UEI Still Facing Supply Headwinds, Limiting 2022 Growth, Says Analyst

Though Universal Electronics Inc. and its customers are struggling with supply chain and logistics, the company continues to evolve toward advanced remote controls that make it easier for consumers to navigate multiple services and use voice control for critical functions such as content discovery, Colliers analyst Steven Frankel wrote investors Monday. UEI “remains the leading supplier of these solutions,” said the analyst, saying the company can meet the needs of customers in the CE, MVPD and home control markets. Component shortages will likely limit UEI growth this year, Frankel says, but it’s “a question of when, not if, growth returns.” Colliers modeled a 5% revenue drop for Q4 at $148.6 million. UEI reports earnings Thursday.