Dr. Joan Lau
elected Dr. Nigel Brown and Dr. Joan Lau to the Board, effective March 4, 2024
Highest-materiality recent filing
Universal Display Q2 revenue $152.2M, EPS $1.06; lowers FY2026 guidance to ~$630M
Q2 revenue $152.2M (-11% YoY); material sales $66.2M (-25% YoY); royalty/license $81.2M (+7% YoY).
Universal Display shareholders re-elect all 11 directors, approve say-on-pay and auditor
All 11 director nominees elected; lowest vote getter Celia M. Joseph received 34.2M for (86.5% of votes cast).
Universal Display Q1 revenue $142.2M (-14% YoY); guides 2026 revenue down to $630-670M
Q1 revenue $142.2M (down 14% YoY from $166.3M); net income $35.9M ($0.76 diluted EPS) vs $64.4M ($1.35).
Universal Display Q4 net income $66.3M ($1.39/diluted); FY 2025 revenue $650.6M
Q4 2025 revenue $172.9M vs $162.3M in Q4 2024; net income $66.3M ($1.39 diluted EPS) vs $46.0M ($0.96).
Universal Display Q3 revenue falls to $139.6M; acquires Merck KGaA OLED patents for $50M
Q3 2025 total revenue $139.6M, down from $161.6M in Q3 2024; net income $44.0M vs $66.9M.
Universal Display Q2 revenue $171.8M, EPS $1.41; raises FY2025 revenue guidance to $650M-$700M
Q2 total revenue $171.8M (+8.4% YoY), net income $67.3M ($1.41 EPS) vs $52.3M ($1.10) in Q2 2024.
Universal Display reports 2025 annual meeting results; all proposals passed
All 11 director nominees elected; Celia M. Joseph received lowest support at 34,415,015 for vs 3,624,435 against.
Universal Display Q1 EPS $1.35, revenue $166.3M; launches $100M buyback
Net income $64.4M ($1.35 diluted EPS) vs $56.9M ($1.19) YoY; revenue $166.3M, up 0.6%.
Universal Display reports record FY2024 revenue $647.7M; Q4 EPS down on restructuring and FX losses
FY2024 revenue $647.7M (up 12.4% YoY); net income $222.1M ($4.65 diluted EPS).
Universal Display appoints April Walker to Board effective Jan 1, 2025
Board expanded from 10 to 11 members with addition of April E. Walker.
Universal Display Q3 revenue up 15% YoY; cuts 2024 revenue guidance to $625-645M
Q3 revenue $161.6M (+14.5% YoY), net income $66.9M ($1.40 EPS) vs $51.5M ($1.08) YoY.
Universal Display Q2 revenue $158.5M (+8% YoY); EPS $1.10; raises FY2024 guidance lower end to $645M
Q2 net income $52.3M ($1.10 diluted EPS) vs $49.7M ($1.04) YoY; revenue $158.5M vs $146.6M.
Universal Display reelects all 10 directors; say-on-pay passes at annual meeting
Total votes represented: 43,013,065 (including broker non-votes) at June 20, 2024 meeting.
Universal Display Q1 2024 revenue $165.3M, EPS $1.19, raises 2024 revenue guidance
Revenue $165.3M (up 27% YoY); net income $56.9M ($1.19 diluted EPS) vs $39.8M ($0.83) in Q1 2023.
Universal Display appoints Dr. Nigel Brown and Dr. Joan Lau to Board of Directors
Drs. Brown and Lau joined effective March 4, 2024, expanding the board from eight to ten members.
Universal Display Q4 rev down 6%; FY net income falls to $203M; guides FY24 rev $625M-$675M
Q4 2023 revenue $158.3M (down 6% YoY); diluted EPS $1.29 vs $1.36 in Q4 2022.
Q3 revenue $141.1M vs $160.6M YoY; net income $51.5M ($1.08 diluted EPS) vs $53.5M ($1.12).
Universal Display Q2 revenue $146.6M, EPS $1.04; raises 2023 guidance lower end to $560M
Revenue $146.6M (+7% YoY); net income $49.7M or $1.04 diluted EPS (vs $0.87).
Shareholders approve 2023 Equity Plan, elect directors at annual meeting
2023 Equity Compensation Plan approved (35M for, 1.8M against); authorizes up to 1,516,267 shares.
Universal Display amends CFO's change-in-control agreement to eliminate tax gross-up
On May 31, 2023, Universal Display and CFO Brian Millard amended his Change in Control Agreement.
UDC Q1 revenue down 13% to $130.5M; acquires Merck KGaA OLED patents for $66M
Q1 2023 revenue of $130.5M vs $150.5M YoY; net income $39.8M ($0.83 diluted EPS) vs $50.0M ($1.05).
Q4 2022 revenue $169.0M (+16% YoY); net income $65.1M ($1.36 diluted EPS) vs $45.9M ($0.96) in Q4 2021.
Universal Display reaffirms FY2022 revenue guidance of $600M; blue PHOLED on schedule for 2024
Reaffirmed FY2022 revenue guidance range of $600M, plus or minus $10M.
Founder and Chairman Emeritus Sherwin Seligsohn dies December 3, 2022
Sherwin I. Seligsohn, founder of Universal Display, passed away on Dec 3, 2022.
Universal Display signs long-term OLED license and supply deal with Samsung Display through 2027
License and supply agreements run through Dec 31, 2027, with possible two-year extension.
Universal Display Q3 revenue $160.6M, EPS $1.12; affirms FY22 ~$600M
Q3 total revenue $160.6M (+12% YoY); net income $53.5M ($1.12 diluted EPS) vs $46.1M ($0.97).
Universal Display slashes 2022 revenue forecast to ~$600M, CFO retiring
Q2 revenue $136.6M (+5% YoY); EPS $0.87 vs $0.85; material sales fell 7% to $71.9M.
Universal Display shareholders elect all 9 director nominees, pass say-on-pay
All 9 director nominees elected with majority support; highest votes against for Elizabeth H. Gemmill (4,958,402).
Universal Display Q1 revenue up 12% to $150.5M; EPS $1.05 vs $1.08 YoY
Revenue $150.5M (up 12% YoY from $134.0M); material sales $86.7M, royalty & license fees $59.8M.
Universal Display Q4 net income down to $0.96 EPS; FY2021 revenue record $554M
Q4 revenue $146.2M (+3% YoY); net income $45.9M ($0.96 diluted) vs $53.9M ($1.13) in Q4 2020.
Universal Display Q3 2021 revenue $143.6M record; EPS $0.97, reaffirms FY21 guidance
Revenue of $143.6M vs $117.1M YoY (+22.7%), a record quarter.
Universal Display Q2 revenue $129.7M (+124% YoY); EPS $0.85 vs $0.02
Q2 revenue $129.7M, up 124% from $58.0M; net income $40.5M ($0.85 diluted) vs $0.8M ($0.02).
elected Dr. Nigel Brown and Dr. Joan Lau to the Board, effective March 4, 2024
elected Dr. Nigel Brown and Dr. Joan Lau to the Board, effective March 4, 2024
Universal Display Corporation deeply regrets to announce that Sherwin I. Seligsohn, Company Founder, Director and Chairman Emeritus, died on December 3, 2022.
the Company also announced that it has hired Brian Millard, 39, to become the Company’s Vice President of Finance, Chief Financial Officer and Treasurer, effective September 6, 2022
he will cease to serve as the Company’s Chief Financial Officer, Treasurer and Secretary effective September 6, 2022
Max materiality 0.90 · Median 0.70 · Most common event earnings