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 third quarter cash dividend of $0.30 per share on common stock, payable on September 30, 2022, to shareholders of record on September 16, 2022. This decision reflects the company’s strong cash flow and commitment to returning capital to shareholders. Future dividends will depend on Board approval. Universal Display is a leader in OLED technologies and currently holds over 5,500 patents worldwide, focusing on energy-efficient display solutions.
Universal Display Corporation (Nasdaq: OLED) announced its sponsorship and participation at the International Conference on Display Technology (ICDT) 2022, scheduled for July 16-19 in Fuzhou, China. CEO Steven V. Abramson expressed excitement about the event's role in promoting OLED technology. Key presentations will focus on advancements such as Plasmonic PHOLED technology and NIR PHOLEDs for light therapy. This marks UDC's fifth year supporting ICDT, showcasing their commitment to advancing energy-efficient OLED solutions.
Universal Display Corporation (Nasdaq: OLED) will release its second-quarter financial results for 2022 on August 4, 2022, after market close. Following the release, a conference call is scheduled for 5:00 p.m. Eastern Time on the same day. Investors can access the call via the company's Investor Relations website. Universal Display is known for its energy-efficient OLED technologies and materials, holding over 5,500 patents globally. The company emphasizes its commitment to innovation and collaboration in the OLED market.
Universal Display Corporation (NASDAQ: OLED) held its Virtual 2022 Annual Meeting of Shareholders, reflecting on a successful 2021 with record revenues of $554 million, $228 million in operating income, and $184 million net income, or $3.87 per diluted share. The company extended long-term agreements with key partners and announced a new manufacturing site in Ireland for UniversalPHOLED materials. Shareholders re-elected board members and ratified KPMG as the independent auditor for 2022, affirming confidence in the company's leadership and future growth prospects.
Universal Display Corporation (NASDAQ: OLED) will hold its 2022 Annual Meeting of Shareholders virtually on June 23, 2022, starting at 10:00 AM ET. Shareholders as of April 1, 2022, can attend by logging into the meeting with their control number. The meeting will be accessible online from 9:45 AM ET. An archive will be available for replay within 24 hours. Universal Display is recognized for its development of energy-efficient OLED technologies and holds over 5,500 patents worldwide, playing a pivotal role in the OLED market.
Universal Display Corporation (Nasdaq: OLED) has announced its sponsorship at the 2022 Middle Atlantic Regional Meeting (MARM) of the American Chemical Society, taking place from June 1-4 at The College of New Jersey. The event's theme focuses on diversity and inclusion in chemistry. Universal Display will support ten student registrations and Adesis, a subsidiary, will sponsor a research poster session. The participation highlights UDC's commitment to chemistry innovation and education, with various presentations planned by their experts.
Universal Display Corporation (Nasdaq: OLED) announced its participation in key investor and industry conferences. Notably, it will present at Cowen's 50th Annual Technology, Media & Telecom Conference on June 2, 2022, at 8:30 am ET in New York, featuring CEO Steve Abramson. Other conferences include SID Display Week 2022 in San Jose, CA, from May 9-13, 2022, and MARM 2022 in Ewing, NJ, from June 1-4, 2022. Universal Display, a leader in OLED technologies, possesses over 5,500 patents and focuses on energy-efficient displays and lighting.
Universal Display Corporation (Nasdaq: OLED) announced its participation in the Society for Information Display (SID) Display Week 2022 from May 9-13 in San Jose, California. CEO Steven V. Abramson expressed enthusiasm for returning to in-person events and highlighted the opportunity to engage with industry partners.
The event will feature various technical sessions, including keynote presentations by Dr. Mike Hack on phosphorescent blue OLEDs and other discussions led by Dr. Nicholas Thompson. The company continues to lead in OLED technology with over 5,500 patents globally.
Universal Display Corporation (Nasdaq: OLED) reported first quarter 2022 financial results, achieving total revenue of $150.5 million, up from $134.0 million in Q1 2021. Material sales rose to $86.7 million, while royalty and license fees increased to $59.8 million. Operating income was $62.3 million, slightly down from $63.6 million year-over-year. Net income reached $50.0 million, translating to $1.05 per diluted share. The company anticipates 2022 revenue of $625 million to $650 million and declared a cash dividend of $0.30 per share.
Universal Display Corporation (NASDAQ: OLED) has announced a second quarter cash dividend of $0.30 per share, showcasing its strong cash flow generation and commitment to shareholder returns. This dividend is payable on June 30, 2022, to shareholders on record as of June 16, 2022. The company specializes in OLED technologies and holds over 5,500 patents worldwide, reinforcing its position in the energy-efficient display market.
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