Universal Display Corp

OLED

Equity

ISIN US91347P1057 / Valor 410257

NASDAQ (2024-11-21)

USD 167.06+0.70%

Universal Display Corp
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About company

Universal Display Corp is a leading developer and manufacturer of organic light emitting diode (OLED) technologies and materials.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

Universal Display Corp's total revenue for the first quarter of 2024 was $165.3 million, a significant increase from $130.5 million in the first quarter of 2023. This growth was driven by higher material sales and increased royalty and license fees.

Material Sales

In the first quarter of 2024, Universal Display Corp reported material sales revenue of $93.3 million, up from $70.2 million in the same period of 2023. The rise in material sales was primarily due to strengthened demand for the company's emitter materials.

Net Income

Universal Display Corp's net income for the first quarter of 2024 was $56.9 million, or $1.19 per diluted share, compared to $39.8 million, or $0.83 per diluted share, in the first quarter of 2023. This increase reflects the company's improved revenue and operational efficiency.

Gross Margin

The company's total gross margin for the first quarter of 2024 was 78%, up from 75% in the first quarter of 2023. This improvement was attributed to higher revenue from material sales and royalty and license fees.

Dividend Announcement

Universal Display Corp announced a second quarter cash dividend of $0.40 per share on its common stock. The dividend is payable on June 28, 2024, to all shareholders of record as of the close of business on June 14, 2024.

Summarized from source with an LLMView Source

Key figures

2.24%1Y

8.44%3Y

-15.5%5Y

Performance

40.7%1Y

44.4%3Y

45.4%5Y

Volatility