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Mar 31, 2021
Universal Electronics Q1 2021 Earnings Report
Reported solid financial results leveraging technology innovation, strong customer relations, and operational excellence.
Key Takeaways
Universal Electronics Inc. reported GAAP net sales of $150.5 million and GAAP net income of $7.0 million, or $0.49 per diluted share, for the three months ended March 31, 2021. The company expects GAAP net sales to range between $153 million and $163 million for the second quarter of 2021.
Wireless control technologies lead the industry.
Advanced technology secures repeat customers and creates new opportunities.
Smarter living solutions consistently capture the imagination of cable, satellite, telecom, and new streaming service operators; OEM brands; and integrators.
Customers continue to be deeply committed to the design and production of their advanced technology solutions.
Forward Guidance
For the second quarter of 2021, the company expects GAAP net sales to range between $153 million and $163 million, compared to $153.1 million in the second quarter of 2020. GAAP earnings per diluted share for the second quarter of 2021 are expected to range from $0.44 to $0.54, compared to a GAAP earnings per diluted share of $1.02 in the second quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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