NASDAQ$UEIC

Universal Electronics Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record net income for the fourth quarter and year-end.

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.

Headline financials

Total Revenue

$156M

Previous: $175M-10.5%
EPS (adj)

$1.14

Previous: $0.90+26.7%
Capital Expenditures

$6M

Previous: $5.46M+9.9%
Free Cash Flow

$23.6M

Previous: $39.9M-40.9%
Net Income

$12.2M

Previous: $7.03M+73.0%
Operating Income

$12.5M

Previous: $11.5M+9.3%
Gross Profit

$51.1M

Previous: $49.9M+2.5%
Cash & Equivalents

$57.2M

Previous: $74.3M-23.1%
Total Assets

$510M

Previous: $564M-9.5%
Stock-Based Comp

$2.27M

Previous: $2.13M+6.6%

Revenue & EPS history

Universal Electronics · Revenue · Quarterly

$156M

Q4 2020-10.5%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-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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