LG Display (LPL)

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LG Display to Showcase Host of OLED Innovations for Large and Automotive Applications at K-Display 2024
Prnewswire· 2024-08-14 01:00
SEOUL, South Korea, Aug. 13, 2024 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, will participate in K-Display 2024 at COEX in Seoul for three days from August 14 to unveil its differentiated OLED technology competitiveness. Now in its 23rd year, K-Display 2024 is the largest specialized exhibition for the display industry in Korea, organized by the Korea Display Industry Association. LG Display to Showcase Host of OLED Innovations for Large and Automotive Applications at ...
LPL Highlights Advanced Solutions for Advisors to Thrive Throughout the Lifecycle of Their Business
GlobeNewswire News Room· 2024-08-13 13:25
Core Insights - LPL Financial aims to enhance the success of financial advisors and institutions by providing personalized support, innovative technology, and growth planning [1][2]. Business Solutions Expansion - LPL has expanded its suite of business solutions from three to 14 services over the past six years, with plans to reach 20 by year-end, co-designed with advisors to tackle common challenges [3]. Advisor Performance Insights - Research indicates that the top 10% of LPL advisors, who utilize at least two core functions like marketing or administration, earn three times more revenue than their peers while working similar hours [4]. New Services Introduction - LPL has introduced new Payroll and HR Solutions to address talent management needs, providing comprehensive support from setup to ongoing guidance [5][6]. - A Tech Consulting service has been launched to help advisors optimize their technology setups, addressing the dissatisfaction of 48% of advisors with their current technology [7][8]. - The Chief Investment Officer service offers advisors access to dedicated investment expertise, enhancing their strategies and client interactions [9]. - The LPL Growth Program provides personalized coaching to help advisors achieve their growth objectives through tailored sessions [10]. - A new Digital Marketing Platform is designed to improve client engagement through personalized communication across various digital channels [11]. Capital Support for Advisors - LPL Capital Partners is committed to providing capital for growth, liquidity, and succession planning, ensuring advisors can maintain client relationships and legacy [12]. Company Overview - LPL Financial serves over 23,000 financial advisors and is dedicated to supporting an advisor-mediated model, allowing advisors the freedom to choose their business model and services [14].
Wealthtech and AI High Among Advisor Priorities at LPL Financial's Focus 2024
GlobeNewswire News Room· 2024-08-12 13:25
SAN DIEGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The first full day of LPL Financial LLC's annual flagship conference, Focus 2024, is under way at the San Diego Convention Center today. Renowned throughout the wealth management industry, LPL's Focus conference convenes one of the largest gatherings of financial advisors and industry professionals and curates content and experiences from LPL's broad portfolio of offerings as well as from leading partners in financial technology, services and products. The LPL co ...
LPL Financial Kicks Off Focus 2024, One of the Largest Gatherings of Financial Advisors in the World
GlobeNewswire News Room· 2024-08-11 14:45
SAN DIEGO, Aug. 11, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC's annual flagship conference, Focus 2024, kicked off today at the San Diego Convention Center, the beginning of three dynamic days of learning and networking for financial professionals and institutions of all types and sizes. LPL's Focus conference, one of the largest in-person gatherings of financial advisors and industry influencers, brings together curated content from leading wealth management professionals, fintech partners and investment ...
LPL Financial Welcomes Englert Financial
GlobeNewswire News Room· 2024-07-31 12:55
Core Insights - LPL Financial LLC has welcomed financial advisors George Englert, Kevin Englert, and Carrie Hughes, who bring approximately $170 million in advisory, brokerage, and retirement plan assets from Avantax [1][5] - The move to LPL is part of Englert Financial's strategic plan to enhance technology and provide more personalized services to clients [7] Company Overview - LPL Financial is a leading firm serving over 23,000 financial advisors and approximately 1,000 institutions, emphasizing an advisor-mediated model that allows for personalized client guidance [8] - The firm is committed to providing independent solutions tailored to the needs of advisors, enabling them to manage client relationships effectively [8] Advisor Insights - George Englert emphasized the importance of a team approach to deliver comprehensive financial planning services tailored to each client's unique needs [2] - Carrie Hughes highlighted LPL's best-in-class technology and innovative resources, which will enhance client experiences and allow the team to focus on personalized investment planning [3] - Kevin Englert expressed excitement about the growth opportunities at LPL, noting the stability and confidence that come with being part of a Fortune 500 company [8] Firm Background - Englert Financial, based in Springfield, Virginia, was founded by George Englert, who has extensive experience working with government agencies [6] - The team includes Kevin Englert, who joined in 2011, and Carrie Hughes, who has a diverse background in wealth management and project management [6]
LG Display: Improved Results Offset By Lingering Uncertainty
Seeking Alpha· 2024-07-28 08:21
Core Viewpoint - LG Display (LPL) reported mixed results in its Q2 2024 earnings, showing improvements in revenue and EBITDA, but the stock declined due to concerns about future demand and profitability [19]. Financial Performance - LPL reported Q2 2024 revenue of KRW 6,708 billion (approximately $4.85 billion), a 27.7% increase QoQ and 41.5% YoY [5]. - The company experienced an operating loss of KRW 94 billion (about $68 million), significantly better than the expected loss, which was three times larger [5]. - EBITDA grew to KRW 1,287 billion (approximately $0.93 billion), up 58.9% QoQ and 890% YoY [5]. - Despite improvements, LPL ended the quarter with a net loss of KRW 471 billion (approximately $0.34 billion), although this was an improvement from a loss of KRW 699 billion a year ago [5]. Market Trends - The stock has been on a downward trend since its peak in April 2021, reaching a multi-year low of $3.45 on May 29, 2024 [4]. - Area shipments increased by 23% QoQ and 37% YoY to 6.5 million square meters, with OLED shipments accounting for 52% of revenue [11]. - The company is shifting focus from LCD to OLED displays, although competition from Chinese manufacturers is increasing in the OLED market [8]. Future Outlook - Q3 2024 guidance suggests area shipments will increase by mid-single digits QoQ, with flat average selling prices (ASP) [6][12]. - LPL is expected to post a profit in Q4 2024, but this could be lower than anticipated due to tough comparisons from Q4 2023 [8][20]. - The impact of the upcoming Olympic Games in 2024 may have temporarily boosted H1 2024 results, but this effect is not expected to continue into H2 2024 [8]. Debt and Valuation - LPL's total debt was KRW 16,159 billion (approximately $11.68 billion) in Q2 2024, down from KRW 17,023 billion in Q1 2024 [7]. - The company has a book value of KRW 9,180 billion (approximately $6.64 billion) and is currently valued at 0.23 times sales, indicating low market confidence [13]. - LPL's stock trades below its book value, with a price-to-book ratio of 0.62x, reflecting ongoing concerns about profitability [13].
LPL ALERT: Bragar Eagel & Squire, P.C. is Investigating LPL Financial Holdings Inc. on Behalf of LPL Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-07-26 01:00
NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against LPL Financial Holdings Inc. ("LPL" or the "Company") (NASDAQ: LPLA) on behalf of LPL stockholders. Our investigation concerns whether LPL has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On July 5, 2024, a federal judge granted Ameriprise Financial, Inc.'s ( ...
LPL Financial Announces Second Quarter 2024 Results
GlobeNewswire News Room· 2024-07-25 20:05
Net Income was $244 million, translating to diluted earnings per share ("EPS") of $3.23, down 12% from a year ago Adjusted EPS* decreased 2% year-over-year to $3.88 Gross profit* increased 9% year-over-year to $1,079 million Core G&A* increased 10% year-over-year to $371 million Adjusted EBITDA* increased 2% year-over-year to $533 million Corporate cash(3) was $684 million Leverage ratio(4) was 1.68x Dividends paid were $22.4 million SAN DIEGO, July 25, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. ( ...
LPL Financial Welcomes Investment Advisors Financial Group
GlobeNewswire News Room· 2024-07-24 12:55
SAN DIEGO, July 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of Investment Advisors Financial Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reported having served approximately $1 billion in advisory, brokerage and retirement plan assets* and joins LPL from Osaic. Musumeci, who has more than five decades of experience in the industry, continues to play an active role at the firm as President, employing his years of experience to pr ...
LG Display's OLED TV panels proven to 'Sleep Friendly' supporting body and eye health
Prnewswire· 2024-07-22 01:00
Media Contact: Joo Yeon Jennifer Ha, Manager, Communication Team Email: [email protected] SOURCE LG Display While the LCD TV group's melatonin secretion fell 2.7% over two hours, it increased 8.1% in the OLED TV group. The human body needs melatonin to rise in the evening to prepare for sleep. However, blue light emitted from displays is known to disturb melatonin secretion, potentially leading to sleep disorders. In general, LCD panels emit 70-80% blue light due to their continuous reliance on a strong bac ...