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Universal Display Corp (OLED) drives innovation in organic light-emitting diode technology for displays and lighting solutions. This news hub provides investors and industry professionals with comprehensive access to official announcements, financial updates, and strategic developments from the OLED technology leader.
Track all material disclosures including quarterly earnings reports, patent filings, and partnership announcements in one centralized location. Our curated collection features verified press releases covering product innovations, sustainability initiatives, and market expansion efforts that shape the OLED industry.
Stay informed about Universal Display's advancements in phosphorescent materials and licensing agreements through primary source documentation. The page serves as an essential resource for monitoring the company's technological roadmap and its impact on consumer electronics, automotive applications, and energy-efficient lighting markets.
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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.
Universal Display (Nasdaq: OLED) announced their participation at SID Display Week 2024 to showcase their UniversalPHOLED® technology and materials. The company will exhibit AI and ML models, display various color points of UniversalPHOLED® materials, and highlight their Organic Vapor Jet Printing platform. UDC is focused on advancing their PHOLED materials and technologies, integrating AI & ML into their R&D initiatives.
Universal Display (Nasdaq: OLED) announced a quarterly cash dividend of $0.40 per share payable on June 28, 2024, to shareholders of record on June 14, 2024. The dividend reflects the company's commitment to returning capital to shareholders based on expected cash flow generation. Universal Display specializes in OLED technologies and materials for energy-efficient displays and lighting applications.
Universal Display (Nasdaq: OLED) reported strong financial results for Q1 2024, with total revenue of $165.3 million, up from $130.5 million in Q1 2023. Material sales revenue increased to $93.3 million, while royalty and license fees reached $68.3 million. The company's gross margin improved to 78%, with operating income of $62.9 million. Net income was $56.9 million or $1.19 per diluted share. UDC revised its 2024 revenue guidance to $635 million to $675 million. Additionally, a second quarter cash dividend of $0.40 per share was announced.
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