Universal Display Corporation (NASDAQ:OLED) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Darice Liu - Director, Investor Relations Steve Abramson - President and CEO Sid Rosenblatt - Executive Vice President and CFO Conference Call Participants Brian Lee - Goldman Sachs Krish Sankar - Cowen and Company Mehdi Hosseini - SIG C.J. Muse - Evercore ISI Shannon Cross - Cross Research Sidney Ho - Deutsche Bank Operator Good day, ladies and gentlemen. And welcome to Universal Display ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from ____________ to ___________ Commission File Number 1-12031 Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNIVERSAL DISPLAY CORPORATION (Exact name of registrant as specified in its charter) Indicate by ch ...

Universal Display Corporation (NASDAQ:OLED) Q4 2020 Earnings Conference Call February 18, 2021 5:00 PM ET Company Participants Darice Liu - Director of Investor Relations and Corporate Communications Steven Abramson - President and Chief Executive Officer Sidney Rosenblatt - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Group, Inc. Robert Mertens - Cowen and Company, LLC James Ricchiuti - Needham & Company, LLC Matthew Prisco - Evercore ISI Patri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 1-12031 UNIVERSAL DISPLAY CORPORATION (Exact name of registrant as specified in its charter) | Pennsylvania | 23 ...

Financial Data and Key Metrics Changes - The company reported third-quarter 2020 revenues of $117 million, up from $58 million in the second quarter of 2020 and $98 million in the third quarter of 2019 [30] - Operating profit for the third quarter was $48.4 million, compared to an operating loss of $1.2 million in the previous quarter and an operating income of $40.8 million in the same quarter last year [37] - Net income for the third quarter was $40.5 million, or $0.85 per diluted share, compared to $815,000 or $0.02 per diluted share in the previous quarter and $37 million or $0.78 per diluted share in the same quarter last year [38] - The company ended the quarter with $673 million in cash and equivalents, translating to over $14 of cash per diluted share [38] Business Line Data and Key Metrics Changes - Total material sales in the third quarter were $68.7 million, significantly up from $31.9 million in the second quarter and $51.8 million in the third quarter of 2019 [30] - Green emitter sales reached $52.9 million in the third quarter, compared to $24.2 million in the second quarter and $40.2 million in the third quarter of 2019 [31] - Royalty and license fees for the third quarter were $44.6 million, up from $22.4 million in the second quarter and $43 million in the third quarter of 2019 [34] Market Data and Key Metrics Changes - The company noted a significant increase in customer orders starting in July, which continued through August and September, indicating strong demand in the consumer electronics market [9] - The company highlighted the launch of new OLED consumer electronic models, including Apple's iPhone 12 series and Samsung's Galaxy Z Fold 2, which are expected to drive further growth in OLED adoption [11][13] Company Strategy and Development Direction - The company aims to strengthen its position in the OLED ecosystem by expanding customer partnerships, enhancing R&D efforts, and fortifying product development [24] - The focus remains on advancing phosphorescent technology and materials, with ongoing development work for commercial phosphorescent blue emissive systems [25][26] - The company is committed to sustainability, innovation, and continuous improvement, aiming to contribute positively to the industry and communities [47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of demand for OLED technology, despite uncertainties related to the COVID-19 pandemic [9] - The company anticipates that 2020 revenues will be in the range of $385 million to $400 million, with expectations for meaningful growth in 2021 as new OLED production comes online [10][38] - Management acknowledged the challenges posed by the pandemic but remains optimistic about the long-term growth potential of the OLED market [61] Other Important Information - The Board of Directors approved a quarterly dividend of $0.15, reflecting the company's commitment to return capital to shareholders [39] - The company is actively involved in educational initiatives to inspire future generations in STEM fields [43][45] Q&A Session Summary Question: Customer breakdown and Huawei embargo impact - Management believes that inventory has been burned through for a large Chinese customer, and the impact of the Huawei issue may not significantly affect the company if overall industry growth remains intact [51] Question: Guidance and revenue trends - Management indicated that the guidance for the fourth quarter reflects various factors including panel production schedules and year-end inventory issues, and they are comfortable with the current guidance [56][74] Question: Developmental materials and gross margins - Management noted that developmental materials are across the board and that gross margins are expected to remain intact as economies of scale kick in once materials move into commercial production [66][68] Question: TV market outlook - Management expressed optimism about the OLED TV market growth, with expectations for pricing to come down as production increases, which will drive further adoption [99][118] Question: OVJP technology development - Management outlined that commercialization of OVJP technology is expected to be three to five years away, with ongoing R&D and equipment design efforts [110]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 1-12031 UNIVERSAL DISPLAY CORPORATION (Exact name of registrant as specified in its charter) Pennsylvan ...

Universal Display Corporation (NASDAQ:OLED) Q2 2020 Earnings Conference Call August 6, 2020 5:00 PM ET Company Participants Darice Liu - Director of Investor Relations Steve Abramson - President and Chief Executive Officer Sid Rosenblatt - Executive Vice President and Chief Financial Officer Conference Call Participants Sidney Ho - Deutsche Bank Krish Sankar - Cowen & Company Shannon Cross - Cross Research C.J. Muse - Evercore Brian Lee - Goldman Sachs Mehdi Hosseini - SIG Andrew DeGasperi - Berenberg Jim R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 1-12031 UNIVERSAL DISPLAY CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 23 ...

Universal Display Corporation (NASDAQ:OLED) 2020 Annual Meeting of Shareholders June 18, 2020 2:00 PM ET Company Participants Steve Abramson - Director, President and Chief Executive Officer Sherwin Seligsohn - Founder and Chairman of the Board Sidney Rosenblatt - Executive Vice President, Chief Financial Officer, Treasurer and Secretary Cynthia Comparin - Independent Board Member Richard Elias - Independent Board Member Beth Gemmill - Independent Board Member Keith Hartley - Independent Board Member Celia ...

Summary of Universal Display Corporation Conference Call Company Overview - **Company**: Universal Display Corporation (NASDAQ: OLED) - **Event**: Cowen and Company Virtual 2020 Technology, Media & Telecom Conference - **Date**: May 28, 2020 - **Participants**: Sid Rosenblatt (CFO), Krish Sankar (Cowen and Company) Key Points Industry Context - The conference call occurred during the COVID-19 pandemic, which significantly impacted supply chains and customer behavior in the technology sector [3][4]. Financial Insights - A notable $20 million in revenue was pulled into the March quarter due to customer concerns about supply chain disruptions caused by COVID-19 [3]. - The decision to pull orders was made early in the pandemic, around February 20, when uncertainty was high regarding future supply and demand [4]. Customer Behavior - Customers opted to pull in orders to ensure sufficient inventory levels amid the uncertainty, indicating a proactive approach to managing potential supply chain issues [4]. Future Revenue Implications - There is a question regarding whether the pull-in of orders will impact future revenue, suggesting that the company is closely monitoring the situation to assess long-term effects [3]. Additional Considerations - The call highlighted the challenges of navigating financial discussions during uncertain times, emphasizing the need for efficient communication [2]. - The CFO acknowledged the difficulties in providing clear guidance due to the rapidly changing environment [2].