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 Corporation (Nasdaq: OLED) is active in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials, and its news flow reflects this focus. Company announcements frequently describe developments in its UniversalPHOLED phosphorescent OLED technology, updates on its OLED materials business, and activities related to its global patent portfolio.
Investors following OLED news can find updates on Universal Display’s financial results, including quarterly earnings releases and related conference calls, where the company reports revenue from material sales, royalty and license fees, and contract research services. News items also cover Board-approved cash dividends on the company’s common stock, providing context on shareholder return policies.
Universal Display’s news includes information on technology and licensing agreements, such as long-term OLED material supply and license arrangements with display manufacturers. The company also reports on intellectual property transactions, including agreements to acquire OLED-related patent assets that expand its coverage of emissive device structures and related materials.
Beyond financial and transaction updates, Universal Display issues releases on its participation in investor and industry conferences, invited technical presentations, and awards programs in organic electronics and display research. Readers of the OLED news page can expect coverage of these events, along with announcements from subsidiaries like Universal Vapor Jet Corporation, which develops thin-film printing and deposition technologies derived from Universal Display’s OLED process platforms.
By monitoring this news feed, users can track Universal Display’s reported business developments, technology initiatives, patent activities and corporate events as disclosed in its public communications.
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.
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.
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