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Mar 31, 2020
Universal Electronics Q1 2020 Earnings Report
Reported financial results for Q1 2020.
Key Takeaways
Universal Electronics reported GAAP net sales of $151.8 million and GAAP net income of $5.8 million, or $0.41 per diluted share for the three months ended March 31, 2020.
GAAP net sales were $151.8 million, compared to $184.2 million.
Adjusted Non-GAAP net sales were $152.0 million, compared to $182.7 million.
GAAP operating income was $8.0 million, compared to $1.7 million; Adjusted Non-GAAP operating income was $15.0 million, compared to $14.6 million.
GAAP net income was $5.8 million, or $0.41 per diluted share, compared to net loss of $1.0 million or $0.07 per share; Adjusted Non-GAAP net income was $11.5 million, or $0.81 per diluted share, compared to $11.3 million, or $0.82 per diluted share.
Forward Guidance
For the second quarter of 2020, the company expects GAAP net sales to range between $150 million and $160 million. GAAP earnings per diluted share for the second quarter of 2020 are expected to range from $0.99 to $1.09. Adjusted Non-GAAP earnings per diluted share are expected to range from $0.84 to $0.94.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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