Every material Form 8-K Universal Display filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Universal Display Corporation expanded its board to eleven directors and elected April E. Walker, effective January 1, 2025, as an independent director under Nasdaq standards. Ms. Walker will not serve on any board committee at this time, and her director compensation will match that of the company's other non-employee directors.
Board increased to eleven members; Ms. Walker elected effective January 1, 2025
Ms. Walker has more than 30 years of leadership experience, including at Microsoft, MetLife, NBCUniversal and Salesforce
No committee assignment at this time; no related-party transactions disclosed under Item 404(a)
Announced in press release dated December 17, 2024 (Exhibit 99.1)
Universal Display reported third-quarter 2024 revenue of $161.6 million, up from $141.1 million a year earlier, and net income of $66.9 million, or $1.40 per diluted share, versus $51.5 million, or $1.08, in the prior-year quarter. The company also lowered its 2024 revenue forecast to $625 million to $645 million, citing recent updates to customer order expectations for the fourth quarter, which matters to shareholders because it signals slower growth than previously projected.
Q3 2024 total revenue $161.6 million vs. $141.1 million in Q3 2023
Q3 2024 net income $66.9 million, or $1.40 per diluted share, vs. $51.5 million, or $1.08
2024 revenue forecast now $625 million to $645 million
Fourth quarter cash dividend of $0.40 per share, payable December 31, 2024, to holders of record on December 17, 2024
Universal Display reported second quarter 2024 revenue of $158.5 million, up from $146.6 million a year earlier, and net income of $52.3 million, or $1.10 per diluted share, versus $1.04 a year earlier. The company raised the lower end of its 2024 revenue guidance to a range of $645 million to $675 million, while operating income and gross margin both declined year over year.
Q2 2024 total revenue was $158.5 million, compared with $146.6 million in Q2 2023.
Q2 2024 net income was $52.3 million, or $1.10 per diluted share, compared with $49.7 million, or $1.04 per diluted share.
Operating income fell to $56.4 million from $58.6 million, and total gross margin was 76% versus 78%.
2024 revenue guidance is now $645 million to $675 million; the company also declared a third quarter dividend of $0.40 per share, payable September 30, 2024.
Universal Display reported first quarter 2024 total revenue of $165.3 million, up from $130.5 million a year earlier, and net income of $56.9 million, or $1.19 per diluted share, compared with $0.83 a year earlier. The company raised the lower end of its 2024 revenue guidance to a range of $635 million to $675 million and declared a $0.40 per share quarterly dividend.
Q1 2024 total revenue was $165.3 million versus $130.5 million in Q1 2023; royalty and license fees were $68.3 million and material sales were $93.3 million
Net income was $56.9 million, or $1.19 per diluted share, versus $39.8 million, or $0.83 per diluted share, a year earlier
2024 revenue guidance is $635 million to $675 million after the lower end was increased; the company cautions that many variables can affect results
Second quarter cash dividend of $0.40 per share is payable June 28, 2024 to holders of record as of June 14, 2024
Universal Display Corporation increased its board to ten members and elected Dr. Nigel Brown and Dr. Joan Lau as directors, effective March 4, 2024. The Board determined both qualify as independent under Nasdaq listing standards, and neither has yet been named to a board committee.
Dr. Nigel Brown and Dr. Joan Lau joined the Board effective March 4, 2024
Board expanded from nine to ten members
Both directors determined to be independent under Nasdaq listing standards
Director compensation consistent with other non-employee directors; no committee assignments yet
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.
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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Universal Display filing is on SEC EDGAR ↗. 8-K briefs of other companies →