Universal Display Corp Stock Price, News & Analysis

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.

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.