Universal Electronics Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Universal Electronics Inc. has submitted its 2023 10-K filing detailing financial performance and key balance sheet items for the fiscal year ending December 31, 2023.</b>

AI Summary

UNIVERSAL ELECTRONICS INC (UEIC) filed a Annual Report (10-K) with the SEC on March 14, 2024. Universal Electronics Inc. filed its 2023 Form 10-K on March 14, 2024, reporting on the fiscal year ending December 31, 2023. The company's principal business is in Household Audio & Video Equipment, SIC code 3651. The filing includes financial data for the fiscal years 2021, 2022, and 2023. Key financial statement elements such as Common Stock, Treasury Stock, Additional Paid-In Capital, Accumulated Other Comprehensive Income, and Retained Earnings are detailed for the periods ending December 31, 2020, 2021, 2022, and 2023. Shipping and Handling costs are reported for fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking UNIVERSAL ELECTRONICS INC, this filing contains several important signals. This filing provides a comprehensive overview of Universal Electronics Inc.'s financial health and operational results for the past fiscal year, crucial for investors and stakeholders to assess performance and make informed decisions. The detailed financial data, including historical comparisons and specific line items, allows for trend analysis and evaluation of the company's financial position and changes over time.

Risk Assessment

Risk Level: low — UNIVERSAL ELECTRONICS INC shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative disclosures, indicating a routine update of financial information.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-K to understand the company's performance drivers and outlook for the upcoming year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-14 — Filing Date (Date of submission)
• 2023 — Fiscal Year (Primary year for reporting)
• 2022 — Previous Fiscal Year (Comparative year)
• 2021 — Prior Fiscal Year (Comparative year)

Key Players & Entities

• UNIVERSAL ELECTRONICS INC (company) — Filer name
• 0000101984 (company) — Central Index Key
• 3651 (regulator) — Standard Industrial Classification
• DE (company) — State of Incorporation
• SCOTTSDALE (company) — Business Address City
• AZ (company) — Business Address State
• 480-530-3000 (company) — Business Phone

FAQ

Industry Context

Universal Electronics Inc. operates within the Household Audio & Video Equipment industry, a sector focused on consumer electronics for entertainment and home use.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.

What Investors Should Do

1. Analyze the consolidated financial statements for the fiscal years ended December 31, 2023, 2022, and 2021.
2. Review the Management's Discussion and Analysis of Financial Condition and Results of Operations section for insights into performance drivers.
3. Examine any disclosed risk factors or legal proceedings that may impact the company's future operations.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-14: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed for the 2023 fiscal year, providing a baseline for future comparisons.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share UEIC The NASDAQ Stock Market

Filing Documents

• ueic-20231231.htm (10-K) — 1963KB
• a10k20231231-ex1024.htm (EX-10.24) — 76KB
• a10k20231231-ex141.htm (EX-14.1) — 75KB
• a10k20231231-ex211.htm (EX-21.1) — 7KB
• a10k20231231-ex231.htm (EX-23.1) — 2KB
• a10k20231231-ex311.htm (EX-31.1) — 10KB
• a10k20231231-ex312.htm (EX-31.2) — 10KB
• a10k20231231-ex321.htm (EX-32.1) — 4KB
• a10k20231231-ex322.htm (EX-32.2) — 4KB
• a10k20231231-ex971.htm (EX-97.1) — 37KB
• image_0.jpg (GRAPHIC) — 17KB
• ueic-20231231_g1.jpg (GRAPHIC) — 182KB
• 0000101984-24-000048.txt (&nbsp;) — 12477KB
• ueic-20231231.xsd (EX-101.SCH) — 83KB
• ueic-20231231_cal.xml (EX-101.CAL) — 126KB
• ueic-20231231_def.xml (EX-101.DEF) — 382KB
• ueic-20231231_lab.xml (EX-101.LAB) — 1000KB
• ueic-20231231_pre.xml (EX-101.PRE) — 733KB
• ueic-20231231_htm.xml (XML) — 1912KB

Signatures

Signatures 86 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS Universal Electronics Inc. ("UEI" or the "Company") was incorporated under the laws of Delaware in 1986 and began operations in 1987. The principal executive offices are located at 15147 N. Scottsdale Road, Suite H300, Scottsdale, Arizona 85254. As used herein, the terms "we", "us" and "our" refer to UEI and its subsidiaries unless the context indicates to the contrary. Additional information regarding UEI may be obtained at www.uei.com. Our website address is not intended to function as a hyperlink and the information available at our website address is not incorporated by reference into this Annual Report on Form 10-K. We make our periodic and current reports, together with amendments to these reports, available on our website, free of charge, as soon as reasonably practicable after such material is electronically filed with, or furnished to, the U.S. Securities and Exchange Commission ("SEC"). The SEC maintains a website at www.sec.gov that contains the reports, proxy and other information that we file electronically with the SEC. Our business is comprised of one reportable segment. Sales We design, develop, manufacture, ship and support control and sensor technology solutions and a broad line of universal control systems, audio-video ("AV") accessories, wireless security and smart home products that are used by the world's leading brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. Our product and technology offerings include: easy-to-use, voice-enabled, automatically-programmed universal, two-way radio frequency ("RF") as well as infrared ("IR") remote controls, sold primarily to video service providers (cable, satellite, Internet Protocol television ("IPTV") and Over the Top ("OTT") services), original equipment manufacturers ("OEMs"), retailers and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energ

View Full Filing

View this 10-K filing on SEC EDGAR