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Universal Electronics Inc. (NASDAQ:UEIC) entered into an amendment to its existing credit agreement with U.S. Bank National Association and other lenders on Monday. According to a press release statement, the Eleventh Amendment to the Second Amended and Restated Credit Agreement extends the maturity date of the agreement to September 30, 2027. This move comes as the company maintains a relatively stable debt position, with InvestingPro data showing UEIC holds more cash than debt on its balance sheet, with total debt of $28.83 million.
The amendment also reduces the aggregate credit limit under the facility to $60 million. Additionally, changes were made to the consolidated fixed charge coverage ratio financial covenant and the definition of Consolidated EBITDA. Other provisions of the credit agreement remain substantially unchanged. The company’s financial flexibility is supported by a current ratio of 1.67, indicating its liquid assets exceed short-term obligations according to InvestingPro data.
Universal Electronics, based in Scottsdale, Arizona, manufactures household audio and video equipment. The information is based on the company’s recent filing with the Securities and Exchange Commission.
In other recent news, Universal Electronics Inc. reported its third-quarter earnings for 2025, aligning with analysts’ expectations by posting an earnings per share (EPS) of $0.08. The company, however, reported revenues of $90.6 million, which fell short of forecasts by 5.69%. This revenue shortfall was a notable point for investors considering the company’s financial performance. Despite the revenue miss, the company’s stock experienced some movement in after-hours trading. These developments are part of the recent updates from Universal Electronics. The earnings results and analyst expectations provide insight into the company’s current financial standing. Investors continue to monitor these figures closely for future implications.
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