Universal Safety Products, Inc. Reports First-Quarter Results
Universal Safety Products (NYSE American: UUU) reported its fiscal Q1 2025 results, with sales declining to $3.82 million from $4.60 million in the same period last year. The company posted a significant net income of $1.81 million ($0.78 per share), compared to a net loss of $442,206 ($0.19 per share) in Q1 2024.
The improved bottom line was primarily driven by a $2.82 million gain from the sale of its smoke and carbon monoxide alarm segment in May 2025. However, ongoing sales were negatively impacted by increased import tariffs across all product lines. The company plans to maintain operations in its wiring device and bath fan segments while exploring growth opportunities.
The balance sheet shows a strong cash position of $3.82 million, up from $321,539 year-over-year, and the company has eliminated its line of credit, which stood at $2.22 million last year.
Universal Safety Products (NYSE American: UUU) ha comunicato i risultati del primo trimestre fiscale 2025: i ricavi sono calati a $3.82 milioni rispetto a $4.60 milioni nello stesso periodo dell'anno precedente. La societ脿 ha registrato un utile netto significativo di $1.81 milioni ($0.78 per azione), rispetto a una perdita netta di $442.206 ($0.19 per azione) nel primo trimestre 2024.
Il miglioramento dell'utile 猫 stato principalmente determinato da un guadagno di $2.82 milioni derivante dalla cessione del segmento di rilevatori di fumo e monossido di carbonio avvenuta a maggio 2025. Tuttavia, le vendite correnti sono state penalizzate dall'aumento dei dazi d'importazione su tutte le linee di prodotto. L'azienda intende mantenere attive le divisioni di dispositivi elettrici e ventilatori per bagno, pur valutando opportunit脿 di crescita.
Lo stato patrimoniale mostra una solida posizione di cassa di $3.82 milioni, in aumento rispetto a $321.539 su base annua, e l'azienda ha eliminato la linea di credito che ammontava a $2.22 milioni lo scorso anno.
Universal Safety Products (NYSE American: UUU) inform贸 sus resultados del primer trimestre fiscal de 2025: las ventas descendieron a $3.82 millones desde $4.60 millones en el mismo per铆odo del a帽o anterior. La compa帽铆a present贸 una ganancia neta significativa de $1.81 millones ($0.78 por acci贸n), frente a una p茅rdida neta de $442,206 ($0.19 por acci贸n) en el primer trimestre de 2024.
La mejora en el resultado neto se debi贸 principalmente a una ganancia de $2.82 millones por la venta de su segmento de detectores de humo y mon贸xido de carbono en mayo de 2025. No obstante, las ventas continuas se vieron afectadas negativamente por el aumento de los aranceles de importaci贸n en todas las l铆neas de producto. La compa帽铆a planea mantener las operaciones en sus segmentos de dispositivos de cableado y ventiladores de ba帽o mientras explora oportunidades de crecimiento.
El balance muestra una s贸lida posici贸n de efectivo de $3.82 millones, frente a $321,539 interanual, y la empresa ha eliminado su l铆nea de cr茅dito, que era de $2.22 millones el a帽o pasado.
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Universal Safety Products (NYSE American: UUU) a publi茅 ses r茅sultats pour le premier trimestre fiscal 2025 : les ventes ont diminu茅 脿 3,82 millions de $ contre 4,60 millions de $ sur la m锚me p茅riode l'an dernier. La soci茅t茅 a enregistr茅 un b茅n茅fice net significatif de 1,81 million de $ (0,78 $ par action), contre une perte nette de 442 206 $ (0,19 $ par action) au T1 2024.
La progression du r茅sultat net provient principalement d'une plus-value de 2,82 millions de $ li茅e 脿 la cession de son activit茅 d茅tecteurs de fum茅e et de monoxyde de carbone en mai 2025. Cependant, les ventes courantes ont 茅t茅 p茅nalis茅es par l'augmentation des droits d'importation sur toutes les gammes de produits. La soci茅t茅 pr茅voit de maintenir ses activit茅s dans les segments appareils de c芒blage et ventilateurs de salle de bains tout en explorant des opportunit茅s de croissance.
Le bilan fait 茅tat d'une position de tr茅sorerie solide de 3,82 millions de $, en hausse par rapport 脿 321 539 $ en glissement annuel, et la soci茅t茅 a supprim茅 sa ligne de cr茅dit qui s'茅levait 脿 2,22 millions de $ l'an dernier.
Universal Safety Products (NYSE American: UUU) meldete seine Ergebnisse f眉r das Gesch盲ftsjahr 1. Quartal 2025: der Umsatz sank auf $3.82 Millionen gegen眉ber $4.60 Millionen im Vorjahreszeitraum. Das Unternehmen erzielte einen deutlichen Nettogewinn von $1.81 Millionen ($0.78 je Aktie), verglichen mit einem Nettoverlust von $442.206 ($0.19 je Aktie) im 1. Quartal 2024.
Die Verbesserung des Ergebnisses wurde haupts盲chlich durch einen $2.82 Millionen Gewinn aus dem Verkauf des Gesch盲ftsbereichs f眉r Rauch- und Kohlenmonoxidmelder im Mai 2025 getragen. Laufende Ums盲tze wurden jedoch durch erh枚hte Einfuhrz枚lle 眉ber alle Produktlinien hinweg negativ beeinflusst. Das Unternehmen plant, die Bereiche Verdrahtungsger盲te und Badl眉fter weiterzuf眉hren und gleichzeitig Wachstumschancen zu pr眉fen.
Die Bilanz zeigt eine starke Barposition von $3.82 Millionen, gegen眉ber $321.539 im Vorjahresvergleich, und das Unternehmen hat seine Kreditlinie, die im Vorjahr $2.22 Millionen betrug, abgebaut.
- Net income increased significantly to $1.81 million from a loss of $442,206 year-over-year
- Cash position strengthened to $3.82 million from $321,539 year-over-year
- Gained $2.82 million from strategic sale of smoke alarm segment
- Eliminated line of credit debt previously at $2.22 million
- Total shareholders' equity improved to $6.97 million from $4.52 million
- Sales declined 16.8% to $3.82 million from $4.60 million year-over-year
- Increased import tariffs negatively impacting all product lines
- Loss of revenue stream from divested smoke alarm segment
- Inventory reduced significantly to $1.01 million from $5.11 million, indicating potential supply chain concerns
Insights
UUU reported profit due to a one-time segment sale while facing declining core business amid tariff challenges.
Universal Safety Products (UUU) reported a deceptively positive quarter that requires careful analysis. The headline
Revenue declined by
Inventory has been dramatically reduced by
The CEO's statement that they plan to "continue operations in the wiring device and bath fan segments" while seeking "other opportunities to grow shareholder value" signals a strategic pivot, but provides little concrete direction about future growth plans. With tariff headwinds explicitly mentioned as hurting sales, and no clear growth strategy articulated beyond the remaining business segments, investors should closely monitor upcoming quarters to determine if the core business can sustain profitability without further asset sales.
OWINGS MILLS, Md., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Universal Safety Products, Inc. (NYSE American: UUU) today announced results for its fiscal quarter ended June 30, 2025.
The Company reported sales of
Harvey Grossblatt - President and CEO said: 鈥淪ales were lower in the current quarter since we sold our smoke alarm segment in May 2025. Sales were further negatively impacted by the increased import tariffs on all of our products. Our plans are to continue operations in the wiring device and bath fan segments of our business and look for other opportunities to grow shareholder value.鈥�
UNIVERSAL SAFETY PRODUCTS, INC. is a distributor of safety and security devices. Founded in 1969, the Company has an over 56-year heritage of developing innovative and easy-to-install products.听 For more information on Universal Safety Products, Inc., visit our website at .
"Safe Harbor鈥� Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties.听 Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, currency fluctuations, the impact of current and future laws and governmental regulations, and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements.听 We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.听 We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
| 听 | |||||||
| UNIVERSAL SAFETY PRODUCTS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | |||||||
| 听 | 听 | ||||||
| 听 | Three Months Ended June 30, | ||||||
| 听 | 2025 | 听 | 2024 | ||||
| Sales | $ | 3,824,247 | 听 | 听 | $ | 4,598,516 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net Income (Loss): | 听 | 1,810,321 | 听 | 听 | 听 | (442,206 | ) |
| Net Income (Loss) per share 鈥� basic and diluted | 听 | 0.78 | 听 | 听 | 听 | (0.19 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Weighted average number of common shares outstanding: | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Basic and diluted | 听 | 2,312,887 | 听 | 听 | 听 | 2,312,887 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| 听 | |||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) | |||||||
| 听 | 听 | ||||||
| ASSETS | 听 | ||||||
| 听 | June 30, 2025 | 听 | June 30, 2024 | ||||
| Cash | $ | 3,820,394 | 听 | 听 | $ | 321,539 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Accounts receivable and amount due from factor | 听 | 2,676,543 | 听 | 听 | 听 | 2,955,164 | 听 |
| Inventory | 听 | 1,012,259 | 听 | 听 | 听 | 5,106,588 | 听 |
| Prepaid expense | 听 | 71,030 | 听 | 听 | 听 | 132,241 | 听 |
| 听 | 听 | 听 | |||||
| TOTAL CURRENT ASSETS | 听 | 7,580.226 | 听 | 听 | 听 | 8,515,532 | 听 |
| 听 | 听 | 听 | |||||
| PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS鈥揘ET | 听 | - | 听 | 听 | 听 | 149,925 | 听 |
| 听 | 听 | 听 | |||||
| TOTAL ASSETS | $ | 7,580,226 | 听 | 听 | $ | 8,665,457 | 听 |
| 听 | |||||||
| LIABILITIES AND SHAREHOLDERS鈥� EQUITY | 听 | 听 | |||||
| 听 | 听 | 听 | |||||
| Line of credit 鈥� factor | $ | - | 听 | 听 | $ | 2,223,419 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Short-term portion of operating lease liability | 听 | - | 听 | 听 | 听 | 132,659 | 听 |
| Accounts payable | 听 | 260,212 | 听 | 听 | 听 | 1,526,605 | 听 |
| Accrued liabilities | 听 | 345,982 | 听 | 听 | 听 | 261,953 | 听 |
| TOTAL CURRENT LIABILITIES | 听 | 606,194 | 听 | 听 | 听 | 4,144,636 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| COMMITMENTS AND CONTINGENCIES | 听 | - | 听 | 听 | 听 | - | 听 |
| 听 | 听 | 听 | |||||
| SHAREHOLDERS鈥� EQUITY: | 听 | 听 | |||||
| Common stock, $.01 par value per share; authorized 20,000,000 shares; issued and outstanding 2,312,887 at June 30, 2025 and 2024 | 听 | 23,129 | 听 | 听 | 听 | 23,129 | 听 |
| Additional paid-in capital | 听 | 12,885,841 | 听 | 听 | 听 | 12,885,841 | 听 |
| Accumulated Deficit | 听 | (5,934,938 | ) | 听 | 听 | (8,388,149 | ) |
| 听 | 听 | 听 | |||||
| TOTAL SHAREHOLDERS鈥� EQUITY | 听 | 6,974,032 | 听 | 听 | 听 | 4,520,821 | 听 |
| TOTAL LIABILITIES AND SHAREHOLDERS鈥� EQUITY | $ | 7,580,226 | 听 | 听 | $ | 8,665,457 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
Contact: Harvey Grossblatt, CEO
Universal Safety Products, Inc.
(410) 363-3000, Ext. 224
FAQ
What were Universal Safety Products' (UUU) Q1 2025 earnings results?
Why did Universal Safety Products' (UUU) sales decline in Q1 2025?
How much did Universal Safety Products (UUU) receive from selling its smoke alarm segment?
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