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 Corporation (Nasdaq: OLED) is active in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials, and its news flow reflects this focus. Company announcements frequently describe developments in its UniversalPHOLED phosphorescent OLED technology, updates on its OLED materials business, and activities related to its global patent portfolio.
Investors following OLED news can find updates on Universal Display’s financial results, including quarterly earnings releases and related conference calls, where the company reports revenue from material sales, royalty and license fees, and contract research services. News items also cover Board-approved cash dividends on the company’s common stock, providing context on shareholder return policies.
Universal Display’s news includes information on technology and licensing agreements, such as long-term OLED material supply and license arrangements with display manufacturers. The company also reports on intellectual property transactions, including agreements to acquire OLED-related patent assets that expand its coverage of emissive device structures and related materials.
Beyond financial and transaction updates, Universal Display issues releases on its participation in investor and industry conferences, invited technical presentations, and awards programs in organic electronics and display research. Readers of the OLED news page can expect coverage of these events, along with announcements from subsidiaries like Universal Vapor Jet Corporation, which develops thin-film printing and deposition technologies derived from Universal Display’s OLED process platforms.
By monitoring this news feed, users can track Universal Display’s reported business developments, technology initiatives, patent activities and corporate events as disclosed in its public communications.
Universal Display (Nasdaq: OLED) has announced that its Q2 2024 financial results will be released on August 1, 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 through the company's Investor Relations website or dial in to participate in the call.
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) held its Virtual 2024 Annual Meeting of Shareholders, highlighting significant achievements for 2023. Key milestones included new long-term customer agreements, the opening of a manufacturing site in Ireland, and the acquisition of Merck KGaA’s phosphorescent emitter portfolio with over 550 patents.
CEO Steven V. Abramson emphasized tremendous opportunities in OLED technology for various markets, including smartphones, TVs, automotive, AR/VR, wearables, gaming, and signage. Shareholders voted to re-elect all ten Board nominees, approved executive compensation, and ratified KPMG LLP as the independent auditor for 2024. The meeting was broadcasted online, with the archive available on the Company's Investor Relations website.
Universal Display (Nasdaq: OLED) is celebrating its 30th anniversary on June 17, 2024, by ringing the Nasdaq Closing Bell. CEO Steven V. Abramson, along with the executive team and Board of Directors, will participate in the ceremony. Founded in 1994 by Sherwin Seligsohn, UDC has become a leader in OLED technology, enabling energy-efficient displays and lighting through its UniversalPHOLED® technology. The company holds over 6,000 patents and collaborates globally to innovate in the OLED sector.
Universal Display (Nasdaq: OLED), a leader in the development of energy-efficient OLED displays and lighting technologies, announced it will hold its 2024 Annual Meeting of Shareholders virtually. The meeting is scheduled for 10:00 A.M. Eastern Time on June 20, 2024. Shareholders of record as of April 5, 2024, can participate by logging in to the virtual meeting platform with their 16-digit control number. An archived replay will be available within 24 hours on the company’s Investor Relations website. Universal Display holds over 6,000 patents and offers high-efficiency UniversalPHOLED® technology and materials for OLED applications.
Universal Display (Nasdaq: OLED), a leader in energy-efficient display and lighting innovation, announced its participation in several upcoming investor and industry conferences. Key events include the TD Cowen 52nd Annual Technology, Media & Telecom Conference on May 29, 2024, and the BofA Securities Asia Conference on June 12, 2024, both in New York City. Brian Millard, Vice President and CFO, will present at these conferences. Additionally, Dr. Mike Hack, Vice President of Business Development, will present on innovations in phosphorescent OLED technology at the International Conference on Science and Technology of Synthetic Electronic Materials in Dresden, Germany, on June 26, 2024.
Founded in 1994, Universal Display boasts over 6,000 patents and is known for its UniversalPHOLED® technology, which promotes energy efficiency and eco-friendliness in OLED displays and lighting. The company provides advanced materials and customized solutions to its clients through various collaborative efforts.
Universal Display (Nasdaq: OLED) announced their participation at SID Display Week 2024 to showcase their UniversalPHOLED® technology and materials. The company will exhibit AI and ML models, display various color points of UniversalPHOLED® materials, and highlight their Organic Vapor Jet Printing platform. UDC is focused on advancing their PHOLED materials and technologies, integrating AI & ML into their R&D initiatives.
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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