Universal Display reports record FY2024 revenue $647.7M; Q4 EPS down on restructuring and FX losses

UNIVERSAL DISPLAY CORP PA

2024-FY EPS reported $4.65 revenue$647,684,000

FY2024 revenue $647.7M (up 12.4% YoY); net income $222.1M ($4.65 diluted EPS).
Q4 revenue $162.3M (+2.5%); Q4 net income $46.0M ($0.96) vs $62.0M ($1.29) prior year.
Q4 included $8.9M restructuring for OVJP California closure and $6.7M FX loss on Korean Won receivable.
2025 revenue guidance $640M-$700M; Q1 dividend $0.45/share payable March 31, 2025.

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