Loading...
•
Dec 31, 2019
Universal Electronics Q4 2019 Earnings Report
Reported financial results, achieving highest gross and operating margins in four years.
Key Takeaways
Universal Electronics reported a Q4 GAAP net sales of $174.7 million compared to $170.3 million and a GAAP net income of $7.0 million or $0.49 per diluted share compared to a net loss of $11.1 million or $0.80 per diluted share.
GAAP net sales were $174.7 million, compared to $170.3 million.
Adjusted Non-GAAP net sales were $174.8 million, compared to $168.3 million.
GAAP net income was $7.0 million, or $0.49 per diluted share, compared to a GAAP net loss of $11.1 million or $0.80 per diluted share.
Adjusted Non-GAAP net income was $12.8 million, or $0.90 per diluted share, compared to $11.7 million, or $0.84 per diluted share.
Forward Guidance
For the first quarter of 2020, the company expects GAAP net sales to range between $170 million and $180 million and GAAP earnings per diluted share for the first quarter of 2020 are expected to range from $0.36 to $0.46.
Positive Outlook
- The company expects GAAP net sales to range between $170 million and $180 million.
- GAAP earnings per diluted share for the first quarter of 2020 are expected to range from $0.36 to $0.46.
- The company expects Adjusted Non-GAAP net sales to range between $170 million and $180 million.
- Adjusted Non-GAAP earnings per diluted share are expected to range from $0.90 to $1.00
- Management is working diligently to mitigate any negative impact; however, the final outcome remains uncertain at this time.
Challenges Ahead
- Excluding any potential impact related to the COVID-19 virus
- Compared to $184.2 million in the first quarter of 2019.
- Compared to GAAP loss per diluted share of $0.07 in the first quarter of 2019.
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...