Universal Electronics Inc. (NASDAQ:UEIC) Q3 2020 Earnings Conference Call November 5, 2020 4:30 PM ET Company Participants Kirsten Chapman - Investor Relations Paul Arling - Chairman and Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Richard Magnuson - B. Riley Greg Burns - Sidoti & Company Operator Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2020 Universal Electronics Financial Results Conference Call. At this time, all pa ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements%20(Unaudited)) Universal Electronics Inc.'s unaudited consolidated financial statements, including balance sheets, statements of operations, comprehensive income, stockholders' equity, and cash flows, are presented for periods ending September 30, 2020 [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to **$508.6 million** from **$564.2 million** at December 31, 2019, primarily due to reductions in inventories and accounts payable, while total stockholders' equity increased to **$296.6 million** Consolidated Balance Sheet Highlights (in thousands) | Account | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Cash and cash equivalents | $67,146 | $74,302 | | Inventories | $115,750 | $145,135 | | Total current assets | $329,824 | $378,752 | | Total assets | $508,617 | $564,159 | | Line of credit | $50,000 | $68,000 | | Total liabilities | $212,062 | $289,760 | | Total stockholders' equity | $296,555 | $274,399 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Q3 2020 net sales decreased to **$153.5 million**, but operating income increased to **$10.2 million**, and net income more than doubled to **$6.2 million** year-over-year, with a significant swing to **$26.4 million** net income for the nine-month period Q3 2020 vs Q3 2019 Performance (in thousands, except per share) | Metric | Q3 2020 | Q3 2019 | | :--- | :--- | :--- | | Net sales | $153,505 | $200,724 | | Gross profit | $44,156 | $46,479 | | Operating income | $10,246 | $6,127 | | Net income | $6,168 | $2,669 | | Diluted EPS | $0.43 | $0.19 | Nine Months 2020 vs 2019 Performance (in thousands, except per share) | Metric | Nine Months 2020 | Nine Months 2019 | | :--- | :--- | :--- | | Net sales | $458,416 | $578,783 | | Operating income | $24,752 | $3,864 | | Net income (loss) | $26,414 | $(3,397) | | Diluted EPS (loss) | $1.86 | $(0.25) | - An accrued social insurance adjustment of **$9.5 million** was recorded in the first nine months of 2020, significantly boosting income before taxes[10](index=10&type=chunk) [Consolidated Comprehensive Income (Loss) Statements](index=5&type=section&id=Consolidated%20Comprehensive%20Income%20(Loss)%20Statements) Comprehensive income for Q3 2020 significantly improved to **$11.2 million** from a **$2.8 million** comprehensive loss in Q3 2019, driven by higher net income and a positive foreign currency translation adjustment of **$5.0 million** Comprehensive Income (Loss) (in thousands) | Metric | Q3 2020 | Q3 2019 | Nine Months 2020 | Nine Months 2019 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) | $6,168 | $2,669 | $26,414 | $(3,397) | | Foreign currency translation | $5,005 | $(5,457) | $(2,774) | $(5,557) | | **Comprehensive income (loss)** | **$11,173** | **$(2,788)** | **$23,640** | **$(8,954)** | [Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity increased to **$296.6 million** by September 30, 2020, primarily due to **$26.4 million** net income, partially offset by **$9.8 million** in treasury stock purchases and a negative currency translation adjustment of **$2.8 million** for the nine-month period - Key drivers of the change in stockholders' equity during the first nine months of 2020 included net income, currency translation adjustments, and the purchase of treasury shares[15](index=15&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities was **$43.8 million** for the nine months ended September 30, 2020, with net cash used in investing and financing activities leading to a **$7.2 million** net decrease in cash Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash from operating activities | $43,827 | $39,921 | | Net cash used for investing activities | $(16,618) | $(17,359) | | Net cash used for financing activities | $(30,913) | $(19,081) | | **Net decrease in cash** | **$(7,156)** | **$1,522** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, revenue recognition, customer concentration, legal proceedings, and other key aspects of the financial statements, highlighting Comcast Corporation as a major customer and ongoing patent litigation with Roku, Inc - The COVID-19 pandemic has created uncertainties that may impact the company's estimates, judgments, and the carrying values of assets and liabilities, though no specific updates were required as of the report date[24](index=24&type=chunk) Net Sales by Major Customer (>10%) | Customer | Q3 2020 % of Sales | Nine Months 2020 % of Sales | | :--- | :--- | :--- | | Comcast Corporation | 21.2% | 20.7% | | Sony Corporation | 10.4% | N/A | - The company is engaged in multiple legal actions against Roku, Inc and others, alleging patent infringement, and has filed a complaint with the International Trade Commission (ITC)[75](index=75&type=chunk)[76](index=76&type=chunk)[78](index=78&type=chunk) - In June 2020, the company reversed an accrued social insurance liability of approximately **$9.5 million** related to its sold Guangzhou entity as an indemnification period expired[70](index=70&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a **23.5%** decrease in Q3 2020 net sales to **$153.5 million** due to COVID-19, offset by improved gross margin of **28.8%** and increased operating income of **$10.2 million**, with sufficient liquidity maintained - The COVID-19 pandemic negatively impacted sales demand and caused supply chain disruptions, and the company expects this negative impact on sales to continue for the remainder of 2020[122](index=122&type=chunk)[129](index=129&type=chunk) Q3 2020 vs Q3 2019 Results Summary | Metric | Q3 2020 | Q3 2019 | Change | | :--- | :--- | :--- | :--- | | Net Sales | $153.5M | $200.7M | -23.5% | | Gross Margin % | 28.8% | 23.2% | +5.6 p.p. | | Operating Income | $10.2M | $6.1M | +67.2% | - Gross margin improvement was driven by reduced U.S. tariff expense, better operational efficiency at the Mexico facility, and increased royalty revenue[130](index=130&type=chunk) - SG&A expenses decreased from **$32.4 million** to **$26.2 million** in Q3 year-over-year, primarily due to lower incentive compensation, reduced contingent consideration, and discretionary spending cuts related to COVID-19[132](index=132&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate and foreign currency fluctuations, particularly with the Chinese Yuan Renminbi, and uses foreign currency exchange contracts to mitigate some of this risk - A 100 basis point increase in interest rates would have an approximate annual impact of **$0.4 million** on net income based on the outstanding credit line balance at September 30, 2020[163](index=163&type=chunk) - The most significant foreign currency exposure is to the Chinese Yuan Renminbi, as it is the functional currency for its China-based factories, where a strengthening Yuan increases manufacturing costs[165](index=165&type=chunk) - Management estimates that a **10%** fluctuation in key foreign currency exchange rates relative to the U.S. Dollar would impact Q4 2020 net income by approximately **$6.6 million**[168](index=168&type=chunk) [Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2020, with no material changes in internal control over financial reporting during the third quarter - The principal executive and financial officers concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[170](index=170&type=chunk) - No changes occurred in the company's internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[171](index=171&type=chunk) [PART II. OTHER INFORMATION](index=34&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) This section incorporates by reference the discussion of ongoing litigation matters from Note 11 of the financial statements, detailing patent infringement lawsuits against Roku, Inc. and other entities - The company is subject to various lawsuits arising from its business operations, with detailed information on these matters provided in Note 11 of the Notes to Consolidated Financial Statements[172](index=172&type=chunk) [Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) The COVID-19 pandemic is a primary risk factor, having negatively impacted sales and posing ongoing risks to business operations, financial condition, and supply chains - The COVID-19 pandemic is a primary risk factor, having negatively impacted sales volumes in the first nine months of 2020 and is expected to continue posing risks to business operations, financial condition, and cash flows[174](index=174&type=chunk) - Potential effects of the pandemic include reduced consumer confidence, disruptions in manufacturing and supply chains, and the weakening financial position of some customers[176](index=176&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q3 2020, the company repurchased **90,890** shares for approximately **$3.4 million**, and a new share repurchase program for up to **500,000** shares was approved effective November 10, 2020 Stock Repurchases (Q3 2020) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | July 2020 | 625 | $46.29 | | August 2020 | 3,317 | $45.30 | | September 2020 | 86,948 | $37.23 | | **Total** | **90,890** | **$37.59** | - On October 28, 2020, the Board terminated the September 2020 repurchase program and replaced it with a new program, effective November 10, 2020, to repurchase up to **500,000** shares[86](index=86&type=chunk)[177](index=177&type=chunk) [Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including required certifications by the Chief Executive Officer and Chief Financial Officer and Inline XBRL documents - Exhibits filed with this report include Rule 13a-14(a) and Section 1350 certifications from the CEO and CFO, as well as Inline XBRL data files[179](index=179&type=chunk) [Signatures](index=37&type=section&id=Signatures) The report is duly signed on behalf of Universal Electronics Inc. by its Chief Financial Officer, Bryan M. Hackworth, on November 5, 2020 - The Form 10-Q was signed on November 5, 2020, by Bryan M. Hackworth, Chief Financial Officer[183](index=183&type=chunk)

Universal Electronics, Inc. (NASDAQ:UEIC) Q2 2020 Earnings Conference Call August 6, 2020 4:30 PM ET Company Participants Kirsten Chapman - LHA Investor Relations Paul Arling - Chairman & Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Steven Frankel - Dougherty Securities Operator Ladies and gentlemen, thank you for standing by and welcome to the Universal Electronics, Inc. Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a l ...

PART I. FINANCIAL INFORMATION [Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements%20(Unaudited)) Unaudited consolidated financial statements for Q2 2020 reflect a significant turnaround to **$14.4 million** net income, largely due to a **$9.5 million** social insurance liability reversal, alongside decreased assets and operating cash flow [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $58,832 | $74,302 | | Total current assets | $350,950 | $378,752 | | Total assets | $526,420 | $564,159 | | **Liabilities & Equity** | | | | Total current liabilities | $222,249 | $266,456 | | Total liabilities | $240,288 | $289,760 | | Total stockholders' equity | $286,132 | $274,399 | - Total assets decreased from **$564.2 million** at the end of 2019 to **$526.4 million** as of June 30, 2020, primarily due to a reduction in cash and cash equivalents, inventories, and contract assets[8](index=8&type=chunk) - Total liabilities decreased from **$289.8 million** to **$240.3 million**, mainly driven by a significant reduction in accrued compensation and accounts payable[8](index=8&type=chunk) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Quarterly Operating Results (in thousands, except per share data) | Metric | Q2 2020 | Q2 2019 | | :--- | :--- | :--- | | Net sales | $153,133 | $193,896 | | Gross profit | $38,075 | $33,993 | | Operating income (loss) | $6,460 | $(3,926) | | Accrued social insurance adjustment | $9,464 | $— | | Net income (loss) | $14,400 | $(5,061) | | Diluted EPS | $1.02 | $(0.37) | - Net sales for Q2 2020 decreased by **21.0%** year-over-year to **$153.1 million**[11](index=11&type=chunk) - The company reported a net income of **$14.4 million** in Q2 2020, a significant improvement from a net loss of **$5.1 million** in Q2 2019, primarily due to a **$9.5 million** gain from an accrued social insurance adjustment[11](index=11&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash from operating activities | $4,487 | $20,233 | | Net cash used for investing activities | $(9,787) | $(11,353) | | Net cash used for financing activities | $(4,496) | $(12,155) | | Effect of exchange rate changes | $(5,674) | $(367) | | **Net decrease in cash** | **$(15,470)** | **$(3,642)** | - Net cash provided by operating activities decreased significantly to **$4.5 million** in the first six months of 2020 from **$20.2 million** in the same period of 2019, mainly due to changes in accounts payable and accrued liabilities[21](index=21&type=chunk) - Cash and cash equivalents decreased by **$15.5 million** during the first six months of 2020, ending the period at **$58.8 million**[21](index=21&type=chunk) [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Key notes detail the impact of COVID-19, significant customer concentration, a **$9.5 million** social insurance liability reversal, ongoing litigation, and performance-based warrants - Comcast Corporation was a major customer, accounting for **19.3%** of net sales in Q2 2020 and **20.5%** in the first six months of 2020; Daikin Industries Ltd. also became a major customer, representing **10.7%** of net sales in Q2 2020[38](index=38&type=chunk) - In June 2020, the company reversed an accrued social insurance liability of approximately **$9.5 million** related to its previously sold Guangzhou entity, as the two-year indemnification period expired[70](index=70&type=chunk)[132](index=132&type=chunk) - The company is involved in multiple legal proceedings with Roku, Inc., including a patent infringement lawsuit and an ITC investigation; the company also settled a dispute with Ruwido in May 2020[76](index=76&type=chunk)[77](index=77&type=chunk)[78](index=78&type=chunk) - Performance-based warrants issued to Comcast are contingent on purchase levels; for the period ending Dec 31, 2019, Comcast vested in **100,000** warrants out of a potential **250,000**[93](index=93&type=chunk)[94](index=94&type=chunk) [Management's Discussion and Analysis (MD&A)](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2020 sales decline due to COVID-19, improved gross margin, and liquidity management [COVID-19 Impact](index=29&type=section&id=COVID-19%20Impact) - The COVID-19 pandemic has caused a global economic slowdown, and its impact on the company's operations and financial performance remains uncertain[116](index=116&type=chunk) - The company experienced temporary factory closures in China (two weeks in Q1) and Mexico (over one week in Q2) due to government mandates, implementing safety measures like temperature scans, masks, and social distancing[117](index=117&type=chunk) - Management anticipates a negative impact on sales demand for Q3 and possibly the rest of 2020 due to the pandemic, with observed supply chain disruptions[119](index=119&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) Comparison of Three Months Ended June 30, 2020 and 2019 (in millions) | Metric | Q2 2020 | Q2 2019 | Change (%) | | :--- | :--- | :--- | :--- | | Net Sales | $153.1 | $193.9 | -21.0% | | Gross Profit | $38.1 | $34.0 | +12.1% | | Gross Margin | 24.9% | 17.5% | +7.4 pts | | Operating Income (Loss) | $6.5 | $(3.9) | N/A | - The **21.0%** decrease in Q2 net sales was primarily attributed to the COVID-19 pandemic's adverse effect on demand and the supply chain[126](index=126&type=chunk) - Gross margin increased to **24.9%** in Q2 2020 from **17.5%** in Q2 2019, driven by lower U.S. tariff expenses, improved operational efficiencies in the Mexico facility, higher royalty revenue, and favorable currency exchange rates[127](index=127&type=chunk) - A **$9.5 million** reversal of an accrued social insurance liability related to a previously sold Guangzhou entity significantly boosted income[132](index=132&type=chunk) [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) - Net cash from operating activities for the first six months of 2020 was **$4.5 million**, a sharp decrease from **$20.2 million** in the same period of 2019[143](index=143&type=chunk) - As of June 30, 2020, the company had **$58.8 million** in cash and cash equivalents and **$49.3 million** available for borrowing under its **$125.0 million** credit line[151](index=151&type=chunk)[157](index=157&type=chunk) - The company suspended its share repurchase program (2020 Plan) due to uncertainties surrounding the COVID-19 pandemic[84](index=84&type=chunk)[147](index=147&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate and foreign currency fluctuations, with a **10%** adverse FX movement potentially impacting Q3 net income by **$6.4 million** - The company is exposed to interest rate risk on its credit line; a **100 basis point** increase in interest rates would impact annual net income by approximately **$0.5 million** based on the June 30, 2020 outstanding balance[163](index=163&type=chunk) - Significant foreign currency exchange rate risk exists, particularly with the Chinese Yuan Renminbi (CNY), as most products are manufactured in China; a stronger CNY increases manufacturing costs[165](index=165&type=chunk) - A sensitivity analysis indicates that a **10%** adverse fluctuation in the exchange rates of key currencies (CNY, MXN, GBP, EUR, etc.) against the U.S. Dollar would cause a fluctuation of approximately **$6.4 million** in net income for the third quarter of 2020[168](index=168&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of June 30, 2020, with no material changes in internal control over financial reporting during the quarter - Based on an evaluation as of the end of the period, the principal executive and financial officers concluded that the company's disclosure controls and procedures were effective[170](index=170&type=chunk) - There were no changes in internal control over financial reporting during the fiscal quarter that have materially affected, or are reasonably likely to materially affect, these controls[171](index=171&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings typical for its industry, with specific details referenced from Note 11 of the financial statements - The company is involved in various lawsuits typical for its industry, including claims related to patent infringement and product liability[82](index=82&type=chunk)[172](index=172&type=chunk) - For detailed information on specific litigation, the report refers to Note 11 in the Notes to Consolidated Financial Statements, which covers matters with Ruwido (settled) and Roku (ongoing)[172](index=172&type=chunk) [Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) The ongoing COVID-19 pandemic is highlighted as a significant risk factor, potentially impacting demand, supply chains, and overall financial condition - The COVID-19 pandemic is a significant risk factor, impacting global economic activity, consumer confidence, and business spending, which may reduce sales and margins[174](index=174&type=chunk)[177](index=177&type=chunk) - The pandemic poses risks of disruptions in manufacturing operations and the supply chain, particularly from geographic areas impacted by containment measures[177](index=177&type=chunk) - The ultimate impact of COVID-19 is uncertain and depends on future developments, including the duration of the pandemic and its effect on the global economy[177](index=177&type=chunk) [Share Repurchases and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **3,107** shares in Q2 2020 for employee tax obligations, but suspended its 2020 repurchase plan due to COVID-19 uncertainties Share Repurchases for Q2 2020 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2020 | — | $— | | May 2020 | 3,107 | $36.87 | | June 2020 | — | $— | | **Total** | **3,107** | **$36.87** | - On March 10, 2020, the Board approved a new plan authorizing the repurchase of up to **300,000** shares (the "2020 Plan"); as of June 30, 2020, **175,127** shares remained available for repurchase under this plan[178](index=178&type=chunk) - The company has suspended share repurchasing under its 2020 Plan due to uncertainties surrounding the COVID-19 pandemic, but may resume when conditions warrant[178](index=178&type=chunk)

15th Annual Needham Virtual Technology & Media Conference May 20, 2020 NASDAQ GS: UEIC Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of federal securities laws, including net sales, profit margin and earnings trends, estimates and assumptions; our expectations about new product introductions; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of ...

Universal Electronics, Inc. (NASDAQ:UEIC) Q1 2020 Earnings Conference Call May 7, 2020 4:30 PM ET Company Participants Kirsten Chapman - LHA Investor Relations Paul Arling - Chairman & CEO Bryan Hackworth - CFO Conference Call Participants Steven Frankel - Dougherty Greg Burns - Sidoti Jeff Van Sinderen - B. Riley Operator Thank you all for joining us today. This is Kirsten Chapman of LHA Investor Relations. And you're joining the Universal Electronics' First Quarter 2020 Financial Results Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________ FORM 10-Q _______________________________________ (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNIVERSAL ELECTRONICS INC. (Exact Name of Registrant as Specified in its Charter) Delaware 33-0204817 (State or Other Jurisdiction of Incorporation or Organization) 15147 N. Scottsdale Road, Suite H300 Scottsdale, Arizona 85254-2494 (I.R.S. Employer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________ FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Universal Electronics, Inc. (NASDAQ:UEIC) Q4 2019 Earnings Conference Call February 20, 2020 4:30 PM ET Company Participants Kirsten Chapman - LHA Investor Relations Paul Arling - Chairman & CEO Bryan Hackworth - CFO & SVP Conference Call Participants Jeffrey Van Sinderen - B. Riley FBR, Inc. Steven Frankel - Dougherty & Company Gregory Burns - Sidoti & Company Operator Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter and Year-End 2019 Universal Electronics Inc. Earnings Co ...

Investor Presentation 22nd Annual Needham Growth Conference NASDAQ GS: UEIC Safe Harbor Statement During this presentation, Management will reference Adjusted Non-GAAP information, including Adjusted Non-GAAP net sales, Adjusted Non-GAAP gross profit, Adjusted Non-GAAP net income, and Adjusted Non-GAAP diluted earnings per share. References to Adjusted Non-GAAP information are to non-GAAP measures. These measures are not in accordance with, or an alternative for, GAAP and may be different from non-GAAP meas ...