Loading...
•
Jun 30, 2021
Universal Electronics Q2 2021 Earnings Report
Reported financial results for the second quarter of 2021.
Key Takeaways
Universal Electronics reported a slight decrease in GAAP net sales, from $153.1 million to $150.5 million. However, the company saw improvements in gross margins and operating income, leading to a second quarter record EPS.
Increased demand is expected in the second half of 2021.
Renewed strength in orders for existing platforms is observed.
Increased adoption of Apple TV remote for multichannel video programming distributors is happening across the world.
Nevo Butler is in a field trial with a major European telco.
Forward Guidance
For the third quarter of 2021, the company expects GAAP net sales to range between $160 million and $170 million. GAAP earnings per diluted share for the third quarter of 2021 are expected to range from $0.61 to $0.71. Adjusted Non-GAAP earnings per diluted share are expected to range from $1.00 to $1.10.
Positive Outlook
- GAAP net sales to range between $160 million and $170 million
- GAAP earnings per diluted share for the third quarter of 2021 are expected to range from $0.61 to $0.71
- Adjusted Non-GAAP net sales to range from $160 million to $170 million
- Adjusted Non-GAAP earnings per diluted share are expected to range from $1.00 to $1.10
- Company believes in its long-term growth targets of sales between 5% and 10% and EPS between 10% and 20%
Challenges Ahead
- Semiconductor component shortages
- Logistical challenges in the second quarter
- Unable to fulfill all orders
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...