Universal Display ranks as 24th fastest growing public company
The Universal Display Corporation, a display and lighting technology provider based in Ewing (NJ), USA, has recently announced that it ranked 24th on the 2015 Fortune Magazine list of the 100 fastest-growing public companies. This marks the second consecutive year that Universal Display has ranked on the publication’s annual listing.
Fortune Magazine notes Universal Display’s strong financial performance over the past three years, with a three-year annual EPS growth rate of 107% and three-year revenue growth of 49%. With the global expansion of the OLED market and introduction of new OLED products including 4K TVs by LG, high-end and mid-range smartphone by Samsung and smartwatch wearable devices, Universal Display is reported to continue to enable the OLED industry’s advancements.
“Universal Display plays a key role in the growing OLED display and lighting markets,” said Steven V. Abramson, president and CEO of Universal Display. “It is an honour to be recognised by Fortune Magazine for the second year in a row, and to be ranked among this year’s list of the fastest-growing global companies.”
Fortune’s list ranks public companies, with market capitalisation of $250M or more, based on revenue growth rate, EPS growth rate and three-year annualised total return for the period ended 30 June 2015.