Core Insights - Universal Display Corp. reported revenue of $162.29 million for Q4 2024, a year-over-year increase of 2.5% [1] - The company's EPS for the same period was $1.22, down from $1.29 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $148.67 million by 9.17%, and the EPS surpassed the consensus estimate of $1.07 by 14.02% [1] Revenue Breakdown - Material sales reached $93.27 million, exceeding the average estimate of $78.92 million by analysts, representing a year-over-year increase of 13.4% [4] - Revenue from contract research services was $4.62 million, slightly above the average estimate of $4.29 million, reflecting a significant year-over-year increase of 43.6% [4] - Royalty and license fees totaled $64.41 million, which was below the average estimate of $65.14 million, indicating a year-over-year decline of 11.6% [4] Stock Performance - Over the past month, shares of Universal Display have returned -1%, while the Zacks S&P 500 composite has increased by 2.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Universal Display Corporation reported record revenues of $648 million for 2024, with operating income of $239 million and net income of $222 million, translating to $4.65 per diluted share [8][24] - The company achieved a 12% year-over-year revenue growth, with total gross margins remaining flat at 77% [24][25] - Operating expenses increased to $260 million in 2024 from $224 million in 2023, with a notable restructuring cost of $8.9 million impacting EPS by $0.15 [25][26] Business Line Data and Key Metrics Changes - Material sales reached $365 million, while royalty and license revenues were $267 million, and Adesis' revenues were $15 million for 2024 [24] - In Q4 2024, revenue was $162 million, up 3% from $158 million in Q4 2023, with material sales of $93 million compared to $82 million in the same quarter of the previous year [28][29] - Green emitter sales were $67 million in Q4 2024, up from $63 million in Q4 2023, while red emitter sales increased to $25 million from $18 million [28] Market Data and Key Metrics Changes - The OLED smartphone market is projected to grow from 784 million units in 2024 to 952 million units by 2029, with OLED IT displays expected to nearly quadruple from 20.2 million units in 2024 to 77.6 million units in 2029 [15][16] - The automotive OLED display market is anticipated to quadruple from 2.6 million units in 2024 to 10.6 million units in 2029, driven by demand for energy-efficient displays [17] - OLED TV units are forecasted to grow from 6.8 million in 2024 to 7.9 million in 2029, indicating a continued proliferation of OLED technology [18] Company Strategy and Development Direction - The company is focused on innovation and expanding its leadership position in the OLED ecosystem, with significant advancements in operational, strategic, and R&D roadmaps [9][10] - The introduction of phosphorescent blue technology is seen as a potential game changer, expected to increase energy efficiency by up to 25% once commercialized [13][14] - The company is also exploring new market verticals for its OVJP technology, with a focus on medium area IT markets in the near term [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a dynamic market landscape and emphasized the importance of innovation in meeting evolving consumer demands [9][10] - The outlook for 2025 anticipates revenues in the range of $640 million to $700 million, with operating margins expected to be between 35% and 40% [32][33] - The effective tax rate for 2025 is projected to be approximately 19%, and a quarterly cash dividend of $0.45 per share has been approved [34] Other Important Information - The company ended 2024 with $928 million in cash, cash equivalents, and investments [27] - A new investment cycle in OLED capacity is expected, with approximately $20 billion committed to building new Gen 8.6 OLED capacity [21] Q&A Session Summary Question: Update on blue emitter timeline - Management reiterated that the timeline for commercialization of the blue emitter is still "months, not years," with ongoing progress being made [40][43] Question: Revenue guidance for 2025 and seasonality - The company expects a stronger second half in 2025 compared to the first half, despite macro uncertainties [46] Question: Inventory status and impact on 2025 - Current inventory levels are normal, with no significant issues reported from customers [48][55] Question: Geopolitical impacts and tariffs - Management is monitoring macro factors, including tariffs, but has experience navigating global trade [56][57] Question: Factors influencing 2025 revenue guidance - Revenue guidance is influenced by consumer demand and development work at customer sites, with blue included but not expected to drive significant growth [58][59] Question: Competition in the blue emitter market - Management believes that all paths to high-efficiency blue go through their materials, asserting a competitive edge [111] Question: Local competition in the Chinese market - The company is closely monitoring local Chinese material suppliers but remains confident in its longstanding customer relationships and quality [114]

Company Performance - Universal Display Corp. reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.07 per share, but down from $1.29 per share a year ago [1] - The earnings surprise for this quarter was 14.02%, following a previous quarter where the company reported earnings of $1.40 per share against an expectation of $1.20, resulting in a surprise of 16.67% [2] - The company achieved revenues of $162.29 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 9.17% and up from $158.32 million year-over-year [3] Market Performance - Universal Display shares have increased approximately 0.3% since the beginning of the year, while the S&P 500 has gained 4.5% [4] - The current Zacks Rank for Universal Display is 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.99 on revenues of $151.23 million, and for the current fiscal year, it is $4.71 on revenues of $669.78 million [8] - The outlook for the industry, particularly the Electronics - Miscellaneous Components sector, is currently in the bottom 35% of Zacks industries, which may impact the stock's performance [9]

Partnerships and Collaborations - The company has established long-term agreements with major manufacturers such as SDC, LG Display, and BOE, focusing on the supply of phosphorescent OLED materials and licensing of OLED technologies [61][62][63]. - In 2024, the company continued its commercial supply relationships with key partners including BOE, CSOT, LG Display, and Visionox for the use of its proprietary PHOLED materials in OLED displays [54][64][65]. - The company has been collaborating with SDC since 2001, providing PHOLED materials and licensing patents for AMOLED display products, with agreements extended through 2027 [60][61]. - The company continues to support numerous manufacturers in evaluating its OLED technologies and materials, fostering long-term strategic relationships [68]. - The company has long-standing research partnerships with Princeton University and USC, with funding obligations of $2.0 million for the year ended December 31, 2024, under the 1997 Amended License Agreement [94]. Intellectual Property and Technology Development - The company has a strong intellectual property portfolio with numerous patents covering various OLED technologies, which are crucial for its licensing business [54][52]. - As of December 31, 2024, the company owned more than 6,500 unexpired issued patents and pending patent applications globally [90]. - In 2023, the company acquired over 550 OLED-related patents from Merck KGaA for a cash payment of $66.0 million, which will be amortized over 10 years [96]. - The company is focusing on the development of FOLED technologies, which allow for OLEDs to be built on flexible substrates, enhancing durability and application versatility [55]. - The company is advancing its OVJP technology for OLED manufacturing, which aims to reduce material waste and improve deposition rates for large-area OLEDs [57][58]. Manufacturing and Production Capacity - The company purchased the manufacturing site in Shannon, Ireland in September 2023, which is expected to double production capacity for phosphorescent emitters [76]. - The Ewing, New Jersey facility exceeds 50,000 square feet and supports various OLED development activities, including device optimization and prototype fabrication [79]. - Adesis, Inc., a CDMO acquired in 2016, operates in over 47,500 square feet and employed 139 research scientists and technicians as of December 31, 2024 [82]. - The company has been working with PPG since 2000 for the manufacturing scale-up of its proprietary OLED materials, ensuring timely access to key raw materials [75]. Workforce and Employee Statistics - The company has 468 active employees as of December 31, 2024, with 345 being research scientists, engineers, and laboratory technicians [107]. - Women represent 40% of the executive management team, 16% of leadership roles, and 22% of the total workforce [108]. - The voluntary turnover rate in 2024 was 6%, with an overall employee growth rate of 3% [108]. Compliance and Financial Management - The company has successfully completed recertification audits for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 management systems in 2024 [74]. - The company does not anticipate substantial costs related to compliance with environmental protection laws in the foreseeable future [110]. - The company does not utilize financial instruments for trading purposes and holds no derivative financial instruments that could expose it to significant market risk [259]. - Substantially all revenue is derived from outside North America, primarily denominated in U.S. dollars, minimizing foreign exchange risk from routine customer sales [260]. Research and Development - The company has developed and commercialized phosphorescent emitter materials since 2003, which are used in various OLED devices to enhance energy efficiency [51]. - The company continues to collaborate with OLED material manufacturers to optimize PHOLED emitting dopants, although significant revenue generation from these collaborations is not expected [77]. - The company has Application Centers in Hong Kong and Pangyo, South Korea, to assist Asia-based customers with the evaluation of PHOLED materials [81]. Financial Obligations - The company is obligated to pay USC up to $1.7 million for work to be performed under the 2006 Research Agreement during the remaining extended term [86].

Exhibit 99.1 Press Release Universal Display Contact: Darice Liu investor@oled.com media@oled.com +1 609-964-5123 Universal Display Corporation Announces Fourth Quarter and Full Year 2024 Financial Results Financial Highlights for the Fourth Quarter of 2024 • Total revenue in the fourth quarter of 2024 was $162.3 million as compared to $158.3 million in the fourth quarter of 2023. • Revenue from material sales was $93.3 million in the fourth quarter of 2024 as compared to $82.2 million in the fourth quarter ...

Core Viewpoint - The article discusses an investigation into Universal Display Corporation (OLED) regarding potential securities fraud allegations, highlighting the importance of transparency and accountability in the company’s financial practices [1]. Group 1: Investigation Details - The investigation is being conducted by Levi & Korsinsky, focusing on whether Universal Display Corporation misled investors about its business and financial performance [1]. - Allegations suggest that the company may have engaged in practices that could constitute securities fraud, impacting shareholder value and trust [1]. Group 2: Implications for Shareholders - Shareholders are reminded to stay informed about the investigation's progress, as it may affect their investment decisions and the company's stock performance [1]. - The outcome of the investigation could lead to significant legal and financial repercussions for Universal Display Corporation, influencing its market position [1].

Investors in Universal Display Corporation (OLED) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

Universal Display Corp. (OLED) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ...

Core Insights - Universal Display Corp. reported revenue of $161.63 million for Q3 2024, a year-over-year increase of 14.6% and an EPS of $1.40 compared to $1.08 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $167.45 million, resulting in a surprise of -3.48%, while the EPS exceeded expectations by 16.67% against a consensus estimate of $1.20 [1] Revenue Breakdown - Material sales revenue was $83.43 million, below the average estimate of $95.97 million, reflecting a year-over-year decline of 9.8% [3] - Contract research services generated $3.61 million, compared to the average estimate of $4.08 million, marking a year-over-year increase of 35.2% [3] - Royalty and license fees amounted to $74.59 million, surpassing the average estimate of $66.64 million, with a year-over-year growth of 62.5% [3] Stock Performance - Universal Display shares have returned +5.1% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]

Universal Display Corp. (OLED) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this organic light-emitting diode technology company would post earnings of $1.14 per share when it actually produced earnings of $1.10, delivering a surprise of ...