Universal Display Q3 revenue $160.6M, EPS $1.12; affirms FY22 ~$600M

UNIVERSAL DISPLAY CORP PA

2022-Q3 EPS reported $3.04 revenue$447,587,000

Q3 total revenue $160.6M (+12% YoY); net income $53.5M ($1.12 diluted EPS) vs $46.1M ($0.97).
Material sales $84.2M; royalty & license fees $71.5M. Gross margin 77% vs 78%.
Record quarterly revenue includes $6.6M positive cumulative catch-up adjustment from estimate changes.
Affirms 2022 revenue guidance of ~$600M ± $10M.
Declares Q4 dividend $0.30/share, payable Dec 30 to holders of record Dec 16.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL DISPLAY CORP PA reported the third quarter ended September 30, 2022 results: revenue $160.6 million, net income $53.5 million, EPS $1.12 per diluted share. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $160.6 million
Net income: $53.5 million
EPS: $1.12 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

on the Company’s mission of being a critical enabler in the OLED ecosystem.” Financial Highlights for the Third Quarter of 2022 • Total revenue in the third quarter of 2022 was $160.6 million as compared to $143.6 million in the third quarter of 2021. As with the prior quarter, the near-term weakness in the overall global market economy is expected to have an impact

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL DISPLAY CORP PA reported the first nine months of 2022 results: revenue $447.6 million, net income $144.9 million, EPS $3.04 per diluted share. Guidance reaffirmed.

Period: the first nine months of 2022
Revenue: $447.6 million
Net income: $144.9 million
EPS: $3.04 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenue in the first nine months of 2022 was $447.6 million as compared to $407.3 million in the first nine months of 2021.

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Source: SEC EDGAR

accession 0000950170-22-021872

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