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 ...

Investors interested in stocks from the Electronics - Miscellaneous Components sector have probably already heard of OSI Systems (OSIS) and Universal Display Corp. (OLED) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings esti ...

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 ...