Monday, June 23, 2025

Universal Display Corporation Reports Second Quarter 2014 Financial Results

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Universal Display Corporation has reported impressive financial results for the second quarter of 2014, achieving a net income of $20.4 million, or $0.44 per diluted share, on revenues of $64.1 million, marking a 30% increase from $49.4 million in the same quarter of 2013. This growth was driven by rising demand for OLED materials, particularly in consumer products such as smartphones and tablets. Material sales surged by 32% to $35.9 million, while royalty and license fees also increased significantly. The company’s operating income rose to $28.8 million, up from $21.7 million the previous year. With a strong balance sheet and expectations to reach 2014 revenues of up to $205 million, Universal Display remains optimistic about its future growth prospects in the evolving OLED market.

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