UEIC News & Events

The company said, "For fiscal year 2026, our revenue expectations are tempered as home entertainment has secular market headwinds and the connected home products have yet to reach an inflection point. Our expectation for revenue is a decline year over year. We expect to rapidly reduce operational costs to increase profits given the revenue uncertainty. We plan to align our cost structure to market realities to generate improved profits over last year. Strategic actions are expected to structurally reduce working capital and free up more cash from operations. Adjusted non-GAAP dilutive earnings per share is expected to range from $0.45 to $0.65 compared to Adjusted non-GAAP earnings of $0.31 per share in fiscal year 2025."

Reports Q4 revenue $87.7M vs $110.5M last year. "Q4 and 2025 overall was defined by decisive action, operational discipline, and measurable progress toward putting UEI back on the path toward profitability - delivering the company's first profitable year since 2022 on a non-GAAP basis. Looking ahead, Home Entertainment is a mature business where the legacy revenue trends are well understood while the Connected Home revenue inflection is taking longer than expected. Given this set of market conditions, we are restructuring and refocusing the company to improve efficiency in operations, improve profitability and generate increased. levels of cash flow. In FY 2026 we will be manically focused on improving profits and cash flow. We believe this is the right path forward to provide us with a better foundation for durable growth over time," said Richard Carnifax, UEI Interim CEO and COO.

Universal Electronics (UEIC) announced that it has appointed Wade Jenke as CFO, effective immediately. Jenke will report to Richard Carnifax, UEI's COO and interim CEO. Sui Man Ho, the company's interim CFO, will continue to serve as the company's senior VP of finance. As CFO, Jenke will be responsible for UEI's financial, accounting, treasury, and investor relations functions, and will implement financial strategies. Most recently, Jenke served as the CFO of Amtech Systems (ASYS).