secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018758
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Display Q4 rev down 6%; FY net income falls to $203M; guides FY24 rev $625M-$675M
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- Q4 2023 revenue $158.3M (down 6% YoY); diluted EPS $1.29 vs $1.36 in Q4 2022.
- Full-year 2023 revenue $576.4M (down 7%); net income $203.0M ($4.24 diluted EPS) vs $210.1M ($4.40).
- Gross margin declined to 77% (FY) from 79% due to Shannon facility costs and inventory reserves.
- FY 2024 revenue guidance $625M-$675M, implying 8-17% growth from 2023.
- Q1 dividend $0.40/share unchanged; payable March 29, record March 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024018758/0000950170-24-018758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024018758/oled-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018758

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