secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089268
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Display Q2 revenue $158.5M (+8% YoY); EPS $1.10; raises FY2024 guidance lower end to $645M
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- Q2 net income $52.3M ($1.10 diluted EPS) vs $49.7M ($1.04) YoY; revenue $158.5M vs $146.6M.
- Material sales $95.4M (+24% YoY); royalty & license fees $59.6M (-7% YoY).
- FY2024 revenue guidance raised to $645M-$675M (increased lower end); cites OLED IT adoption cycle.
- Q3 dividend $0.40/share, payable Sep 30, 2024, record Sep 16, 2024.
- First-half 2024 revenue $323.8M (+17% YoY); net income $109.2M ($2.29 diluted EPS).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024089268/0000950170-24-089268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024089268/oled-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089268

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