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UEIC News
UEIC Events
Company Expects Adjusted EPS of $0.45 to $0.65 for FY 2026
The company said, "We continue to expect adjusted non-GAAP diluted earnings per share to be in the range of $0.45 to $0.65 for the fiscal year ending December 31, 2026, compared to $0.31 per share in fiscal 2025, consistent with our prior guidance. "
Q2 Revenue Declines to $73.238M from $97.665M Last Year
Reports Q2 revenue $73.238M vs $97.665M last year.
UEI Appoints Wade Jenke as New CEO
UEI announced the appointment of Wade Jenke as President and Chief Executive Officer, succeeding Richard Carnifax, who has resigned from his roles with UEI to pursue a leadership opportunity with a company generating multi-billion-dollar annual revenue. Jenke previously served as UEI's Chief Financial Officer. Raymond Ho has been appointed as UEI's Chief Financial Officer, CFO, succeeding Jenke. Ho previously served as UEI's Interim Chief Financial Officer from September 2025 until December 2025
UEI Reports Q1 Revenue of $79.0M, Exceeds Estimates
Reports Q1 revenue $79.0M, one estimate $73.9M. "Q1 results were broadly consistent with the operating environment we anticipated, reinforcing the decisive actions we took last quarter to strategically restructure and refocus the business," said Richard Carnifax, Interim CEO and COO. "We are already seeing tangible progress in the areas within our control, including a $5.3 million year-over-year reduction in operating expenses and approximately $9.8 million of inventory reduction. Our full-year framework is grounded in disciplined execution - aligning our cost structure, sharpening our portfolio focus and maintaining rigorous working capital management - rather than relying on a near-term recovery in demand. We remain focused on enhancing profitability, generating sustainable cash flow and strengthening the operational and financial flexibility necessary to position UEI for greater long-term resilience and success."
Company Reaffirms 2026 Full-Year Guidance, Expects EPS of $0.45 to $0.65
The company states: "Now that Q1 is behind us, we have greater visibility into the year ahead, and we are pleased to reaffirm that our full-year 2026 guidance remains unchanged from our prior outlook. For the full year 2026, we are guiding to a revenue decline year over year. We expect adjusted non-GAAP diluted earnings per share to be in the range of $0.45 to $0.65, compared to $0.31 per share in fiscal 2025."
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