---
schema_version: "secwatch.filing_event.v1"
accession: "0000101984-24-000064"
form_type: "8-K"
ticker: "UEIC"
cik: "0000101984"
company_name: "UNIVERSAL ELECTRONICS INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:43:30.169237+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Universal Electronics Q1 sales $91.9M, loss narrows; Q2 sales guidance $90-100M

## Summary
- Q1 net sales $91.9M (down 15% YoY); GAAP net loss $8.6M (-$0.67/share) vs $61.4M loss including $49.1M goodwill impairment in Q1 2023.
- Adjusted non-GAAP net loss $2.5M (-$0.19/share) vs $3.5M loss (-$0.28); adjusted gross margin improved to 29.6% from 25.4%.
- Q2 2024 guidance: GAAP net sales $90-100M, adjusted loss per share $0.10 to $0.00; prior Q2 sales were $107.4M.
- Management cited project wins with six of top ten HVAC equipment makers; repurchased 95k shares for $0.8M in Q1.

## SEC filing metadata
- accession: 0000101984-24-000064
- form_type: 8-K
- ticker: UEIC
- cik: 0000101984
- company_name: UNIVERSAL ELECTRONICS INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101984/000010198424000064/0000101984-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101984/000010198424000064/ueic-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000101984-24-000064
- JSON: https://secwatch.observer/filing/0000101984-24-000064.json
- Plain text: https://secwatch.observer/filing/0000101984-24-000064.txt

## Key facts
- Earnings Releases
  UNIVERSAL ELECTRONICS INC reported three months ended March 31, 2024 results: revenue $91.9 million, net income $8.6 million, or $0.67 per share, EPS $0.67 per share. Guidance initiated.
  - Period: three months ended March 31, 2024
  - Revenue: $91.9 million
  - Net income: $8.6 million, or $0.67 per share
  - EPS: $0.67 per share
  - Guidance: initiated
  - Result: reported results
  source text: our employees around the world remain hard at work to make this a reality.” Financial Results for the Three Months Ended March 31: 2024 Compared to 2023 • GAAP net sales were $91.9 million, compared to $108.4 million; Adjusted Non-GAAP net sales were $91.9 million, compared to $108.4 million. • GAAP gross margins were 28.3%, compared to 22.8%; Adjusted Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/101984/000010198424000064/0000101984-24-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.