• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Live From Shows

    Universal Display Announces 1Q 2017 Financial Results

    Total revenue increased 87% to $55.6 million in the first quarter.

    05.09.17
    Universal Display Corporation reported financial results for the first quarter ended March 31, 2017.
     
    Total revenue increased 87% to $55.6 million in the first quarter, compared with $29.7 million in the first quarter of 2016 driven by higher material sales as well as royalty and license fees. Revenue from material sales increased 92% to $46.6 million in the first quarter, compared with $24.3 million in the first quarter of 2016 and increased 60% sequentially from $29.2 million in the fourth quarter of 2016, due to an increase in phosphorescent emitter sales.
     
    Revenue from royalty and license fees increased 32% to $7.0 million in the first quarter, compared with $5.3 million in the first quarter of 2016. Operating income increased by $9.6 million to $12.1 million in the first quarter, compared with $2.5 million in the first quarter of 2016. Net income increased by $8.5 million to $10.4 million or $0.22 per diluted share in the first quarter, compared with $1.9 million or $0.04 per diluted share in the first quarter of 2016.
     
    “We are pleased to report excellent first quarter results across the board, including record emitter sales,” said Sidney Rosenblatt, EVP and CFO of Universal Display. “It is an exciting time for the OLED industry. We are encouraged by the momentum that we are seeing from our customers as well as from the supply chain that supports the OLED ecosystem. With customers’ mounting investments in new manufacturing capacity and the development of an array of new display and lighting products, we expect our growth trajectory to be positive for the foreseeable future.
     
    “As we look forward, we believe that the OLED industry is poised to grow faster than earlier expectations this year,” Rosenblatt continued. “We are therefore raising our 2017 revenue guidance range to at least $260 million to $280 million, reflecting year-over-year growth of 30% to 40%. Additionally, we are pleased to announce that the Board of Directors approved a second quarter dividend of $0.03 per share.”
    Related Searches
    • display
    • Universal Display
    • OLED
    Suggested For You
    CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production
    Universal Display Achieves ISO 45001:2018 Certification Universal Display Achieves ISO 45001:2018 Certification
    ASSA ABLOY to Acquire HHI Division of Spectrum Brands ASSA ABLOY to Acquire HHI Division of Spectrum Brands
    Adesis Announces Expansion at Delaware’s DuPont Experimental Station Adesis Announces Expansion at Delaware’s DuPont Experimental Station
    Brady Corporation Reports Fiscal 4Q 2021 Results Brady Corporation Reports Fiscal 4Q 2021 Results
    Space Mission Tests NREL Perovskite Solar Cells Space Mission Tests NREL Perovskite Solar Cells
    Universal Display Announces Recipients of the 2021 UDC Awards Universal Display Announces Recipients of the 2021 UDC Awards
    PPG, Universal Display Expand OLED Operations in Ireland PPG, Universal Display Expand OLED Operations in Ireland
    Applied Materials Announces 3Q 2021 Results Applied Materials Announces 3Q 2021 Results
    eMagin Corporation Announces 2Q 2021 Results eMagin Corporation Announces 2Q 2021 Results
    Zebra Technologies Announces 2Q 2021 Results Zebra Technologies Announces 2Q 2021 Results
    CCL Industries Announces 2Q 2021 Results CCL Industries Announces 2Q 2021 Results
    Universal Display Announces 2Q 2021 Financial Results Universal Display Announces 2Q 2021 Financial Results
    Emerson Reports 3Q 2021 Results Emerson Reports 3Q 2021 Results
    Identiv Reports 2Q 2021 Results Identiv Reports 2Q 2021 Results

    Related Breaking News

    • Breaking News | Displays and Lighting | Manufacturers News | Semiconductors and Quantum Dots
      CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production

      CYD, Nanosys’ ‘Air Stable’ Quantum Dot Component Enters Mass Production

      Collaborate on new generation of barrier-free extruded QD components, enabling adoption in sub-$500 TVs.
      09.10.21

    • Breaking News | Displays and Lighting | Suppliers News
      Universal Display Achieves ISO 45001:2018 Certification

      Universal Display Achieves ISO 45001:2018 Certification

      Company is certified under ISO 9001:2015, ISO 14001:2015 and now ISO 45001:2018.
      09.09.21

    • Breaking News | Manufacturers News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY to Acquire HHI Division of Spectrum Brands

      ASSA ABLOY to Acquire HHI Division of Spectrum Brands

      Key brands include Kwikset, Baldwin, Weiser, Pfister and National Hardware.
      09.09.21


    • Breaking News | Displays and Lighting
      Adesis Announces Expansion at Delaware’s DuPont Experimental Station

      Adesis Announces Expansion at Delaware’s DuPont Experimental Station

      The expanded lab space approximately triples Adesis’ footprint in the DuPont Experimental Station.
      09.09.21

    • Breaking News | Financial News | RFID and NFC
      Brady Corporation Reports Fiscal 4Q 2021 Results

      Brady Corporation Reports Fiscal 4Q 2021 Results

      Sales for the quarter ended July 31, 2021 were $306.1 million compared to $251.7 million in the same quarter last year.
      09.03.21

    Loading, Please Wait..
    Trending
    • GlobalFoundries, STMicroelectronics Partner On New Facility
    • Printed Electronics Now Interview: Francisco Melo Of Avery Dennison
    • ASSA ABLOY Receives Clearance From Mexico For HHI Acquisition
    • CircEl‐Paper: Recyclable Paper‐Based Electronics
    • With Its Ambient IoT, Wiliot Makes Inroads In IoT
    Breaking News
    • Sensormatic Unveils Sensormatic Synergy Media Display
    • ams OSRAM Receives the German Innovation Award
    • ASSA ABLOY Receives Clearance from Mexico for HHI Acquisition
    • Christoph Ostermann Named Chairman of Heliatek‘s Advisory Board
    • IMI Europe Announces InnoLAE 2024
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Sempera Organics and Alkemist Labs Announce Partnership for Mushroom Testing
    Nektium Expands International Distribution Network for Botanical Extracts
    Kemin Receives Positive EFSA Opinion for BetaVia Pure, its Beta-Glucan Ingredient
    Coatings World

    Latest Breaking News From Coatings World

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    Powder Technology, Inc. Announces New Electrical Coating
    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA Approves Endologix's Detour System for PAD
    Avanos to Sell Respiratory Health Biz to SunMed
    GrapheneDx, General Graphene Corp. and Sapphiros Enter Strategic Partnership
    Contract Pharma

    Latest Breaking News From Contract Pharma

    EUROAPI Invests €50M to Meet Growing Demand for Prostaglandins
    RK Pharma to Receive $200M Investment from PAG
    Axol Bioscience, StrataStem Partner on ‘Clinical Trial in a Dish’ for Alzheimer’s Disease
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Beiersdorf Shares Progress of Its Sustainability Agenda
    Estée Lauder Announces Second Edition of Beauty&You Brand Incubator Program
    GetHarley Raises $52 Million in Latest Funding Round
    Happi

    Latest Breaking News From Happi

    Beautycon Returns for 2023 at the Essence Festival of Culture in New Orleans
    Gen Z Entrepreneur Introduces The Ashley Marie Collection for 4C Hair Types
    Carrière Frères Introduces Candle Refills as New Sustainability Initiative
    Ink World

    Latest Breaking News From Ink World

    SICPA Inaugurates Its unlimitrust Campus
    Siegwerk’s Center of Excellence in France Receives Facelift
    Epson announces MakeTheSwitch Campaign
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus to celebrate 100 years, opening New Gallus Experience Center
    Mark Andy holds successful Low Migration Workshop
    Ryback & Ryback Consulting launches Machinery division
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Terra Baby Diapers, Wipes Launch in U.S. and Canada
    The Honest Company to Exit Europe, Asia
    TechnoPlants to Exhibit at ITMA
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    European Regulators Approve Amber Implants' VCFix Spinal System Study
    Orthobiologics Market to Top $10.3 Billion by 2030
    Artelon Granted U.S. FDA 510(k) Clearance for FlexBand, FlexPatch & FlexBand Plus
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Sensormatic Unveils Sensormatic Synergy Media Display
    ams OSRAM Receives the German Innovation Award
    ASSA ABLOY Receives Clearance from Mexico for HHI Acquisition

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login