Universal Electronics Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Universal Electronics (NASDAQ:UEIC) Full Year 2024 Results

Key Financial Results

• Revenue: US$394.9m (down 6.1% from FY 2023).
• Net loss: US$24.0m (loss narrowed by 76% from FY 2023).
• US$1.85 loss per share (improved from US$7.64 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Universal Electronics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 15%.

In the last 12 months, the only revenue segment was Audio/Video Products contributing US$394.9m. Notably, cost of sales worth US$280.9m amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$91.8m (67% of total expenses). Explore how UEIC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 18% from a week ago.

Valuation

Universal Electronics' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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