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 Inc. (NASDAQ: UEIC) announced that its Chairman and CEO, Paul Arling, along with Senior VP and CFO, Bryan Hackworth, will attend the 16th Annual Needham Virtual Technology and Media Conference from May 17-20, 2021. Management will conduct one-on-one meetings on May 18 and 19, with a presentation scheduled for 12:45 PM ET on May 19. Webcasting of the presentation will be available live and on replay for 90 days on their investor relations site.
Universal Electronics Inc. (UEI) reported Q1 2021 financial results with GAAP net sales of $150.5 million, slightly down from $151.8 million in Q1 2020. Gross margins improved to 30.8% versus 28.3% year-over-year. Net income rose to $7.0 million or $0.49 per diluted share, compared to $5.8 million or $0.41 a year earlier. For Q2 2021, UEI anticipates GAAP net sales between $153 million and $163 million, with EPS expected between $0.44 and $0.54. Long-term growth targets remain at 5%-10% sales growth and 10%-20% EPS growth.
Universal Electronics Inc. (UEI) will host a conference call on May 6, 2021, at 4:30 p.m. ET to discuss its Q1 2021 earnings results. The call aims to provide a comprehensive financial and business update while addressing investor queries. Interested participants can join by dialing the appropriate numbers for U.S. or international access, with a conference ID of 9779890. The event will also be broadcast live on the company's investor website and will remain available for replay for one year.
Universal Electronics Inc. (UEI) has announced a partnership with Instreamatic to develop interactive voice-enabled advertising for home entertainment devices, including smart TVs and set-top boxes. This collaboration aims to enhance ad experiences through conversational content, leveraging UEI's leadership in voice technology. Instreamatic’s platform will allow advertisers to manage and monetize ads effectively. Solutions are expected to be available for smart TV manufacturers by April 2021 and for video service providers by June 2021. UEI aims to drive increased revenue opportunities for its customers through this integration.
Universal Electronics (UEIC) announced that Paul Arling, Chairman and CEO, along with Bryan Hackworth, Senior VP and CFO, will attend the Sidoti Spring 2021 Virtual Conference. They are scheduled for one-on-one meetings on March 24 and 25, with a formal presentation at 1:00 PM ET on March 25. A webcast of the presentation will be available live and for replay for 90 days.
Universal Electronics Inc. (UEIC) will host a virtual Investor Day on March 19, 2021, starting at 9:00 a.m. PT/12:00 p.m. ET. CEO Paul Arling and the leadership team will discuss the company's vision, strategy, and financial outlook, highlighting trends and opportunities within their business channels. Attendees can preview UEI's latest product innovations aimed at enhancing smart home experiences. Pre-registration for the event is available here. A recording will be accessible for one year on the Investor section of UEI's website.
Universal Electronics Inc. (UEIC) announced the availability of its QuickSet technology on LG's webOS TV platform, enhancing device discovery and control for smart home devices. This partnership aims to improve user experience with advanced features such as voice control and automated setup. UEI's QuickSet, a key element of LG's ecosystem, supports over 1 million unique devices from 12,000 brands. The collaboration highlights UEI's long-term relationship with LG and positions the company favorably in the growing connected devices market.
Universal Electronics Inc. (UEI) reported its financial results for Q4 and FY 2020, indicating a profitable year despite lower sales. Q4 GAAP net sales totaled $156.3 million, down from $174.7 million, but gross margins reached a decade-high of 32.7%. For FY 2020, GAAP net sales were $614.7 million, a decrease from $753.5 million. Net income rose significantly to $38.6 million, or $2.72 per diluted share. UEI projects Q1 2021 GAAP net sales between $150 million and $160 million, with diluted EPS expected between $0.40 and $0.50.
Universal Electronics (UEI) has launched the Comfort family of connected thermostats aimed at simplifying climate control in residential, commercial, and hospitality settings. These innovative thermostats feature a large color display and advanced sensing capabilities, including temperature, humidity, and CO2 monitoring. The first model will be available in H2 2021, with further adaptations for the hospitality sector. The product leverages UEI's QuickSet Cloud for easy setup and interoperability with smart home devices, promising energy savings without compromising comfort.
FAQ
What is the current stock price of Universal Electronics (UEIC)?
What is the market cap of Universal Electronics (UEIC)?
What does Universal Electronics Inc. (UEIC) specialize in?
How many patents does Universal Electronics Inc. hold?
What are some key markets for UEIC products?
Where is Universal Electronics Inc. located?
What new areas has UEIC expanded into since 2015?
Who are UEIC's main clients?
What percentage of UEIC's revenue comes from the United States?
What makes UEIC a leader in its industry?
What kind of products does UEIC manufacture?
How has UEIC transformed the home entertainment control industry?
