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Named New Jersey's fastest-growing public company and a leading company among the technology sector rankings
August 21, 2014
By: DAVID SAVASTANO
Universal Display Corporation announced that it ranked 25th on the 2014 Fortune Magazine list of 100 Fastest-Growing Public Companies. Universal Display was New Jersey’s fastest-growing public company and a leading company among the technology sector rankings. Fortune Magazine has noted Universal Display’s exceptional revenue and EPS growth, with three-year annual growth rates of 63% and 144%, respectively. The company attributes its growth to the expanding OLED market and rapid adoption of its highly-efficient UniversalPHOLED technology and phosphorescent material systems. PHOLED technology is a key to low power consumption, brightness and long lifetime OLED displays and lighting sources. “The OLED industry is growing rapidly, and we have positioned Universal Display to capitalize on the myriad opportunities within the display and lighting industries,” said Steven V. Abramson, president and CEO of Universal Display. “It’s an honor to be ranked among so many successful global companies. With our customers and partners, we are building for sustainable innovation and growth in the OLED industry. Our team is creating a bright future for the OLED market.” Fortune’s list ranks public companies, with market capitalization of $250 million or more, based on revenue growth rate, EPS growth rate and three-year annualized total return for the period ended June 30, 2014. To compute the revenue and EPS growth rates, Fortune uses a trailing four quarters log linear least square regression fit.
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