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AI brief of an SEC Form 8-K · Universal Display (OLED)

Universal Display Q4 revenue falls to $158.3 million; 2024 guidance $625M-$675M

Negative Impact 3 of 5 earnings Written later

Universal Display reported fourth-quarter 2023 revenue of $158.3 million, down from $169.0 million a year earlier, and full-year 2023 revenue of $576.4 million, down from $616.6 million. Net income also declined for both periods, and the company gave a 2024 revenue range of $625 million to $675 million.

Key points

  • Q4 2023 net income was $62.0 million, or $1.29 per diluted share, versus $65.1 million, or $1.36, in Q4 2022.
  • Full-year 2023 net income was $203.0 million, or $4.24 per diluted share, versus $210.1 million, or $4.40, in 2022.
  • The company expects 2024 revenue of $625 million to $675 million and declared a $0.40 per share first-quarter dividend payable March 29, 2024.

The filing

CompanyUniversal Display (OLED)
Form8-K, current report
Filed with the SECFeb 22, 2024, 4:08 PM ET
Accession number0000950170-24-018758

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 22, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.