Universal Electronics reports Q1 adjusted EPS (12c), consensus (15c)

Reports Q1 revenue $92.3M, consensus $91.99M. Universal Electronics (UEIC)’ Chief Financial Officer Bryan Hackworth stated, “During the first quarter of 2025, we performed well with sales growth in our connected home channel more than offsetting the sales decline in our home entertainment channel, and we expect similar results for the second quarter. Our strategic R&D efforts over the past few years in new growth areas, coupled with a strengthened balance sheet, improved working capital metrics and a more efficient cost structure, provides options from a capital allocation perspective. We currently have approximately 778,000 shares remaining on our share repurchase authorization, and we will begin to buy back shares at an opportunistic price.”