UEIC - Earnings call Q1 2026

Good afternoon. My name is Kevin, and I'll be your conference operator today. I would like to welcome everyone to Universal Electric's (sic) [Electronics] First Quarter 2026 Financial Results Conference Call.[Operator Instructions] I will now turn the call over to General Counsel, Ryan Hochgesang. Please go ahead.

Thank you, operator, and thank you all for joining us for the Universal Electronics First Quarter 2026 Financial Results Conference Call. By now, you should have received a copy of the press release.

If you have not, please visit the Investor Relations section of our website. This call is being broadcast live over the Internet. A webcast replay of this call, including any additional updated material nonpublic information that might be discussed during this call will be available on the company's website at www.uei.com for a period of 1 year.

During this call, management may make forward-looking statements regarding future events and the future financial performance of the company and cautions you that these statements are just projections, and actual results or events may differ materially from these projections. These statements include the company's goals, focus, strategies and opportunities, market trends, including in the Connected Home and the Home Entertainment markets, expectations with respect to customer orders and customer demand, including short-term and long-term demand, R&D and product development activities, restructuring plans and actions, including expected benefits and timing, financial projections and forecasts, including revenue, gross profit, operating profit and net income, adjusted free cash flow, cash, cost reductions and working capital, our ability to respond to business and regulatory changes such as tariffs and macroeconomic conditions and expectations with respect to our ongoing litigation.

The company undertakes no obligation to revise or update these statements to reflect events or circumstances that may arise after today's