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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.
Universal Display
Universal Display
Universal Display Revenue by Segment
Revenue by Segment
Material Sales Revenue
CapyFin.comRoyalty and License Fees Revenue
CapyFin.comContract Research Services Revenue
CapyFin.com 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.
- Cost of material sales increased slightly due to higher unit volume.
Revenue & Expenses
Visualization of income flow from segment revenue to net income