Steve Frankel's questions to UNIVERSAL ELECTRONICS (UEIC) leadership • Q2 2025
Question
Steve Frankel of Rosenblatt Securities asked about the performance of Universal Electronics' North American business, customer concentration in the quarter, historical Q4 segment data to understand future declines, and the impact of tariffs given the planned closure of the Mexico facility.
Answer
COO & Interim CEO Rick Carnifax stated that North American trends remain stable but are being offset by weakness in Latin America and Europe. He also expressed confidence in managing tariff impacts through supply chain flexibility. CFO Bryan Hackworth identified Daikin (18.7%) and Comcast (12.2%) as the quarter's 10% customers. He explained that specific historical Q4 segment data was not yet available due to new reporting systems but noted that both Connected Home and Home Entertainment sales are expected to decline sequentially in Q4.