NASDAQ$UEIC
Universal Electronics Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a decrease in net sales and a shift from operating income to operating loss due to persistent supply chain headwinds.
Universal Electronics Inc. reported a decrease in GAAP net sales to $132.4 million compared to $150.5 million in the same period last year, and a GAAP operating loss of $0.6 million compared to an operating income of $8.6 million in the prior year. The company is expecting improvements in supply and increased demand in the second half of 2022.
- GAAP net sales were $132.4 million, compared to $150.5 million.
- GAAP gross margins were 27.4%, compared to 30.8%.
- GAAP operating loss was $0.6 million, compared to operating income of $8.6 million.
- GAAP net loss was $2.9 million, or $0.23 per share, compared to net income of $7.0 million or $0.49 per diluted share.
Headline financials
Revenue & EPS history
Universal Electronics · Revenue · Quarterly
$132M
Forward guidance
For the second quarter of 2022, the company expects GAAP net sales to range between $133 million and $143 million, and GAAP earnings per diluted share to range from $0.23 to $0.33. Adjusted Non-GAAP net sales are expected to range from $133 million to $143 million, and Adjusted Non-GAAP earnings per diluted share are expected to range from $0.53 to $0.63.
Tailwinds
- Expects GAAP net sales to range between $133 million and $143 million.
- GAAP earnings per diluted share are expected to range from $0.23 to $0.33.
- Adjusted Non-GAAP net sales to range from $133 million to $143 million.
- Adjusted Non-GAAP earnings per diluted share are expected to range from $0.53 to $0.63.
- Long-term growth targets of sales between 5% and 10% and EPS between 10% and 20%.
Headwinds
- GAAP net sales in Q2 2021 were $150.5 million, higher than the expected range for Q2 2022.
- GAAP earnings per diluted share in Q2 2021 were $0.40, higher than the expected range for Q2 2022.
- Adjusted Non-GAAP net sales in Q2 2021 were $150.6 million, higher than the expected range for Q2 2022.
- Adjusted Non-GAAP earnings per diluted share in Q2 2021 were $0.98, higher than the expected range for Q2 2022.
- Second quarter 2022 Adjusted Non-GAAP earnings per diluted share estimate excludes $0.30 per share related to excess manufacturing overhead costs, stock-based compensation, amortization of acquired intangibles, litigation costs, foreign currency gains and losses and the related tax impact of these adjustments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-0.4%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-3.1%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+31.6%
Q3 2024
Best reaction
-38.8%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | -7.0% | -11.6% | |
| Q4 2025 | -0.7% | -1.7% | +4.1% | |
| Q3 2025 | +6.6% | -5.7% | -2.4% | |
| Q1 2025 | +4.3% | +17.9% | +10.3% | |
| Q4 2024 | -11.6% | -12.9% | -30.2% | |
| Q3 2024 | +31.6% | +26.7% | +38.9% | |
| Q2 2024 | -14.9% | -15.8% | -17.2% | |
| Q1 2024 | +2.6% | +18.8% | +4.4% | |
| Q4 2023 | +3.1% | -3.6% | +9.1% | |
| Q3 2023 | +10.4% | +5.2% | -1.1% | |
| Q2 2023 | -5.8% | -7.8% | -23.0% | |
| Q1 2023 | -13.8% | -18.8% | -18.9% | |
| Q4 2022 | -32.8% | -39.2% | -60.7% | |
| Q3 2022 | +8.4% | +6.3% | +11.8% | |
| Q2 2022 | -9.9% | -15.9% | -26.1% | |
| Q1 2022 | -6.0% | -7.3% | -9.1% | |
| Q4 2021 | -18.1% | -14.0% | -7.1% | |
| Q3 2021 | -17.9% | -13.1% | -15.5% | |
| Q2 2021 | +7.7% | +8.0% | +16.4% | |
| Q1 2021 | -11.7% | -16.9% | -11.4% | |
| Q4 2020 | +1.2% | +1.6% | +0.6% | |
| Q3 2020 | +13.3% | +19.1% | +50.9% | |
| Q2 2020 | -8.9% | -10.0% | -18.7% | |
| Q1 2020 | -8.0% | -6.2% | +24.6% | |
| Q4 2019 | +13.0% | +5.0% | -31.2% | |
| Q3 2019 | +11.4% | +10.2% | +7.1% | |
| Q2 2019 | +10.8% | +11.5% | +6.8% | |
| Q1 2019 | +11.4% | +13.7% | +1.1% | |
| Q4 2018 | +7.2% | +16.4% | +21.3% | |
| Q3 2018 | +12.2% | +1.3% | -5.9% | |
| Q2 2018 | +24.0% | +18.6% | +19.2% | |
| Q1 2018 | -38.8% | -38.5% | -36.2% | |
| Q4 2017 | +22.6% | +14.4% | +12.7% | |
| Q3 2017 | -16.4% | -17.9% | -15.5% | |
| Q2 2017 | -5.9% | -7.5% | -13.2% | |
| Q1 2017 | -6.7% | -8.4% | -2.2% | |
| Q4 2016 | +14.0% | +16.1% | +6.7% | |
| Q3 2016 | -13.0% | -7.1% | -8.3% | |
| Q2 2016 | -1.3% | -0.2% | -0.3% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | -5.0% | — | — | |
| Q2 2015 | -6.5% | — | — | |
| Q1 2015 | -7.0% | — | — | |
| Q4 2014 | -11.4% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q2 2014 | +10.2% | — | — | |
| Q1 2014 | +9.8% | — | — | |
| Q4 2013 | +10.7% | — | — | |
| Q3 2013 | -5.1% | — | — | |
| Q2 2013 | +10.0% | — | — | |
| Q1 2013 | +12.1% | — | — | |
| Q4 2012 | +1.8% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q4 2010 | -9.8% | — | — | |
| Q2 2011 | -9.8% | — | — | |
| Q2 2010 | -9.8% | — | — | |
| Q1 2010 | +4.4% | — | — |
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