Welcome to our dedicated page for Universal Electronics news (Ticker: UEIC), a resource for investors and traders seeking the latest updates and insights on Universal Electronics stock.
Universal Electronics Inc. (NASDAQ: UEIC) is a leading innovator in universal control and sensing technologies tailored for the smart home ecosystem. With a robust portfolio of over 300 pending and current patents, UEIC boasts the world's most comprehensive database for connecting and controlling thousands of entertainment viewing devices.
Founded over 25 years ago, the company's mission has always been to revolutionize home entertainment and automation. UEIC designs, develops, manufactures, and ships an impressive variety of more than 500 innovative products. These products are integral to the offerings of top global brands in sectors such as audio-video, subscription broadcasting, connected home, and smart devices like tablets and smartphones.
Beyond entertainment, UEIC has expanded its technological reach. In 2015, the company broadened its platform to include advancements in home automation, intelligent sensing, and security solutions. This forward-thinking approach ensures that UEIC remains at the forefront of the rapidly evolving home technology industry.
One of UEIC's significant strengths is its extensive global network of design and development services. This network enables continuous innovation and improvement of their product lines, cementing the company's reputation as an industry leader. Financially, the majority of UEIC's revenue is generated in the United States, reflecting its strong domestic presence and market trust.
In recent developments, UEIC has embarked on several new projects aimed at enhancing smart home capabilities. These initiatives include advanced climate control systems and next-generation AV accessories, designed to provide consumers with unparalleled control and convenience in their home environments.
UEIC's commitment to innovation and quality has transformed home entertainment and automation technologies, offering consumers seamless, integrated experiences that enhance their everyday lives.
Universal Electronics (UEIC) announces its latest innovations at CES 2023, focusing on improving control and support for home entertainment and smart home devices. Key features include the QuickSet Cloud® platform, achieving 288 billion transactions annually and saving over 4 million hours in setup time. UEIC highlights QuickSet® as a Matter Certified Software Platform for enhanced interoperability among smart devices. New products, like UEI TIDE thermostats and the Nevo® Butler smart home gateway, are showcased. This positions UEI as a leader in seamless device integration and customer support.
Universal Electronics (NASDAQ: UEIC) showcased its new Matter-capable products at CES 2023 in
Universal Electronics Inc. (NASDAQ: UEIC) announced that Paul Arling, Chairman and CEO, will be attending the Imperial Capital 2022 Security Investor Conference from December 14-15, 2022.
Management is set to present at 1:15 PM ET on December 15 and will host one-on-one meetings throughout the event. A live webcast of the presentation will be available for 90 days at www.uei.com.
UEI is a leader in wireless universal control solutions for smart home devices and partners with notable customers like Comcast and Samsung.
Universal Electronics Inc. (UEI) reported financial results for Q3 and nine months ending September 30, 2022. GAAP net sales decreased to $148.5 million from $155.6 million year-over-year. However, gross margins improved to 29.9%, reflecting effective product management. UEI achieved triple-digit EPS of $0.57, a significant improvement from last year's loss. Despite ongoing supply constraints and market pressures, UEI anticipates Q4 GAAP net sales of $125-$140 million and expects EPS to range from $0.37 to $0.47. Long-term growth targets remain 5-10% sales growth and 10-20% EPS growth.
Universal Electronics Inc. (UEIC) will host a conference call on November 3, 2022, at 4:30 p.m. ET to discuss its third quarter 2022 earnings results. The management will provide a financial update and answer questions. Universal Electronics is a leader in wireless universal control solutions for home entertainment and smart home devices, partnering with major companies like Comcast and Samsung. For more details, visit www.uei.com.
Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions for home entertainment and smart devices, announced that CEO Paul Arling and CFO Bryan Hackworth will attend the Sidoti Fall Investor Conference on September 21, 2022. They are scheduled for a fireside chat at 12:15 p.m. ET, followed by one-on-one meetings. A live webcast and replay will be available for 90 days on www.uei.com. UEI partners with Fortune 500 companies to deliver innovative solutions, including voice control and QuickSet™ cloud technology.
Universal Electronics Inc. (UEIC) reported Q2 2022 financial results showing GAAP net sales of $139.1 million, a decline from $150.5 million in Q2 2021. GAAP gross margins decreased to 28.3% from 29.7%, with a net income of $3.0 million ($0.23 per share), down from $5.6 million ($0.40 per share) year-over-year. For Q3 2022, UEI expects net sales between $145 million and $155 million, anticipating earnings per diluted share of $0.39 to $0.49. The company maintains a long-term growth target of 5% to 10% in sales and 10% to 20% in EPS.
Universal Electronics Inc. (UEIC) has been selected to co-develop and manufacture the PowerView® Gen 3 Remote and Gateway for Hunter Douglas, enhancing their automated shading systems. The new devices utilize Bluetooth Low Energy technology for improved range and reliability, streamlining installation processes. The updated Pebble Remote adds stylish control options for users. This collaboration is expected to strengthen UEI's position in the home automation market, catering to high expectations from dealers and consumers.
Universal Electronics Inc. (NASDAQ: UEIC) will host a conference call on August 4, 2022, at 4:30 p.m. ET to discuss its second quarter 2022 earnings results. Management will provide a comprehensive financial update along with insights into business performance. Investors and interested parties can join the call by dialing 800-715-9871 or 646-307-1963 and using passcode 4661619. The call will also be available for live streaming on their website and will be accessible for replays for up to 90 days.
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