secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037959
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Display Q2 revenue $146.6M, EPS $1.04; raises 2023 guidance lower end to $560M
--------------------------------------------------------------------------------

- Revenue $146.6M (+7% YoY); net income $49.7M or $1.04 diluted EPS (vs $0.87).
- Material sales $77.1M (+7% YoY); royalty & license fees $64.4M (+7% YoY).
- FY 2023 revenue guidance narrowed to $560-600M from prior $550-600M.
- Declared Q3 cash dividend $0.35/share, payable Sep 29 to holders of record Sep 15.
- Gross margin 78% vs 80% due to Shannon facility costs of $3.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017023037959/0000950170-23-037959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017023037959/oled-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037959

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