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Dec 31, 2024
Universal Display Q4 2024 Earnings Report
Universal Display reported revenue growth and a decline in net income for Q4 2024.
Key Takeaways
Universal Display Corporation reported Q4 2024 revenue of $162.3 million, a slight increase from the previous year. Net income declined to $46.0 million due to restructuring costs and foreign exchange losses. Material sales grew significantly, while royalty and license fees declined. The company remains optimistic about industry growth.
Total revenue increased to $162.3 million, up from $158.3 million in Q4 2023.
Net income decreased to $46.0 million, impacted by restructuring costs and foreign exchange losses.
Material sales grew to $93.3 million, reflecting stronger demand.
Operating income declined to $52.5 million from $64.7 million in Q4 2023.
Revenue by Segment
Forward Guidance
Universal Display expects 2025 revenue to be between $640 million and $700 million, reflecting industry growth and new product investments.
Positive Outlook
- Revenue is expected to range from $640 million to $700 million in 2025.
- OLED industry demand continues to grow, particularly in IT and automotive sectors.
- New capex cycle expected to drive additional OLED capacity expansion.
- Company remains a leader in phosphorescent OLED technology.
- Strong balance sheet supports ongoing innovation and expansion.
Challenges Ahead
- Restructuring costs impacted earnings in Q4 2024.
- Foreign currency exchange losses reduced profitability.
- Royalty and license fees declined from the previous year.
- Operating income decreased due to higher operating expenses.
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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