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 develops and commercializes OLED technologies and materials for display and solid-state lighting applications. The company licenses proprietary OLED technologies, including UniversalPHOLED phosphorescent OLED technology, supplies OLED materials, and supports customers through technology transfer, collaborative development, and training.
News about OLED commonly covers quarterly financial results, material sales and licensing activity, long-term customer agreements, OLED emissive-layer advances, high-efficiency blue technology, technical presentations at display-industry conferences, and capital-return actions such as dividends and share repurchase authorizations.
Universal Display Corporation (NASDAQ: OLED) announced the passing of its Founder, Sherwin I. Seligsohn, on December 3, 2022. His visionary leadership was pivotal in the creation of two influential companies in the OLED and wireless technology sectors. Seligsohn founded Universal Display in June 1994, following his groundbreaking observation of organic materials at Princeton University. Under his guidance, UDC evolved from a start-up to a global OLED leader, holding over 5,500 patents. His legacy will continue to inspire the company as it moves forward in its growth and innovation initiatives.
Universal Display Corporation (NASDAQ: OLED) has signed long-term OLED material supply and license agreements with Samsung Display Co., Ltd. These agreements, valued for their strategic importance, ensure the continued supply of proprietary UniversalPHOLED phosphorescent OLED materials and technology to Samsung for its OLED displays. The contracts are set to last until December 31, 2027, with a possibility of a two-year extension. The financial terms remain undisclosed, emphasizing the ongoing partnership that has evolved over two decades.
Universal Display Corporation (Nasdaq: OLED) reported record revenues of $160.6 million for Q3 2022, up from $143.6 million in Q3 2021. Key revenue drivers included $84.2 million from material sales and $71.5 million from royalties. Despite a 77% gross margin, a dip from 78% in the previous year was noted, impacted by costs from its new facility in Ireland. The company reaffirmed its 2022 revenue guidance of approximately $600 million and announced a cash dividend of $0.30 per share.
Universal Display Corporation (Nasdaq: OLED) has announced a fourth quarter cash dividend of $0.30 per share, payable on December 30, 2022, to shareholders of record on December 16, 2022. This decision highlights the company’s strong cash flow generation and commitment to returning capital to shareholders. Universal Display is a leader in OLED technologies and holds over 5,500 patents worldwide. Future dividends will be subject to Board approval, reflecting ongoing confidence in the company's financial position.
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Universal Display Corporation (NASDAQ: OLED) announced that its third-quarter financial results, for the period ending September 30, 2022, will be released on November 3, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time, with details available on the Company's Investor Relations website. Universal Display specializes in organic light emitting diode (OLED) technologies and holds over 5,500 patents worldwide. Their UniversalPHOLED® technology promotes energy-efficient displays and solid-state lighting.
Universal Display Corporation (NASDAQ: OLED) rang the closing bell at the New York Stock Exchange on September 30, 2022, to honor Hispanic Heritage Month. Cynthia Comparin, a board member, participated alongside other Latino Corporate Directors Association members. CEO Steven V. Abramson highlighted the company's commitment to diversity and innovation. Universal Display is known for its cutting-edge UniversalPHOLED technology, holding over 5,500 patents globally, and focuses on energy-efficient OLED technologies for displays and lighting solutions.
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.