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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.
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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) has announced its participation in several upcoming investor and industry conferences, showcasing its leadership in organic light emitting diode technology. Key events include the Nasdaq’s 45th Virtual Investor Conference on December 1, 2021, featuring CEO Steven Abramson, and the UBS Global TMT Virtual Investor Conference on December 8, 2021, with CFO Sidney Rosenblatt. Additionally, Dr. Julie Brown will present at the Japan OLED Forum on November 18, 2021. These conferences highlight Universal Display's commitment to advancing energy-efficient and eco-friendly display technologies.
Universal Display Corporation (Nasdaq: OLED) reported record revenue of $143.6 million for Q3 2021, up from $117.1 million in Q3 2020, driven by increased material sales and royalty fees. Despite disruptions from the pandemic and supply chain issues, the company reaffirmed its 2021 revenue guidance of $530 million to $560 million. Notably, net income rose to $46.1 million or $0.97 per diluted share. UDC also announced an extension of its partnership with Tianma and received recognition for board diversity. The company continues to pursue growth opportunities in the OLED market.
Universal Display Corporation (NASDAQ: OLED) has announced a fourth quarter cash dividend of $0.20 per share, payable on December 30, 2021, to shareholders of record on December 16, 2021. This dividend reflects the company's confidence in its continued cash flow generation and commitment to returning capital to shareholders. Future dividends will be subject to Board approval. Universal Display is a leader in the development of organic light emitting diode technologies and holds over 5,000 patents worldwide.
Universal Display Corporation (NASDAQ: OLED) announced that it will release its third quarter financial results on November 4, 2021, after market close. Alongside the results, a conference call is scheduled for 5:00 p.m. ET on the same day, which will be accessible via their Investor Relations website. The company specializes in OLED technology and materials, holding over 5,000 patents worldwide, and aims to enable energy-efficient displays and solid-state lighting through its UniversalPHOLED® technology.
Universal Display Corporation (Nasdaq: OLED) announced the expansion of its subsidiary, Adesis, Inc., with a new state-of-the-art laboratory in Wilmington, Delaware, tripling its R&D space. This expansion aims to enhance Adesis' capabilities in organic and organometallic synthesis, supporting its growth in the chemical research sector. Governor John Carney commended the development as a boost to Delaware's economy, reflecting a commitment to innovation and job creation. The Adesis team expressed gratitude for state support, highlighting its role in contributing to Delaware's reputation in chemical research.
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.
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