Wall Street analysts forecast that Universal Display Corp. (OLED) will report quarterly earnings of $1.05 per share in its upcoming release, pointing to a year-over-year increase of 26.5%. It is anticipated that revenues will amount to $146.18 million, exhibiting an increase of 12% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised thei ...

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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 participation in the following industry conferences. Industry Conferences: LOPEC 2024 Date: March 5, 2024 Location: Munich, Germany Presenter: Dr. Mike Hack, Vice President of Business Development Presentation: UDC's Groundbreaking Advances for the OLED Industry 2024 OLED Korea Conference Date: Marc ...

Universal Display Corporation (OLED) reported mixed fourth-quarter 2023 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. The company reported a top-line contraction year over year due to declining trends in several verticals. Constrained consumer spending in the smartphone and premium TV markets impacted net sales. However, the growing demand for OLED displays in a wide range of use cases, such as automotive, AR, VR wearables, gaming, foldable smartphones ...

For the quarter ended December 2023, Universal Display Corp. (OLED) reported revenue of $158.32 million, down 6.3% over the same period last year. EPS came in at $1.29, compared to $1.36 in the year-ago quarter.The reported revenue represents a surprise of -1.79% over the Zacks Consensus Estimate of $161.2 million. With the consensus EPS estimate being $1.18, the EPS surprise was +9.32%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved an increased cash dividend of $0.40 per share on the Company's common stock for the first quarter of 2024, up from the previous quarter’s dividend of $0.35 per share. The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024. The dividend reflects our ex ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Universal Display Corp. (OLED) . This company, which is in the Zacks Electronics - Miscellaneous Components industry, shows potential for another earnings beat.When looking at the last two reports, this organic light-emitting diode technology company has recorded a strong streak of surpassing earnings estimates. The company ha ...

Exhibit 99.1 Press Release Universal Display Contact: Darice Liu investor@oled.com media@oled.com +1 609-964-5123 Universal Display Corporation Announces Fourth Quarter and Full Year 2023 Financial Results EWING, N.J. – February 22, 2024 – Universal Display Corporation (Nasdaq: OLED), enabling energy- efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the fourth quarter and full year ended December 31, 2023. "In 2023, we achieved key mile ...

OLED Technology and Manufacturing - The company has established long-term agreements with major manufacturers such as SDC, LG Display, and BOE, focusing on the supply of phosphorescent OLED materials and licensing of OLED technologies[65][66][67]. - In 2023, the company continued its commercial supply relationships with key partners including BOE, CSOT, LG Display, and Visionox, enhancing its market presence in OLED displays[57][68][69]. - The company’s PHOLED technologies exhibit device efficiencies up to four times higher than traditional fluorescent OLEDs, significantly reducing power requirements for devices[55]. - The company’s manufacturing facility in Shannon, Ireland, is expected to double production capacity for phosphorescent emitters, with operations commencing in June 2022[79]. - The company has been collaborating with PPG since 2000 for the manufacturing scale-up of proprietary OLED materials, ensuring timely access to key raw materials[78]. - The company has developed FOLED technologies for flexible OLEDs, enhancing durability and enabling new applications in portable and rugged devices[58]. - The company is actively pursuing OVJP technology for OLED manufacturing, which could increase the addressable market for large-size OLED panels[59][61]. - The company has maintained strategic relationships with various OLED lighting manufacturers, supporting their evaluation of proprietary OLED materials for commercial applications[73][75]. Intellectual Property and Research - The company has a strong intellectual property portfolio, with numerous patents covering OLED technologies, which are crucial for its licensing business[54][57]. - The company has over 6,000 unexpired issued patents and pending patent applications worldwide as of December 31, 2023[91]. - The company acquired over 550 OLED-related patents from Merck KGaA for a cash payment of $66.0 million, which will be amortized over 10 years[100]. - The company has long-standing research relationships with Princeton University and USC, funding organic electronics research[87]. - The company has entered into various research agreements with universities to enhance PHOLED technology implementation[90]. - The company expects to continue utilizing the majority of Adesis's technology research capacity for OLED technology development[86]. Workforce and Diversity - The company employs 456 active employees, including 321 research scientists, engineers, and laboratory technicians as of December 31, 2023[110]. - Women represent 40% of the executive management team, 21% of leadership roles, and 22% of the total workforce, with 38% of the Board of Directors being women[111]. - The voluntary turnover rate in 2023 was 9%, with an overall employee growth rate of 2%[111]. - The company has employees from over 25 countries, emphasizing the importance of a diverse workforce for business success[111]. - The company is committed to diverse representation across all levels of its workforce to reflect the diversity of the communities in which it operates[111]. Financial and Operational Aspects - The company recorded royalties of $575,000 under the 1997 Amended License Agreement with Princeton for 2023[97]. - Substantially all revenue is derived from outside of North America, primarily denominated in U.S. dollars, thus bearing no significant foreign exchange risk[256]. - The company does not utilize financial instruments for trading purposes and holds no derivative financial instruments that could expose it to significant market risk[255]. - The company has a conservative investment portfolio, and a decrease in investment yields is not expected to have a material negative effect on interest income[255]. - The company does not anticipate incurring substantial costs to comply with environmental protection laws in the foreseeable future[113]. Transparency and Communication - The company provides access to its annual reports and other financial documents through its website, ensuring transparency[114]. - The company has formed or acquired multiple subsidiaries since 2008, including Universal Display Corporation China, Ltd. in 2016 and UDC Ventures LLC in 2019[112].

Wall Street analysts expect Universal Display Corp. (OLED) to post quarterly earnings of $1.15 per share in its upcoming report, which indicates a year-over-year decline of 15.4%. Revenues are expected to be $158.9 million, down 6% from the year-ago quarter.The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Pri ...