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Jun 30, 2022
Universal Electronics Q2 2022 Earnings Report
Reported financial results for the second quarter of 2022.
Key Takeaways
Universal Electronics reported GAAP net sales of $139.1 million, compared to $150.5 million, and GAAP net income of $3.0 million, or $0.23 per diluted share, compared to $5.6 million or $0.40 per diluted share for the three months ended June 30, 2022.
GAAP net sales were $139.1 million, compared to $150.5 million.
GAAP gross margins were 28.3%, compared to 29.7%.
GAAP operating income was $5.5 million, compared to $9.0 million.
GAAP net income was $3.0 million, or $0.23 per diluted share, compared to $5.6 million or $0.40 per diluted share.
Forward Guidance
For the third quarter of 2022, the company expects GAAP net sales to range between $145 million and $155 million, and GAAP earnings per diluted share for the third quarter of 2022 are expected to range from $0.39 to $0.49.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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