NASDAQ$UEIC

Universal Electronics Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2022.

Universal Electronics reported GAAP net sales of $139.1 million, compared to $150.5 million, and GAAP net income of $3.0 million, or $0.23 per diluted share, compared to $5.6 million or $0.40 per diluted share for the three months ended June 30, 2022.

  • GAAP net sales were $139.1 million, compared to $150.5 million.
  • GAAP gross margins were 28.3%, compared to 29.7%.
  • GAAP operating income was $5.5 million, compared to $9.0 million.
  • GAAP net income was $3.0 million, or $0.23 per diluted share, compared to $5.6 million or $0.40 per diluted share.

Headline financials

Total Revenue

$139M

Previous: $150M-7.6%
EPS (adj)

$0.66

Previous: $0.98-32.7%
Capital Expenditures

-$5.48M

Previous: -$6.21M+11.7%
Free Cash Flow

-$2.49M

Previous: -$613K-306.9%
Net Income

$2.99M

Previous: $5.59M-46.6%
Operating Income

$5.5M

Previous: $9.02M-39.1%
Gross Profit

$39.4M

Previous: $44.7M-11.8%
Cash & Equivalents

$46.1M

Previous: $67.7M-31.9%
Total Assets

$516M

Previous: $521M-1.0%
Stock-Based Comp

$2.64M

Previous: $2.44M+7.9%

Revenue & EPS history

Universal Electronics · Revenue · Quarterly

$139M

Q2 2022-7.6%vs Q2 2021
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Forward guidance

For the third quarter of 2022, the company expects GAAP net sales to range between $145 million and $155 million, and GAAP earnings per diluted share for the third quarter of 2022 are expected to range from $0.39 to $0.49.

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 Q2 2022

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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