secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0000101984-21-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UEI Q3 GAAP net loss $0.07/sh; adj. EPS $1.03; Q4 guidance below prior year
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- GAAP net sales $155.6M vs $153.5M (+1.4%); GAAP net loss of $1.0M vs income of $6.2M.
- Adjusted Non-GAAP net income $14.1M ($1.03/diluted share) vs $13.1M ($0.92) a year ago.
- Gross margins improved to 29.4% GAAP and 30.4% adjusted vs 28.8% and 30.0% in Q3 2020.
- Q4 2021 guidance: GAAP net sales $143M-$158M; GAAP EPS $0.10-$0.25 vs $0.86; adjusted EPS $0.65-$0.80 vs $1.14.
- Management cites shipping delays and component shortages as headwinds; expects HVAC design wins to contribute in late 2022/2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198421000062/0000101984-21-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198421000062/ueic-20211104.htm
  HTML page:      https://secwatch.observer/filing/0000101984-21-000062

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