Universal Display Q4 net income down to $0.96 EPS; FY2021 revenue record $554M

UNIVERSAL DISPLAY CORP PA

2021-FY EPS reported $3.87 revenue$553,525,000

Q4 revenue $146.2M (+3% YoY); net income $45.9M ($0.96 diluted) vs $53.9M ($1.13) in Q4 2020.
FY2021 revenue $553.5M, up 29% YoY; net income $184.2M ($3.87 diluted) vs $133.4M ($2.80).
2022 revenue guidance of $625-650M, above 2021 actual.
Q1 2022 dividend $0.30/share, payable Mar 31, 2022 to holders of record Mar 17, 2022.
Extended LG Display, Visionox, Tianma agreements; new Ireland manufacturing with PPG; blue PHOLED on track for 2022 target.

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