secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118976
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024118976/0000950170-24-118976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000095017024118976/oled-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118976

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