Universal Power Group, Inc. sells, distributes, and markets batteries, related power accessories, low voltage wire and cable products, and security accessories. The company distributes sealed lead-acid batteries; and assembles lithium-ion and other custom battery packs. Its principal product lines include batteries and custom battery packs of various chemistries, battery chargers, and related accessories; portable battery-powered products, such as jump starters; security system components, including alarm panels, perimeter access controls, horns, sirens, speakers, transformers, cables, and wires; and renewable power products comprising solar power generators and solar products to original eq...
488 South Royal Lane
Coppell, TX 75019
Founded in 1968
Universal Power Group Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Mar 30 15
Universal Power Group reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the year, the company reported 8.6% increase in net sales. The sales growth, which took the company’s revenues to $88,613,000 from $81,617,000, reflected stronger performance across the company’s battery, battery pack, and wire and cable businesses over the year. Net income was $844,000, or $0.17 per diluted share, compared to a net loss of $51,000, or $0.01 per diluted share in 2013. Operating income was $1.8 million compared to operating income of $467,000 in 2013. Generally, the reported increase in operating income is the product of stronger revenues and lower operating expenses more than offsetting unfavorable gross margin due to mix. Income before provision for income taxes was $1,535,000 against $50,000 a year ago. Net cash provided by operating activities was $3,277,000 against $4,543,000 a year ago. Purchases of property and equipment was $4,000 against $248,000 a year ago.
For the quarter, the company reported net sales of $21,472,000 against $19,877,000 a year ago. Operating income was $395,000 against operating loss of $273,000 a year ago. Income before provision for income taxes was $323,000 against loss before provision for income taxes of $354,000 a year ago. Net income was $63,000 against or $0.01 per diluted share net loss of $276,000 or $0.05 per diluted share a year ago.
Universal Power Group Inc., Annual General Meeting, Nov 18, 2014
Oct 17 14
Universal Power Group Inc., Annual General Meeting, Nov 18, 2014., at 10:00 Central Standard Time.
Universal Power Group To Voluntarily Delist Its Common Stock From the NYSE MKT
Oct 22 13
Universal Power Group Inc. announced its board of directors has determined to voluntarily delist the company's common stock from the NYSE MKT and voluntarily deregister from the reporting requirements of the Securities Exchange Act of 1934.