Universal Display reported its Q4 2019 financial results - revenues were $102 million, an increase of 45% compared to Q4 2018. Net income in the fourth quarter was $26.4 million.
Looking at 2019, UDC had a record year - with revenues of $405 million and a net income of $138 million. 2019 was a year of significant capacity additions, and 2020 will see less significant growth due to "capacity digestion". Looking into 2020, UDC sees revenues in the range of $430 to $70 million. UDC estimates that the coronavirus outbreak in China could lower its 2020 revenues by $40 - 50 million.
Looking further ahead, UDC estimates that install capacity at the end of 2021 will be about 50% higher than the install capacity at the end of 2019.
Finally, UDC increased its quarterly dividend to $0.15 per share.