Universal Display Corp

OLED

Equity

ISIN US91347P1057 / Valor 410257

NASDAQ (2025-04-02)

USD 138.90+0.01%

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

Revenue Growth

Universal Display Corp reported total revenue of $161.6 million for the third quarter of 2024, marking an increase from $141.1 million in the same quarter of 2023. This growth was primarily driven by a significant rise in royalty and license fees, which increased to $74.6 million from $45.9 million in the previous year.

Material Sales Decline

In the third quarter of 2024, Universal Display Corp experienced a decline in material sales, which amounted to $83.4 million compared to $92.5 million in the third quarter of 2023. The decrease was attributed to changes in customer mix, although material volumes remained relatively stable.

Operating Income Increase

Universal Display Corp's operating income for the third quarter of 2024 was $67.0 million, up from $48.4 million in the same period of 2023. This increase reflects improved profitability, supported by a higher gross margin of 78% compared to 76% in the previous year.

Net Income and Earnings Per Share

The company reported a net income of $66.9 million or $1.40 per diluted share for the third quarter of 2024, compared to $51.5 million or $1.08 per diluted share in the third quarter of 2023. This improvement in net income was driven by increased revenue and operating income.

Dividend Announcement

Universal Display Corp declared a fourth-quarter cash dividend of $0.40 per share on its common stock. The dividend is scheduled to be paid on December 31, 2024, to shareholders of record as of December 17, 2024, reflecting the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-15.6%1Y

-17.0%3Y

13.2%5Y

Performance

43.5%1Y

41.9%3Y

42.7%5Y

Volatility