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 (OLED) drives innovation in organic light-emitting diode technology for displays and lighting solutions. This news hub provides investors and industry professionals with comprehensive access to official announcements, financial updates, and strategic developments from the OLED technology leader.
Track all material disclosures including quarterly earnings reports, patent filings, and partnership announcements in one centralized location. Our curated collection features verified press releases covering product innovations, sustainability initiatives, and market expansion efforts that shape the OLED industry.
Stay informed about Universal Display's advancements in phosphorescent materials and licensing agreements through primary source documentation. The page serves as an essential resource for monitoring the company's technological roadmap and its impact on consumer electronics, automotive applications, and energy-efficient lighting markets.
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Universal Display Corporation (NASDAQ: OLED) announced its participation in upcoming investor conferences. The company will present at the Deutsche Bank Technology Conference on September 9, 2021, at 9:10 AM ET, and at the Citi 2021 Virtual Global Technology Conference on September 13, 2021, at 8:50 AM ET. Both events will be held virtually, with presentations by Executive Vice President and CFO Sidney Rosenblatt. Archived audio webcasts will be available on the company's investor relations website.
Universal Display Corporation (NASDAQ:OLED) announced the appointment of Linda Choi MacDonald as Chief Operating Officer of its subsidiary, Adesis, Inc. MacDonald brings over 25 years of biopharmaceutical experience, having previously served as COO at Avanir Pharmaceuticals and held key roles at UCB Biopharma and Eli Lilly. In her new role, she will oversee Adesis' P&L, operations, and strategy. The company specializes in organic chemistry services, supporting various industries including biotech and pharmaceuticals.
Universal Display Corporation (NASDAQ: OLED) announced the recipients of its UDC Awards in Organic Electronics & Display during the 21st International Meeting of Information Display in Seoul, Korea, on August 25, 2021. The UDC Innovative Research Award was granted to researchers from Yonsei University for their paper on biocompatible resistive memory. The UDC Pioneering Technology Award was awarded for groundbreaking OLED advancements. CEO Steven V. Abramson emphasized the company's commitment to innovation and research in the OLED industry.
Universal Display Corporation (Nasdaq: OLED) announces its participation in several upcoming investor and industry conferences. Key events include the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11, 2021, where CFO Sidney Rosenblatt will present. Another significant event is the Bank of America Tech Innovation Tour on August 23, 2021, featuring Darice Liu. Additionally, they will participate in the 2021 IMID conference in Seoul, Korea, from August 25-27, with keynote addresses from Dr. Julie Brown and presentations focused on advancements in OLED technology.
Universal Display Corporation (Nasdaq: OLED) reported a remarkable second quarter 2021, achieving total revenue of $129.7 million, a significant increase from $58.0 million in Q2 2020. This growth is attributed to heightened demand for OLED products and recovery from COVID-19 impacts. Notably, net income soared to $40.5 million or $0.85 per diluted share, compared to $0.02 per share in the same quarter last year. For 2021, the company expects revenue between $530 million and $560 million and has declared a cash dividend of $0.20 per share payable on September 30, 2021.
Universal Display Corporation (Nasdaq: OLED) has declared a $0.20 per share cash dividend for Q3 2021, payable on September 30, 2021, to shareholders recorded by September 16, 2021. This dividend reflects the company's strong commitment to return capital to shareholders, buoyed by anticipated continued cash flow generation. Future dividends will depend on Board approval. Universal Display specializes in organic light emitting diode (OLED) technologies, holding over 5,000 patents globally.
Universal Display Corporation (Nasdaq: OLED) and PPG (NYSE: PPG) announced a multi-million-euro investment in a new manufacturing site in Shannon, expected to create up to 100 high-tech jobs. This facility will enhance the production of UniversalPHOLED® materials, addressing the rising demand in the OLED market. The project showcases confidence in the region's skilled workforce and aims to facilitate energy-efficient OLED technologies and applications. Renovations and regulatory approvals are anticipated to conclude within 12 months, with operations set to begin in 2022.
Universal Display Corporation (Nasdaq: OLED) is set to release its Q2 2021 financial results on August 5, 2021, after market close. The results will be accessible on the company's website. A conference call will follow at 5:00 p.m. ET, accessible via their Investor Relations page. Universal Display is a leader in OLED technologies, owning over 5,000 patents globally, and specializes in high-efficiency UniversalPHOLED technology for energy-saving displays. The press release also emphasizes the company's focus on innovation and client solutions.
Universal Display Corporation (Nasdaq: OLED) held its Virtual 2021 Annual Meeting highlighting achievements in 2020, such as record revenue in Q4 and long-term agreements with key partners. CEO Steven Abramson emphasized strong growth expectations for 2021, driven by new contracts and a new manufacturing site in Ireland aimed at doubling production capacity of phosphorescent emitters. Shareholders re-elected the Board of Directors and ratified KPMG LLP as the accounting firm for 2021. UDC was also recognized in the Financial Times Fastest-Growing Companies 2021 list.
Universal Display Corporation (Nasdaq: OLED) will hold its 2021 Annual Meeting of Shareholders on June 17, 2021, at 2:00 PM ET in a virtual-only format. Shareholders recorded as of April 5, 2021, can participate by visiting a designated URL using their control number. Guests may attend in listen-only mode, with online access beginning at 1:45 PM ET. The meeting archive will be available within 24 hours post-meeting. Universal Display is a leader in OLED technology, holding over 5,000 patents, and offers high-efficiency OLED solutions recognized for energy efficiency.
