Universal Display reports Q4 EPS 96c, consensus $1.08

Reports Q4 revenue $162.3M, consensus $152.75M. “We are pleased to report that 2024 was a record-breaking year of solid financial performance,” said Brian Millard, Vice President and Chief Financial Officer of Universal Display (OLED) Corporation. “Across the OLED industry, product roadmaps are expanding, and leading panel makers are investing in new fabs to meet the increasing demand, particularly in the emerging IT and automotive markets. We believe this new capex cycle will pave the way for meaningful new OLED capacity, new OLED products, and new OLED adoptees. As a pioneer and leader in the ecosystem, we are well positioned to continue supporting our customers and enabling the industry with our broadening portfolio of energy-efficient, high-performing phosphorescent materials and OLED technologies.”