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) has been recognized as part of Fast Company's Best Workplaces for Innovators list in the Science & Technology category. This honor acknowledges UDC's commitment to fostering innovation at all levels within the organization. The company, known for its UniversalPHOLED® technologies and materials, is a leader in the OLED ecosystem.
UDC's President and CEO, Steven V. Abramson, emphasized that this recognition reflects the company's culture of innovation, which has been cultivated since its founding. The company's global team of scientists, engineers, and technicians drives continuous advancements in energy-efficient phosphorescent OLED materials and technologies for current and future OLED displays.
Fast Company's 2024 Best Workplaces for Innovators list, published on September 10, 2024, showcases diverse companies across various industries, including technology, finance, biotech, and pharmaceuticals.
Universal Display (Nasdaq: OLED) announced key events at The 24th International Meeting on Information Display (IMID 2024) in South Korea. The company's Executive VP and CTO, Dr. Julie Brown, delivered a keynote address on 'Energizing the Next Waves of OLED Growth'. UDC also presented two awards:
1. The UDC Innovative Research Award in Organic Electronics & Display
2. The UDC Pioneering Technology Award in Organic Electronics & Display
These awards recognize outstanding contributions to the OLED industry. UDC continues to support research and innovation in organic electronics and displays, showcasing its role as an OLED pioneer and leader. The company's involvement in IMID 2024 highlights its commitment to advancing OLED technologies and materials for display and lighting applications.
Universal Display (Nasdaq: OLED) has announced its participation in several upcoming conferences. The company will attend Citi's 2024 Global TMT Conference on September 5, 2024, in New York City, with CFO Brian Millard presenting at 11:40 a.m. ET. A live webcast will be available on the company's investor relations website.
Additionally, Universal Display will participate in three industry conferences:
- IMID 2024 in South Korea (August 20-23, 2024)
- ACS Fall 2024 in Denver, Colorado (August 21, 2024)
- OLEDs World Summit in Palm Springs, CA (October 23, 2024)
Key executives, including Dr. Julie Brown, Dr. Michael S. Weaver, Dr. George Fitzgerald, and Dr. Mike Hack, will deliver presentations on various aspects of OLED technology and its future applications.
Universal Display (Nasdaq: OLED) has announced a quarterly cash dividend of $0.40 per share on its common stock. The dividend will be payable on September 30, 2024, to shareholders of record on September 16, 2024. This decision reflects the company's expected continued cash flow generation and commitment to returning capital to shareholders.
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, including its high-efficiency UniversalPHOLED® phosphorescent OLED technology. Universal Display licenses its technologies and develops high-quality OLED materials, while also providing customized solutions to clients through technology transfer and collaborative development.
Universal Display (Nasdaq: OLED) reported solid Q2 2024 financial results, with total revenue of $158.5 million, up from $146.6 million in Q2 2023. Material sales increased to $95.4 million from $77.1 million, while royalty and license fees decreased to $59.6 million from $64.4 million. Net income rose to $52.3 million ($1.10 per diluted share) from $49.7 million ($1.04 per diluted share) in Q2 2023.
The company highlighted the growing momentum in OLED IT adoption, with leading OEMs introducing new OLED PC products. Universal Display raised its 2024 revenue guidance to $645-$675 million and announced a Q3 cash dividend of $0.40 per share. The gross margin slightly decreased to 76% from 78% due to changes in customer and product mix.
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.
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