Universal Electronics Reports Fourth Quarter and Year-End 2018 Financial Results
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Universal Electronics (UEIC) Misses Q4 EPS by 4c, Revenues Miss; Offers Q1 EPS/Revenue Guidance Above Consensus
February 21, 2019 4:08 PM ESTUniversal Electronics (NASDAQ: UEIC) reported Q4 EPS of $0.70, $0.04 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $169.7 million versus the consensus estimate of $184.16 million.
GAAP net sales were $170.3 million, compared to $181.2 million; Adjusted Non-GAAP net sales were $169.7 million, compared to $180.7 million.GAAP gross margins were 22.0%, compared to 20.9%; Adjusted Non-GAAP gross margins were 27.2%, compared to 23.6%.GAAP operating income was $2.6 million, compared to an operating loss of $0.5 million; Adjusted Non-GAAP operating income was $13.7 million, compared to $10.4 million.GAAP net loss was $11.1 million, or $0.80 per diluted... More