability, and Scalability

SCOTTSDALE, Ariz.--( BUSINESS WIRE )--Universal Electronics Inc. (UEI), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced Paul Arling, Chairman and CEO, is scheduled to attend Imperial Capital's 2022 Security Investor Conference being held virtually on December 14th – December 15th .

Universal Electronics Inc. to Present at the 19th Annual Imperial Capital Security Investor Conference

Universal Electronics (UEIC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Universal Electronics (UEIC) Upgraded to Buy: Here's Why

Are Investors Undervaluing Universal Electronics (UEIC) Right Now?

The average of price targets set by Wall Street analysts indicates a potential upside of 50.7% in Universal Electronics (UEIC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Universal Electronics (UEIC) Could Surge 51%: Read This Before Placing a Bet

The mean of analysts' price targets for Universal Electronics (UEIC) points to a 76.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 77% Upside in Universal Electronics (UEIC): Here's What You Should Know

Universal Electronics Inc. (NASDAQ:UEIC ) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Kirsten Chapman - Investor Relations Paul Arling - Chairman and Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Brian Ruttenbur - Imperial Capital Steven Frankel - Rosenblatt Operator Welcome to the Universal Electronics Third Quarter 2022 Financial Results Conference Call.

Universal Electronics Inc. (UEIC) Q3 2022 Earnings Call Transcript

Universal Electronics (UEIC) delivered earnings and revenue surprises of 42.86% and 1.79%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Universal Electronics (UEIC) Q3 Earnings and Revenues Beat Estimates

Universal Electronics Reports Financial Results for the Third Quarter 2022

Universal Electronics Inc. to Host Third Quarter 2022 Financial Results Conference Call on November 3rd

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced that Paul Arling, Chairman and Chief Executive Officer and Bryan Hackworth, Chief Financial Officer, are scheduled to attend the Sidoti Fall Investor Conference held on September 21, 2022. Management will conduct a fireside chat at 12:15 p.m. ET and host one-on-one meetings on Wednesday, September

Universal Electronics Inc. to Present at the Sidoti Fall Investor Conference on September 21st

Universal Electronics Inc. (NASDAQ:UEIC ) Q2 2022 Results Conference Call August 4, 2022 4:30 PM ET Company Participants Kirsten Chapman - Investor Relations Paul Arling - Chairman and Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Steven Frankel - Rosenblatt Brian Ruttenbur - Imperial Capital Bill Dezellem - Titan Capital Management Operator Good afternoon.

Universal Electronics Inc. (UEIC) CEO Paul Arling on Q2 2022 Results - Earnings Call Transcript

Universal Electronics (UEIC) delivered earnings and revenue surprises of 22.22% and 1.63%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Universal Electronics (UEIC) Q2 Earnings and Revenues Beat Estimates

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three and six months ended June 30, 2022. “Over the years, our resilient business model, technological innovation, commitment to service and financial discipline have built UEI's rock-solid foundation,” said Paul Arling, UEI's chairman and CEO. “This structure, support and strength continues to be the basis for our long-term growth. Leveraging our wireless connectivity advantag

Universal Electronics Reports Financial Results for the Second Quarter 2022

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #CE--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced today that, as part of an ongoing supply relationship with Hunter Douglas, UEI has been selected to co-develop and manufacture the recently released PowerView® Gen 3 Remote and PowerView Gen 3 Gateway from Hunter Douglas. PowerView Gen 3 is the next generation of Hunter Douglas' exclusive automated

UEI and Hunter Douglas Release the New PowerView Gen 3 Gateway and Remote Control

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #UEI--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, will host a conference call at 4:30 p.m. ET on Thursday, August 4, 2022, to discuss its second quarter 2022 earnings results. Management will provide a financial and business update as well as answer questions. To access the call please dial 800-715-9871 or 646-307-1963 approximately 15 minutes prior to the

Universal Electronics Inc. to Host Second Quarter 2022 Financial Results Conference Call on August 4th

BRENTFORD, England--(BUSINESS WIRE)---- $UEIC #RDKTech--Universal Electronics Inc. (UEI) (NASDAQ:UEIC), the world leader in universal control technology for entertainment and smart home, at the 2022 RDK Tech Summit has announced the release of two new voice remotes for RDK. RDK is one of the leading broadband and pay-tv platforms for the cable industry, with the support of hundreds of partner companies and deployed by more than 30 operators. UEI has shipped over 75 million RDK remote controls to date, with leadin

Universal Electronics to Launch New Voice Remotes for RDK Platform at RDK Tech Summit

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #DNAoyj--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, has been selected by Finland-based DNA to debut UEI's award-winning Android TV remote control, UEI KITA. The UEI KITA controller for Android TV has received the prestigious “RedDot” award for its outstanding fit, form and function. The elegant design fits perfectly in users' hands due to its slim rechargeabl

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