EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the fourth quarter and full year, ended December 31, 2023, will be released on Thursday, February 22, 2024, after market close. At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/. In conjunction with this release, UDC will host a ...

Shares of Universal Display (OLED 1.68%) rose by 13% in December 2023, according to data from S&P Global Market Intelligence. The display technology expert's stock moves largely mirrored the broader market's gains and drops throughout the month, but at an amplified level.A close dance with the leading market indexNo joke. It's actually hard to tell Universal Display's December chart apart from the S&P 500 index, apart from the fact that Universal gained 13% and the popular market index stopped at 4.4%. The ...

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, 2023 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 (Exact name of registrant as specified in its charter) Pennsylvania 23-2372688 (State or other ...

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, 2023 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) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Darice Liu - Senior Director-Investor Relations Steven Abramson - President and Chief Executive Officer Brian Millard - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brian Lee - Goldman Sachs Sydney Ho - Deutsche Bank Mehdi Hosseini - SIG Nam Kim - Arete Research Christopher Grenga - Needham & Company Martin Yang - Oppenheimer Operator Good day, ladi ...

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 March 31, 2023 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 2 ...

Universal Display Corporation (NASDAQ:OLED) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Darice Liu – Senior Director-Investor Relations Steve Abramson – President and Chief Executive Officer Brian Millard – Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brian Lee – Goldman Sachs Krish Sankar – Cowen and Company Sidney Ho – Deutsche Bank Mehdi Hosseini – SIG James Ricchiuti – Needham & Company Atif Malik – Citi Martin Yang – Oppenheim ...

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, 2022 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 - Third quarter 2022 revenue reached a record high of $161 million, compared to $144 million in the prior year period, representing a year-over-year increase of approximately 12% [10][19] - Operating profit was $68 million with an operating margin of 43%, up from $58 million and a 40% margin in the third quarter of 2021 [23][24] - Net income for the third quarter was $53 million or $1.12 per diluted share, compared to $46 million or $0.97 per diluted share in the same quarter of 2021 [24] - Total gross margins were 77%, slightly down from 78% in the prior year [21] Business Line Data and Key Metrics Changes - Total material sales were $84 million in Q3 2022, up from $76 million in Q3 2021 [19] - Green emitter sales, including yellow-green emitters, were $64 million, compared to $58 million in the prior year [20] - Red emitter sales increased to $20 million from $18 million in the same period last year [20] - Royalty and license fees for Q3 2022 were $71 million, up from $64 million in Q3 2021 [20] Market Data and Key Metrics Changes - OLED shipments for IT products are expected to grow more than 400% over the next five years, with unit shipments projected to reach 48.8 million by 2027, up from 9.5 million in 2022 [12] - The OLED market is forecasted to reach approximately $100 billion by 2030, more than doubling from an estimated $45 billion by the end of 2022 [13] Company Strategy and Development Direction - The company believes 2024 will be a pivotal year for the OLED industry, with significant CapEx growth cycles anticipated due to planned investments by panel makers [11] - The company is focusing on expanding its leadership position in the OLED ecosystem and is committed to R&D initiatives to support future growth [30][31] - The Shannon manufacturing site is expected to meet increasing customer needs and diversify the global manufacturing footprint [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that near-term OLED demand may fluctuate due to macroeconomic uncertainties but remains optimistic about long-term growth in the OLED industry [10][11] - The company is committed to investing in R&D and infrastructure despite short-term challenges [30][31] Other Important Information - The Board of Directors approved a $0.30 quarterly dividend, reflecting the company's commitment to return capital to shareholders [25] - The company ended the quarter with approximately $844 million in cash, cash equivalents, and investments, equating to $17.77 per diluted share [24] Q&A Session Summary Question: Thoughts on calendar '23 and deferred revenues - Management indicated that 2023 guidance will be provided in February and noted that macroeconomic conditions will significantly impact demand [35] Question: Progression of gross margins with Shannon underutilization - Management expects to utilize the Shannon facility more effectively as volumes increase, which should help improve margins over time [39] Question: Dynamics in major end markets - Management noted softness across the board but indicated that the high-end cell phone market is holding up reasonably well, with growth expected in IT [46] Question: Share buyback considerations - Management stated that the Board regularly reviews capital structure and options for returning capital to shareholders, with the current focus on the dividend program [61] Question: Pricing strategies and customer demand - Management expressed confidence in current pricing strategies, supported by long-term contracts with customers [72]

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, 2022 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 ...