Universal Display Corp Stock Price, News & Analysis

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.

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.