secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000101984-22-000057
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Electronics Q3 net income $7.2M ($0.57 EPS) vs prior loss; Q4 guidance below prior year sales but EPS up
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- Q3 GAAP net sales $148.5M (-4.6% YoY); GAAP EPS $0.57 vs ($0.07) loss; adjusted EPS $1.00 vs $1.03.
- Gross margin improved to 29.9% GAAP (30.8% adjusted) from 29.4% (30.4%) YoY.
- Cash and term deposits $61.9M at Sept 30, 2022; no debt mentioned.
- Q4 guidance: GAAP sales $125-140M (down from $144.9M); GAAP EPS $0.37-0.47; adjusted EPS $0.75-0.85.
- CEO cites traction in climate control, home automation, security markets offsetting consumer headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000057/0000101984-22-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000057/ueic-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000101984-22-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer