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Universal Electronics Earns Spot on Forbes Best Small Companies List

Posted on: Thu, 19 Nov 2009 21:49:00 EST

Symbols: UEIC

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Nov 20, 2009 (Close-Up Media via COMTEX) --
UEIC | Quote | Chart | News | PowerRating -- Universal Electronics (UEI) was ranked 116 on the Forbes 200 Best Small Companies in America listing.

"It is an honor to be recognized by Forbes for the fourth straight year," said Paul Arling, UEI's chairman and chief executive officer. "Throughout UEI's 23-year history, we have focused on introducing innovative new products and technologies, which have led the way to obtaining key customer wins, further building our relationships with existing customers, and expanding our presence into new markets. Looking ahead, we expect 2010 to be another successful year for UEI as we continue to pursue the long-term success and growth of our business, staying true to our strategic vision to become a provider of wireless control technology."

Forbes selected companies with revenue between $5 million and $750 million and with a share price above $5.00. Rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years, as well as comparing the stock performance of each company with that of its peers. Shares of last year's list members outpaced the Russell by 10 percentage points.

Founded in 1986, Universal Electronics (UEI) is a provider of wireless control technology for the connected home. UEI designs, develops, and delivers solutions that enable consumers to control entertainment devices, digital media, and home systems.

Forbes' article:

forbes.com/200best

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