secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000101984-24-000169
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Electronics Q3 net loss narrows to $2.7M; adj EPS $0.10; Q4 guidance adj EPS $0.10-$0.20
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- Q3 GAAP net sales $102.1M (-4.7% YoY); GAAP gross margin 30.1% vs 19.1% YoY (improvement 1100 bps).
- GAAP operating income $0.4M vs loss $14.0M; GAAP net loss $2.7M ($0.20/sh) vs $19.4M ($1.50/sh).
- Adjusted Non-GAAP net income $1.4M ($0.10/sh) vs adjusted net loss $0.7M ($0.05 loss) YoY.
- Q4 guidance: GAAP net sales $99M-$109M; adj diluted EPS $0.10-$0.20 vs adj loss $0.04 in Q4 2023.
- CEO cites recent design wins with Carrier, Daikin and smart home solution providers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198424000169/0000101984-24-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198424000169/ueic-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000101984-24-000169

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