Universal Display Q2 revenue $129.7M (+124% YoY); EPS $0.85 vs $0.02

UNIVERSAL DISPLAY CORP PA

2021-Q2 EPS reported $1.94 revenue$263,660,000

Q2 revenue $129.7M, up 124% from $58.0M; net income $40.5M ($0.85 diluted) vs $0.8M ($0.02).
Material sales $77.4M (+142%); royalty & license fees $48.2M (+115%); operating income $49.9M vs loss $1.2M.
FY2021 revenue guidance reaffirmed at $530-$560M, expecting ~30% YoY growth.
Declared Q3 dividend of $0.20/share, payable Sept 30, 2021 to holders of record Sept 16, 2021.
CFO cites ongoing momentum in OLED industry; company continuing to invest in innovation and infrastructure.

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