Universal Display Corp Stock Price, News & Analysis

Universal Display Corporation (Nasdaq: OLED) reported robust financial results for Q4 and full year 2021, achieving record revenue of $554 million. The fourth quarter revenue was $146.2 million, a slight increase from $141.5 million year-over-year. Notably, material sales surged to $85.8 million, up from $62.5 million in Q4 2020, while royalty and license fees dropped to $56.0 million. Full-year net income reached $184.2 million or $3.87 per diluted share. The company anticipates revenue of $625 million to $650 million for 2022 and declared a dividend of $0.30 per share for Q1 2022.

Universal Display Corporation (NASDAQ: OLED) announced an increased cash dividend of $0.30 per share for Q1 2022, up from $0.20 per share in the previous quarter. The dividend, reflecting strong expected cash flow generation, will be paid on March 31, 2022, to shareholders of record as of March 17, 2022. This move underscores the company’s commitment to returning capital to shareholders. Future dividend payments remain subject to Board approval.

Universal Display Corporation (NASDAQ: OLED) will release its fourth quarter and full-year results for 2021 on February 23, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time, accessible via their Investor Relations website. Universal Display specializes in organic light-emitting diode (OLED) technologies and holds over 5,000 patents globally. Its UniversalPHOLED® technology promotes energy-efficient displays and lighting solutions.

Universal Display Corporation (NASDAQ: OLED) announced its participation in Needham's 24th Annual Virtual Growth Conference on January 11, 2022, at 9:15 AM ET. Sidney Rosenblatt, Executive Vice President and CFO, will present. The audio webcast will be accessible on the company's Investor Relations website. As a leader in OLED technology, Universal Display develops energy-efficient displays and lighting, holding over 5,000 patents globally. The company promotes its high-efficiency UniversalPHOLED technology, enhancing eco-friendly display solutions.

Universal Display Corporation (Nasdaq: OLED) has extended its long-term OLED material supply and license agreements with Tianma Micro-electronics Co., Ltd. for another multi-year term. The extension strengthens the collaboration between the two companies, which began in 2016. Tianma is expanding its OLED manufacturing capabilities, including a new $7.5 billion plant in Xiamen. Universal Display will continue providing its high-efficiency phosphorescent materials to support Tianma's growth in energy-efficient display solutions for various markets.

Universal Display Corporation (Nasdaq: OLED) has announced its participation in several upcoming investor and industry conferences, showcasing its leadership in organic light emitting diode technology. Key events include the Nasdaq’s 45th Virtual Investor Conference on December 1, 2021, featuring CEO Steven Abramson, and the UBS Global TMT Virtual Investor Conference on December 8, 2021, with CFO Sidney Rosenblatt. Additionally, Dr. Julie Brown will present at the Japan OLED Forum on November 18, 2021. These conferences highlight Universal Display's commitment to advancing energy-efficient and eco-friendly display technologies.

Universal Display Corporation (Nasdaq: OLED) reported record revenue of $143.6 million for Q3 2021, up from $117.1 million in Q3 2020, driven by increased material sales and royalty fees. Despite disruptions from the pandemic and supply chain issues, the company reaffirmed its 2021 revenue guidance of $530 million to $560 million. Notably, net income rose to $46.1 million or $0.97 per diluted share. UDC also announced an extension of its partnership with Tianma and received recognition for board diversity. The company continues to pursue growth opportunities in the OLED market.