Universal Display Corp Stock Price, News & Analysis

Universal Display Corporation (NASDAQ: OLED) announced it will release its first-quarter results for the period ending March 31, 2023, on May 3, 2023, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, with a live webcast available on the Company’s Investor Relations website. Universal Display is a leader in OLED technology development and commercialization, owning over 5,500 patents globally. They focus on high-efficiency OLED technologies and materials aimed at enhancing energy efficiency in displays and solid-state lighting. For more information, visit oled.com.

Universal Display Corporation (Nasdaq: OLED) has announced its sponsorship and presentation at the 2023 OLED Korea conference, occurring from April 12-14 in Incheon, Korea. Dr. Mike Hack, VP of Business Development, will present on April 14 at 2:10 PM KST, discussing advancements in phosphorescent OLED technology, including the innovative Plasmonic PHOLED and the OVJP dry printing platform aimed at enhancing OLED TV performance.

According to CEO Steven V. Abramson, this sponsorship provides an opportunity to update the industry on UDC's R&D initiatives and network with key players. The company emphasizes continuous innovation in OLED technologies while investing in infrastructure to expand market opportunities.

Universal Display Corporation (Nasdaq: OLED) will sponsor and present at the International Conference on Display Technology (ICDT) 2023 from March 31 to April 3 in Nanjing, China. CEO Steven V. Abramson highlighted the growing presence of OLED technology across various consumer electronics, including AR/VR and automotive applications. Presenters from UDC will discuss advancements in energy-efficient phosphorescent materials, including the Plasmonic PHOLED platform. Key sessions include presentations by Dr. Nicholas Thompson on April 2 and Dr. Mike Weaver on April 3. UDC owns over 5,500 patents related to OLED technology.

Universal Display Corporation (Nasdaq: OLED) has announced its participation in several upcoming conferences focused on display and lighting technologies. Key events include the BofA Securities 2023 Asia Pacific Telecom, Media and Technology Conference on March 15-16 in Taipei, Taiwan, and the International Conference on Display Technology (ICDT) from March 31 to April 3 in Nanjing, China. Presenters include Vice President and CFO Brian Millard and Vice President of PHOLED R&D Dr. Mike Weaver, discussing advances in OLED technology. Universal Display is recognized for its leading role in the OLED market, holding over 5,500 patents globally.

Universal Display Corporation (Nasdaq: OLED) reported strong financial results for Q4 and FY 2022, achieving record revenues and net income. In Q4 2022, total revenue hit $169 million, up from $146.2 million in Q4 2021, with net income of $65.1 million ($1.36 per diluted share). Full-year revenue reached $616.6 million compared to $553.5 million in 2021, with net income of $210.1 million ($4.40 per diluted share). The company anticipates a 2023 revenue range of $550 million to $600 million. A dividend of $0.35 per share will be paid March 31, 2023. Despite uncertainties in the global economy, Universal Display aims to build on its OLED market leadership.

Universal Display Corporation (Nasdaq: OLED) announced an increase in its cash dividend to $0.35 per share for Q1 2023, up from $0.30 in the previous quarter. The dividend is payable on March 31, 2023, to shareholders of record by March 17, 2023. This increase reflects the company’s confidence in ongoing cash flow generation and its commitment to returning capital to shareholders. Future dividends will depend on Board approval.

Universal Display is a leader in OLED technology, holding over 5,500 patents globally, and focuses on energy-efficient displays and lighting solutions.