Universal Display Q3 revenue up 15% YoY; cuts 2024 revenue guidance to $625-645M

UNIVERSAL DISPLAY CORP PA

2024-Q3 EPS reported $3.69 revenue$485,391,000

Q3 revenue $161.6M (+14.5% YoY), net income $66.9M ($1.40 EPS) vs $51.5M ($1.08) YoY.
Material sales $83.4M (down 9.8% YoY); royalty/license fees $74.6M (up 62.6% YoY).
2024 revenue guidance cut to $625M-$645M; growth more modest than previously projected.
Q4 cash dividend $0.40/share, payable Dec 31, 2024, record Dec 17, 2024.

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