Welcome to our dedicated page for Universal Display news (Ticker: OLED), a resource for investors and traders seeking the latest updates and insights on Universal Display stock.
Universal Display Corp (NASDAQ: OLED) is at the forefront of the OLED revolution, pioneering innovative technologies and materials that are transforming the display and lighting industries. Established in 1994, the company has built a strong foundation of intellectual property, boasting more than 4,500 issued and pending patents worldwide. Universal Display is renowned for its proprietary OLED technologies and high-efficiency UniversalPHOLED® phosphorescent materials, which are integral to the development of low power and eco-friendly displays and lighting solutions.
As a world-class IP innovator, technology developer, patent licensor, and materials supplier, Universal Display plays a critical role in the rapidly expanding OLED market. The company licenses its cutting-edge technologies, enabling manufacturers to produce high-quality, energy-efficient displays for various applications including mobile phones, tablets, televisions, wearables, personal computers, and automotive interiors.
Universal Display's commitment to research and development has positioned it as a leader in the OLED industry. The company's state-of-the-art UniversalPHOLED materials are recognized for their superior performance and sustainability, making them a preferred choice for leading display and lighting manufacturers. With a significant portion of its revenue generated in South Korea, Universal Display also has a robust presence in Japan, China, the United States, and other major markets worldwide.
Recent achievements and ongoing projects highlight Universal Display's dedication to innovation and excellence. The company continues to advance its technology portfolio, explore new applications for OLEDs, and forge strategic partnerships to strengthen its market position. Financially, Universal Display remains strong, leveraging its extensive patent portfolio and technological expertise to drive growth and create value for its shareholders.
Stay updated with the latest developments, performance metrics, and news about Universal Display Corp to understand the company's impact on the OLED industry and its future prospects.
Universal Display (Nasdaq: OLED) has announced its participation in several upcoming conferences. The company will attend two investor conferences: the J.P. Morgan Global TMT Conference in Hong Kong on November 18, 2024, and the Nasdaq 51st Investor Conference in London on December 10, 2024. Additionally, UDC will participate in two industry conferences: the SID Mid-Atlantic Chapter Seminar in New York City on November 18, 2024, and the OLEDs World Summit, a virtual event on December 4-5, 2024.
The company will showcase its UniversalPHOLED® technology and materials, with presentations focusing on next-generation OLED materials and energy-efficient OLED technologies. Live and archived webcasts of investor presentations will be available on the company's IR website.
Universal Display (Nasdaq: OLED) has announced a fourth quarter cash dividend of $0.40 per share on the Company's common stock. The dividend will be paid on December 31, 2024, to shareholders of record on December 17, 2024. The company states this dividend reflects their expected continued cash flow generation and commitment to return capital to shareholders. Universal Display is a leader in OLED technologies and materials, owning or licensing over 6,000 patents worldwide for their UniversalPHOLED® technology used in display and solid-state lighting applications.
Universal Display (Nasdaq: OLED) reported its financial results for Q3 2024. The company achieved total revenue of $161.6 million, up from $141.1 million in Q3 2023. However, material sales decreased to $83.4 million from $92.5 million, while royalty and license fees increased to $74.6 million from $45.9 million. The gross margin improved to 78%, and net income rose to $66.9 million ($1.40 per diluted share) from $51.5 million ($1.08 per diluted share) in Q3 2023. For the first nine months of 2024, total revenue was $485.4 million, up from $418.1 million in the same period of 2023. The company revised its 2024 revenue forecast to $625-$645 million. A fourth-quarter dividend of $0.40 per share was announced, payable on December 31, 2024.
Universal Display (Nasdaq: OLED) has announced that its third quarter 2024 financial results will be released on Wednesday, October 30, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the live webcast of the call on the company's Investor Relations website or dial in to participate.
Universal Display is a leader in OLED technologies and materials for display and solid-state lighting applications. The company owns or has exclusive rights to over 6,000 patents worldwide and licenses its proprietary UniversalPHOLED® technology. UDC also develops and offers high-quality OLED materials and provides innovative solutions to clients through technology transfer and collaborative development.
Universal Display (Nasdaq: OLED) has established the Sherwin I. Seligsohn Innovation Award to honor its late founder and support advancements in organic electronics. The award, worth $75,000 USD, will focus on organic photovoltaics for its 2025 competition. Submissions will be accepted from September 18, 2024, to June 30, 2025, with the winner announced in September 2025.
The award is open to individuals and teams worldwide, accepting both published and unpublished work in organic electronics. This initiative aims to celebrate innovation and recognize groundbreaking achievements in the field, continuing Seligsohn's legacy of fostering creativity and excellence in technology.
Universal Display (Nasdaq: OLED) has been recognized as part of Fast Company's Best Workplaces for Innovators list in the Science & Technology category. This honor acknowledges UDC's commitment to fostering innovation at all levels within the organization. The company, known for its UniversalPHOLED® technologies and materials, is a leader in the OLED ecosystem.
UDC's President and CEO, Steven V. Abramson, emphasized that this recognition reflects the company's culture of innovation, which has been cultivated since its founding. The company's global team of scientists, engineers, and technicians drives continuous advancements in energy-efficient phosphorescent OLED materials and technologies for current and future OLED displays.
Fast Company's 2024 Best Workplaces for Innovators list, published on September 10, 2024, showcases diverse companies across various industries, including technology, finance, biotech, and pharmaceuticals.
Universal Display (Nasdaq: OLED) announced key events at The 24th International Meeting on Information Display (IMID 2024) in South Korea. The company's Executive VP and CTO, Dr. Julie Brown, delivered a keynote address on 'Energizing the Next Waves of OLED Growth'. UDC also presented two awards:
1. The UDC Innovative Research Award in Organic Electronics & Display
2. The UDC Pioneering Technology Award in Organic Electronics & Display
These awards recognize outstanding contributions to the OLED industry. UDC continues to support research and innovation in organic electronics and displays, showcasing its role as an OLED pioneer and leader. The company's involvement in IMID 2024 highlights its commitment to advancing OLED technologies and materials for display and lighting applications.
Universal Display (Nasdaq: OLED) has announced its participation in several upcoming conferences. The company will attend Citi's 2024 Global TMT Conference on September 5, 2024, in New York City, with CFO Brian Millard presenting at 11:40 a.m. ET. A live webcast will be available on the company's investor relations website.
Additionally, Universal Display will participate in three industry conferences:
- IMID 2024 in South Korea (August 20-23, 2024)
- ACS Fall 2024 in Denver, Colorado (August 21, 2024)
- OLEDs World Summit in Palm Springs, CA (October 23, 2024)
Key executives, including Dr. Julie Brown, Dr. Michael S. Weaver, Dr. George Fitzgerald, and Dr. Mike Hack, will deliver presentations on various aspects of OLED technology and its future applications.
Universal Display (Nasdaq: OLED) has announced a quarterly cash dividend of $0.40 per share on its common stock. The dividend will be payable on September 30, 2024, to shareholders of record on September 16, 2024. This decision reflects the company's expected continued cash flow generation and commitment to returning capital to shareholders.
Universal Display is a leader in OLED technologies and materials for display and solid-state lighting applications. The company owns or has exclusive rights to over 6,000 patents worldwide, including its high-efficiency UniversalPHOLED® phosphorescent OLED technology. Universal Display licenses its technologies and develops high-quality OLED materials, while also providing customized solutions to clients through technology transfer and collaborative development.
Universal Display (Nasdaq: OLED) reported solid Q2 2024 financial results, with total revenue of $158.5 million, up from $146.6 million in Q2 2023. Material sales increased to $95.4 million from $77.1 million, while royalty and license fees decreased to $59.6 million from $64.4 million. Net income rose to $52.3 million ($1.10 per diluted share) from $49.7 million ($1.04 per diluted share) in Q2 2023.
The company highlighted the growing momentum in OLED IT adoption, with leading OEMs introducing new OLED PC products. Universal Display raised its 2024 revenue guidance to $645-$675 million and announced a Q3 cash dividend of $0.40 per share. The gross margin slightly decreased to 76% from 78% due to changes in customer and product mix.
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