secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000950170-22-007836
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Display Q1 revenue up 12% to $150.5M; EPS $1.05 vs $1.08 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017022007836/0000950170-22-007836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017022007836/oled-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007836

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer