This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Universal Power Group Reports Third Quarter 2012 Results

Stocks in this article: UPG

Universal Power Group, Inc. (NYSE Amex: UPG), a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider, today announced financial results for the third quarter and nine months ended Sept. 30, 2012. For the third quarter, UPG reported net income of $43,000, or $0.01 per diluted share, on net sales of $22.1 million, compared with net income of $183,000, or $0.04 per diluted share, on net sales of $24.7 million in the third quarter of 2011.

“Our results for the third quarter reflect the continued impact of a number of factors that have affected our results over the past year, including the supply disruptions with a number of our Chinese suppliers,” stated Ian Edmonds, UPG’s President and Chief Executive Officer. “During the third quarter, we saw growth in sales at PTI as well as sales to wholesale customers, but this growth was not sufficient to offset decreased sales to ADT and its authorized dealers as well as customers in the retail channel. With lower net sales, we saw reduced profitability in the quarter.”

Third Quarter and Nine Month Results

Net sales for the third quarter fell 10.4 percent, to $22.1 million, from $24.7 million in the third quarter of 2011. The decrease in net sales in the quarter was primarily the result of a decrease in net sales to retail channels and ADT and its authorized dealers which was offset by an increase of PTI sales.

Gross profit decreased to $3.6 million in the quarter, compared with $4.8 million in the third quarter of 2011, due to the lower sales levels and increase in material and labor costs. Operating expenses decreased to $3.3 million in the third quarter of 2012, from $4.2 million in the third quarter of 2011. The decrease in operating expenses included decreased facilities costs, personnel expenses and legal expenses.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs