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Dec 31, 2023
Universal Display Q4 2023 Earnings Report
Universal Display reported a decrease in revenue and operating income for Q4 2023.
Key Takeaways
Universal Display Corporation reported a decrease in revenue for the fourth quarter of 2023, with total revenue at $158.3 million compared to $169.0 million in the same quarter of the previous year. The company's net income also decreased to $62.0 million, or $1.29 per diluted share, from $65.1 million, or $1.36 per diluted share, in Q4 2022.
Total revenue for Q4 2023 was $158.3 million, down from $169.0 million in Q4 2022.
Material sales revenue decreased to $82.2 million in Q4 2023 from $88.3 million in Q4 2022.
Royalty and license fees revenue decreased to $72.9 million in Q4 2023 from $75.6 million in Q4 2022.
Net income for Q4 2023 was $62.0 million, or $1.29 per diluted share, compared to $65.1 million, or $1.36 per diluted share, in Q4 2022.
Revenue by Segment
Forward Guidance
The Company believes that its 2024 revenue will be in the range of $625 million to $675 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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