Universal Electronics reports Q4 adjusted EPS 20c, consensus 14c

Reports Q4 revenue $110.5M, consensus $102.47M. The company said, “UEI closed 2024 with strong performance, with sales above and earnings at the top end of our guidance range. Customer acquisition initiatives and long-lead design wins are coming to fruition. Our perseverance and commitment to the connected home channel is providing meaningful contribution and drove revenue growth of 13% for the fourth quarter of 2024. Combined with our ongoing cost initiatives, bottom line results improved significantly compared to the prior year quarter.”