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About Universal Electronics Inc
Universal Electronics Inc (UEIC) is renowned for its advanced control and sensor technology solutions that empower smart home, audio video, and security industries worldwide. With a broad portfolio of patents and significant innovations in universal control systems, the company has established a reputation through its integrated approach to connecting and managing a diverse range of consumer devices. By focusing on the development and support of intelligent sensing technologies, UEIC provides comprehensive solutions that enhance the user experience across smart homes, streaming platforms, and entertainment systems.
Core Business Areas
At the forefront of its operations, Universal Electronics Inc is engaged in the design, development, manufacturing, and shipping of a wide variety of control systems and sensory devices. Its product range spans:
- Universal Control Systems that enable compatibility and seamless interaction across numerous entertainment viewing devices.
- Audio-Video Accessories used across home entertainment and subscription broadcasting markets.
- Wireless Security Solutions that support modern smart home and home automation environments.
- Smart Home Products integrating home automation, intelligent sensing, and security functionalities.
Industry Position and Market Significance
Universal Electronics Inc has carved out a competitive presence in a rapidly evolving market by continually prioritizing research and development. Its technology innovations have not only redefined home entertainment controls but have also paved the way for smarter, more integrated living environments. Operated from the United States, the company generates its revenue through designing and deploying systems that support major brands in the audio video, connected home, and security industries. This strategic positioning is reinforced by a network of global design and development services, which ensures that the company remains at the cutting edge of technological advancements and industry standards.
Technological Innovation and Expertise
The company prides itself on its robust portfolio of intellectual property, which underpins many industry-first innovations. UEIC leverages its deep technical expertise to create products that not only simplify complex consumer interfacing systems but also offer efficient and reliable performance. Emphasis on wireless connectivity, intelligent sensing, and streamlined control protocols reflects its deep-rooted commitment to enhancing both functionality and interoperability in smart devices.
Global Network and Quality Assurance
Operating with a global outlook, Universal Electronics Inc benefits from a widespread network of design and development professionals. This international collaboration enables the continuous improvement and adaptation of its products, ensuring they meet the varied demands of different markets. Quality assurance and adherence to stringent standards across its manufacturing processes underscore the company’s commitment to ensuring that each product delivered meets both customer expectations and rigorous industry benchmarks.
Comprehensive Solution Provider
By integrating its expertise in control systems with innovative sensor technology, Universal Electronics Inc demonstrates a holistic approach to smart home solutions. The company supports not only the technical installation of its products but also offers ongoing support for optimal performance. Its extensive product ecosystem is regularly updated to reflect the evolving needs of modern lifestyles, ensuring that consumers and commercial clients alike benefit from state-of-the-art technology.
Operational Excellence and Research-Driven Strategy
Over several decades, the company has leveraged a research-driven strategy to secure its place as a trusted technology partner in highly competitive markets. Its pioneering work in universal control and sensing technologies has been integral to transforming home entertainment experiences. This continuous pursuit of excellence is mirrored in its expansive portfolio and the commitment to developing practical, user-oriented solutions that efficiently address complex challenges in device interoperability and home automation.
Overall, Universal Electronics Inc stands as a comprehensive provider of control and sensor technology solutions that support a vast array of electronic devices. Its in-depth understanding of industry dynamics, commitment to innovation, and global presence make it a noteworthy entity in the technology sector, emphasizing the importance of connectivity and control in modern living spaces.
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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