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) announced a quarterly cash dividend of $0.40 per share payable on June 28, 2024, to shareholders of record on June 14, 2024. The dividend reflects the company's commitment to returning capital to shareholders based on expected cash flow generation. Universal Display specializes in OLED technologies and materials for energy-efficient displays and lighting applications.
Universal Display (Nasdaq: OLED) reported strong financial results for Q1 2024, with total revenue of $165.3 million, up from $130.5 million in Q1 2023. Material sales revenue increased to $93.3 million, while royalty and license fees reached $68.3 million. The company's gross margin improved to 78%, with operating income of $62.9 million. Net income was $56.9 million or $1.19 per diluted share. UDC revised its 2024 revenue guidance to $635 million to $675 million. Additionally, a second quarter cash dividend of $0.40 per share was announced.
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