Universal Electronics Inc. (NASDAQ:UEIC) Q1 2018 Earnings Conference Call - Final Transcript

May 03, 2018 • 04:30 pm ET


Universal Electronics Inc. (NASDAQ:UEIC) Q1 2018 Earnings Conference Call - Final Transcript


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Good day ladies and gentlemen and welcome to the First Quarter 2018 Universal Electronics Incorporated Earnings Conference Call.

[Operator Instructions]

I would now like to turn the call over to Kirsten Chapman. You may begin.

Kirsten Chapman

Thank you, Michelle and thank you all for joining us for the Universal Electronics' first quarter 2018 financial results conference call. By now, you should have received a copy of the press release. If you have not, please contact LHA at (415)-433-3777. This call is being broadcast live over the Internet, a webcast will be available for one-year at www.uei.com.

In addition, any additional updated material non-public information that might be discussed during this call will be provided on the Company's website, where it will be retained for at least one-year. You may also access that information by listening to the webcast replay. After reading a safe harbor statement, I'll turn the call over to management.

During the course of this conference call, management may make projections or other forward-looking statements regarding future events and future financial performance of the Company, including the Company's ability to anticipate the needs and wants of its customers and timely develop and deliver products and technologies that meet those needs and wants. Including the Company's advanced control products, which include the continued adoption of our voice remote control and intuitive two-way home entertainment technologies by existing and new customers.

The continued incorporation of our QuickSet technologies and to customer products, as expected by management, the continued acceptance and growth of companies connected home products and technologies including security and control, temperature controllers and automation and other technologies identified on this call; the timing of new product roll-out orders from the company's customers anticipated by the management, the continued trend of the industry in providing consumers with more advanced technologies, the successful completion of the sales of the Company's Southern China factory as expected by management, management's ability to manage its business to achieve its revenue, margin and earnings as guided and other factors described in the Company's filings with the US Securities and Exchange Commission.

Management wishes to caution you that these statements are just projections, and actual results or events may differ materially from those projections. The Company undertakes no obligation to revise or update these statements to reflect events or circumstances that may arise after today's date.

For further detail on risk, management refers you to the press release mentioned at the onset of this call and the documents the Company files from time to time with the SEC, including the annual report on Form 10-K for the year ended December 31, 2017, and periodic reports filed thereafter. These documents, along with the risks identified on this call, contain and identify various factors that could cause actual results to differ materially from those contained in management's projections or forward-looking statements.

In management's financial remarks, adjusted non-GAAP metrics will be referenced. Management provides adjusted non-GAAP metrics because it uses them for budgeting planning and purposes and for making operational