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Universal Electronics Inc (UEIC.OQ)

UEIC.OQ on NASDAQ Stock Exchange Global Select Market

34.01USD
18 Mar 2019
Change (% chg)

$0.37 (+1.10%)
Prev Close
$33.64
Open
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$34.13
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$33.21
Volume
41,588
Avg. Vol
38,651
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$54.15
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$23.33

Latest Key Developments (Source: Significant Developments)

Universal Electronics Reports Fourth Quarter And Year-End 2018 Financial Results
Friday, 22 Feb 2019 

Feb 21 (Reuters) - Universal Electronics Inc ::UNIVERSAL ELECTRONICS REPORTS FOURTH QUARTER AND YEAR-END 2018 FINANCIAL RESULTS.SEES Q1 2019 GAAP EARNINGS PER SHARE $0.10 TO $0.20.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.70.Q4 GAAP LOSS PER SHARE $0.80.SEES Q1 2019 SALES $179 MILLION TO $187 MILLION.Q4 SALES $170.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $184.2 MILLION.SEES Q1 2019 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.70 TO $0.80.Q4 EARNINGS PER SHARE ESTIMATE $0.74 -- REFINITIV IBES DATA.FOR Q1 OF 2019, EXPECTS ADJUSTED NON-GAAP NET SALES TO RANGE BETWEEN $179 MILLION AND $187 MILLION.ADJUSTED NON-GAAP EARNINGS PER DILUTED SHARE ARE EXPECTED TO RANGE FROM $0.70 TO $0.80 FOR Q1.  Full Article

Universal Electronics Announces Corporate Restructuring To Drive Shareholder Value
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Universal Electronics Inc ::UNIVERSAL ELECTRONICS ANNOUNCES CORPORATE RESTRUCTURING TO DRIVE SHAREHOLDER VALUE.UNIVERSAL ELECTRONICS INC - EFFECTIVE FEBRUARY 1, 2019, CHIEF OPERATING OFFICER LOU HUGHES STEPPED DOWN TO EXPLORE OTHER OPPORTUNITIES..UNIVERSAL ELECTRONICS INC - RELOCATING TWO OF ITS REGIONAL OFFICES.UNIVERSAL ELECTRONICS INC - RELOCATING ITS CORPORATE HEADQUARTERS FROM SANTA ANA, CALIFORNIA TO SCOTTSDALE, ARIZONA.UNIVERSAL ELECTRONICS INC - UEI IS ACTIVELY UPGRADING ITS MANUFACTURING FOOTPRINT OUTSIDE CHINA.UNIVERSAL ELECTRONICS - HUGHES WILL CONTINUE TO SERVE IN PART-TIME CAPACITY AS ADVISOR TO CEO TO ENSURE A SMOOTH TRANSITION OF HIS COO DUTIES..UNIVERSAL ELECTRONICS - TO OFFSET IMPACT OF HIGHER US TARIFFS FOR PRODUCTS MADE IN CHINA, CO ACTIVELY MOVING PRODUCTION TO UEM, IN MEXICO.UNIVERSAL ELECTRONICS - MOVING REGIONAL ENGINEERING LEADERSHIP, SUPPLY CHAIN AND CUSTOMER SUPPORT FUNCTIONS OUT OF HONG KONG OFFICES TO UEI FACILITIES IN PANYU, SHUZOU.UNIVERSAL ELECTRONICS - ACTIVELY MOVING PRODUCTION TO UEM, ITS EXPANDED FACILITY IN MEXICO, AND TO NEW CONTRACT MANUFACTURING PARTNER IN PHILIPPINES.UNIVERSAL ELECTRONICS INC - UEI ANTICIPATES COMPLETING TRANSITIONS OUTSIDE CHINA TRANSITIONS IN FIRST HALF OF 2019.UNIVERSAL ELECTRONICS INC - JOSEPH MIKETO HAS RE-JOINED COMPANY AS SVP, MANUFACTURING AND OPERATIONS.  Full Article

Universal Electronics Reports Q3 GAAP Earnings Per Share of $0.07
Friday, 9 Nov 2018 

Nov 8 (Reuters) - Universal Electronics Inc ::UNIVERSAL ELECTRONICS REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.SEES Q4 2018 GAAP EARNINGS PER SHARE $0.10 TO $0.20.SEES Q4 2018 SALES $180 MILLION TO $188 MILLION.SEES Q4 2018 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.70 TO $0.80.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.69.Q3 GAAP EARNINGS PER SHARE $0.07.Q3 SALES $182.7 MILLION VERSUS $175.7 MILLION.UNIVERSAL ELECTRONICS - SEES FY SALES FROM HOME AUTOMATION PRODUCTS AND TECHNOLOGIES MORE THAN $130 MILLION.  Full Article

Universal Electronics' Board Authorizes $10 Million Share Buyback Program
Wednesday, 16 May 2018 

May 16 (Reuters) - Universal Electronics Inc ::UNIVERSAL ELECTRONICS - ON MAY 11, BOARD AUTHORIZED SHARE BUYBACK PURSUANT TO WHICH CO MAY BUY SHARES FOR PRICE NOT EXCEEDING $10 MILLION UNTIL AUG 2.  Full Article

Universal Electronics's Unit To Sell Ownership Interest In Gemstar Technology China
Tuesday, 24 Apr 2018 

April 23 (Reuters) - Universal Electronics Inc ::UNIVERSAL ELECTRONICS - C.G. DEVELOPMENT LIMITED TO SELL ITS OWNERSHIP INTEREST IN GEMSTAR TECHNOLOGY (CHINA) TO GUANGZHOU MUXIA HOTEL MANAGEMENT.UNIVERSAL ELECTRONICS - ON APRIL 17, UNIT & GUANGZHOU JUNHAO INVESTMENT CO MUTUALLY AGREED TO TERMINATE SEPT. 30, 2016 TRANSFER AGREEMENT.UNIVERSAL ELECTRONICS - IN EXCHANGE FOR SALE OF 100% OF CAPITAL OF STOCK OF GEMSTAR CHINA, GMHM WILL PAY UNIT RMB$338.9 MILLION IN CASH.  Full Article

Universal Electronics posts Q3 adj. earnings $0.81/shr
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Universal Electronics Inc :Universal Electronics reports third quarter 2017 financial results.Sees Q4 2017 GAAP earnings per share $0.07 to $0.17.Q3 adjusted non-GAAP earnings per share $0.81.Q3 GAAP earnings per share $0.12.Sees Q4 2017 sales $172 million to $180 million.Q3 sales $175.7 million versus I/B/E/S view $182.3 million.Sees Q4 2017 adjusted non-GAAP earnings per share $0.55 to $0.65.Q3 earnings per share view $0.85 -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.86, revenue view $175.9 million -- Thomson Reuters I/B/E/S.  Full Article

Universal Electronics Inc says ‍on Oct. 27, co entered into second amended, restated credit agreement
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Universal Electronics Inc :Universal Electronics Inc - ‍on October 27, 2017, co entered into a second amended and restated credit agreement - SEC filing​.Universal Electronics Inc - ‍under second amended credit agreement, existing revolving credit line was increased from $125.0 million to $170.0 million​.  Full Article