secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-058187
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Display Q3 revenue $141.1M, down 12% YoY; net income $51.5M; revises 2023 guidance to $565-590M
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- Q3 revenue $141.1M vs $160.6M YoY; net income $51.5M ($1.08 diluted EPS) vs $53.5M ($1.12).
- Material sales grew to $92.5M from $84.2M; royalty/license fees dropped to $45.9M from $71.5M.
- Operating income fell to $48.4M from $68.5M; total gross margin 76% vs 77%.
- 2023 revenue guidance revised to $565-590M (prior range not disclosed).
- Q4 dividend declared at $0.35/share, payable Dec 29, 2023 to holders of record Dec 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/0000950170-23-058187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/oled-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058187

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