UDC Books a Profitable Q3 But Signals Material Sales Slowdown

Published November 4, 2024

After a strong first half of 2024, Universal Display Corporation (UDC) reported a sequential increase in net profits but signaled a slowdown in materials sales that started near the end of the third quarter. The company now projects reduced material sales in the fourth quarter and has downwardly revised its full year revenue guidance. Investors punished the company after the call, pushing the company’s stock price down 11% in trading on Thursday. The company’s stock closed on Friday, November 1st at $180.25, down 3% year-to-date.

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Written by

Bob O'Brien

bob.obrien@displaysupplychain.com

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