secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-052098
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Display Q1 2024 revenue $165.3M, EPS $1.19, raises 2024 revenue guidance
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- Revenue $165.3M (up 27% YoY); net income $56.9M ($1.19 diluted EPS) vs $39.8M ($0.83) in Q1 2023.
- Material sales $93.3M (up 33% YoY) driven by stronger demand for emitter materials; royalty/license fees $68.3M.
- 2024 revenue guidance revised to $635-$675M (raised lower end from prior guidance).
- Q2 cash dividend of $0.40 per share declared, payable June 28, 2024 to holders of record June 14.
- Gross margin improved to 78% (from 75% in Q1 2023); operating income $62.9M vs $45.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024052098/0000950170-24-052098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024052098/oled-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052098

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