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Dec 31, 2020
Universal Electronics Q4 2020 Earnings Report
Reported record net income for the fourth quarter and year-end.
Key Takeaways
Universal Electronics Inc. reported strong performance in Q4 2020, driven by investments in innovation, strategies to enrich margins, and tactics to improve operating efficiencies. The company generated its highest margins in over a decade, resulting in the most profitable year in its history despite lower sales.
GAAP net sales were $156.3 million, compared to $174.7 million.
GAAP gross margins were 32.7%, compared to 28.5%.
GAAP operating income was $12.5 million, compared to $11.5 million.
Cash and cash equivalents were $57.2 million at the end of the quarter.
Forward Guidance
For the first quarter of 2021, the company expects GAAP net sales to range between $150 million and $160 million, compared to $151.8 million in the first quarter of 2020. GAAP earnings per diluted share for the first quarter of 2021 are expected to range from $0.40 to $0.50, compared to GAAP earnings of $0.41 in the first quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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