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 Corporation (Nasdaq: OLED) has announced a fourth quarter cash dividend of
Universal Display Corporation (NASDAQ: OLED) announced that its third-quarter financial results, for the period ending September 30, 2022, will be released on November 3, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time, with details available on the Company's Investor Relations website. Universal Display specializes in organic light emitting diode (OLED) technologies and holds over 5,500 patents worldwide. Their UniversalPHOLED® technology promotes energy-efficient displays and solid-state lighting.
Universal Display Corporation (NASDAQ: OLED) rang the closing bell at the New York Stock Exchange on September 30, 2022, to honor Hispanic Heritage Month. Cynthia Comparin, a board member, participated alongside other Latino Corporate Directors Association members. CEO Steven V. Abramson highlighted the company's commitment to diversity and innovation. Universal Display is known for its cutting-edge UniversalPHOLED technology, holding over 5,500 patents globally, and focuses on energy-efficient OLED technologies for displays and lighting solutions.
Universal Display Corporation (Nasdaq: OLED) has announced its participation in key investor and industry conferences. The company will present at Citi's 2022 Global Technology Conference on September 7, 2022, at 2:30 PM ET in New York City, and at the Evercore ISI 2nd Annual Technology, Media and Telecom Conference on September 8, 2022, at 8:45 AM ET, also in New York City. Additionally, it will partake in the OLEDs World Summit on October 26-27, 2022, in San Francisco, CA, showcasing UDC's advancements in phosphorescent OLED technology.
Universal Display Corporation (Nasdaq: OLED) awarded the UDC Innovative Research and UDC Pioneering Technology Awards during the IMID 2022 conference on August 25 in Busan, Korea. The Innovative Research Award went to a team from KAIST and Seoul National University for their OLED medical device research. The Pioneering Technology Award recognized a team from KAIST and Gyeongsang National University for their insights into highly efficient deep-blue OLEDs. UDC emphasizes its commitment to supporting innovation in organic electronics.
Universal Display Corporation (Nasdaq: OLED) has announced its sponsorship at the 22nd International Meeting on Information Display (IMID 2022) in Busan, Korea, taking place from August 23-26. Dr. Julie Brown, CTO, will receive the Honorary Award from the Korean Information Display Society for her contributions to the display industry. The conference will feature presentations on advancements in phosphorescent OLED technology and more from Universal Display's research team.
Universal Display Corporation (Nasdaq: OLED) announced its participation in key investor and industry conferences. The company will present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022, at 10:45 AM ET, featuring CFO Sidney Rosenblatt. Additionally, it will participate in IMID 2022 from August 23-26, 2022, in Busan, Korea, with presentations on OLED technology by Dr. Mike Hack and Dr. Nicholas Thompson. Universal Display specializes in energy-efficient OLED technologies and holds over 5,500 patents worldwide.
Universal Display Corporation announces the appointment of Brian Millard as the new Chief Financial Officer, effective September 6, 2022, following the retirement of long-serving CFO Sidney D. Rosenblatt. Rosenblatt, who contributed significantly to UDC's growth over 26 years, will remain on the Board of Directors. Millard brings over 15 years of financial and strategic experience from companies like Emergent BioSolutions and Hertz Global Holdings. This leadership change aims to enhance UDC's growth trajectory in the OLED market.
Universal Display Corporation (Nasdaq: OLED) reported Q2 2022 revenue of $136.6 million, up from $129.7 million in Q2 2021. Material sales dipped to $71.9 million from $77.4 million, while royalty fees increased to $60.3 million from $48.2 million. Despite a solid start, order forecasts were reduced, prompting a revised annual revenue guidance of approximately $600 million. The company plans to maintain investment in growth initiatives despite macroeconomic headwinds. A cash dividend of $0.30 per share will be distributed on September 30, 2022.
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