Ubiquiti Inc. (UI) announced its fourth-quarter earnings, reporting a net income of $103.80 million, or $1.72 per share. This performance is consistent with the same period last year, which also saw earnings of $103.68 million, or $1.72 per share.
On an adjusted basis, excluding certain items, Ubiquiti Inc. achieved earnings of $105.05 million, translating to $1.74 per share.
The company's revenue for the fourth quarter experienced a 3.3% increase, reaching $507.46 million, up from the previous year's $491.09 million.
Summary of Ubiquiti Inc.'s fourth-quarter results (GAAP):
- Net Income: $103.80 million, compared to $103.68 million last year.
- Earnings Per Share: $1.72, unchanged from last year.
- Revenue: $507.46 million, up from $491.09 million last year.
