earnings
confidence high
sentiment positive
materiality 0.70
Universal Display Q1 revenue up 12% to $150.5M; EPS $1.05 vs $1.08 YoY
UNIVERSAL DISPLAY CORP PA
2022-Q1 EPS reported
$1.05
revenue$150,470,000
- Revenue $150.5M (up 12% YoY from $134.0M); material sales $86.7M, royalty & license fees $59.8M.
- Net income $50.0M ($1.05 diluted EPS) vs $51.7M ($1.08) in Q1 2021.
- Cost of materials $29.9M (up from $21.0M); gross margin on material sales 65% vs 74% last year.
- Reaffirms FY2022 revenue guidance of $625M-$650M.
- Declares Q2 cash dividend of $0.30/share, payable June 30 to holders of record June 16.