SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The LPL Financial Charitable Foundation, (the “LPL Financial Foundation” or “Foundation”), LPL Financial’s philanthropic arm, today announced its 2024-2025 grant recipients who will receive a combined total of more than $1 million. Over the last four years, the LPL Financial Foundation has contributed more than $2.5 million to organizations aligned with its mission of enriching diversity in the next generation of financial professionals. The organizations selecte ...

SEOUL, South Korea , Nov. 9, 2024 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today its unveiling of the world's first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project. LG Display’s Stretchable ...

SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at S&G Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $165 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Tempe, Ariz., the firm is led by financial advisors Scott Garber and Marcus Seiter, with support from Nicole Kennedy, who will become a partner in January. The advisors ...

SAN DIEGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA), announced today that financial advisor Michael Bernier, CFP®, AIF®, has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch GWC Financial Advisors. He reported serving approximately $165 million in advisory, brokerage and retirement plan assets* and joins LPL from Canter Wealth. He will operate from the Linsco office in San Diego. With more than 20 years of experience in wealth management, Bernier helps clie ...

Shares of LPL Financial (LPLA) have gained 6.9% since the release of better-than-expected third-quarter 2024 results on Oct. 30 after market close. Adjusted earnings of $4.16 per share handily outpaced the Zacks Consensus Estimate of $3.69. The bottom line also reflects year-over-year growth of 11%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results benefited from robust improvement in revenues, partly offset by higher expenses. LPLA recorded growth in brokerage and advisory ass ...

Key Financial Results Net Income was $255 million, translating to diluted earnings per share ("EPS") of $3.39, up 16% from a year ago Adjusted EPS* increased 11% year-over-year to $4.16 Gross profit* increased 12% year-over-year to $1,128 million Core G&A* increased 5% year-over-year to $359 million Adjusted EBITDA* increased 12% year-over-year to $566 million Key Business Results Total advisory and brokerage assets increased 29% year-over-year to $1.6 trillion Advisory assets increased 35% year-over-year t ...

SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Randy Petrilli, Matt Goodwin, Travis Whitaker and Jeff McWhorter of Goodwin Petrilli Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported having approximately $205 million in advisory, brokerage and retirement plan assets*. They join LPL from Cambridge Investment Research. Based in Fort Collins, Co., the firm was founded in 1992 by Harry Goodwin, Matt’s fa ...

SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at Dougherty, Tedesco & Associates have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $800 million in advisory, brokerage and retirement plan assets,* and join LPL from Osaic. Founded in the early 1980s by Charlotte Dougherty, CFP®, the business has evolved over the years to into a holistic wealth management firm and cornerstone of the greater C ...

Financial Data and Key Metrics Changes - Q3 revenue reached KRW6,821.3 trillion, marking a 2% quarter-over-quarter growth and a 43% year-over-year increase due to the transition to an OLED-centric business portfolio [3][4] - Operating loss for Q3 was KRW80.6 billion, impacted by a one-off expense exceeding KRW100 billion related to an ERP program, although the loss was narrowed compared to the previous year [4][6] - Cash and cash equivalents stood at KRW1.787 trillion, with a potential total of KRW2.751 trillion if certain assets were included [6] Business Line Data and Key Metrics Changes - Area shipment declined 3% quarter-over-quarter but grew 32% year-over-year, driven by higher TV panel shipments [5] - ASP per square meter increased by 6% quarter-over-quarter to $825, supported by growth in small OLED products [5] - Mobile and other segments accounted for 36% of revenue, while IT segment revenue decreased by 33% quarter-over-quarter due to sluggish demand [5] Market Data and Key Metrics Changes - OLED's share of total revenue increased to 58%, up 16 percentage points year-over-year and 6 percentage points quarter-over-quarter [6] - The auto segment revenue accounted for 8% of the revenue mix, down 1 percentage point quarter-over-quarter, but continued its annual growth trajectory [5] Company Strategy and Development Direction - The company aims to enhance its OLED-centric business structure to improve fundamentals and performance, focusing on operational efficiency and cost innovation [8][9] - Plans for medium OLED business include solidifying competitiveness through stable supply and technology leadership, while the auto business will focus on expanding customer segments and increasing OLED product share [10][12] - Investment activities will be conservative, prioritizing strengthening business fundamentals and financial soundness while maximizing current infrastructure [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainties in the downstream IT product market, projecting mid-single-digit percent growth in shipments for TV and notebook PC panels in Q4 [7][9] - Despite macro uncertainties, management expressed confidence in the company's ability to drive performance through operational efficiency and cost management [8][9] Other Important Information - The company is undergoing a significant ERP program, which is expected to yield over KRW100 billion in annual labor cost reductions [8] - CapEx for the year is projected to be in the mid $2 trillion level, down by around KRW1 trillion year-over-year [14] Q&A Session Summary Question: Plans for cash proceeds from the Guangzhou LCD TV set plant sale - Management explained the deal structure and timing, indicating that the process may take time due to necessary approvals from multiple countries [16][18][19] Question: Competition in the smartphone business - The company acknowledged heightened competition but noted an uptrend in panel shipments and a strengthening product mix [26][27] Question: Demand recovery in the IT product industry - Management indicated that while there are signs of recovery in low-end products, the overall IT product market remains uncertain [32][33][36] Question: Price projections and demand normalization - The company expects a contraction in the TV set market but sees slight recovery signs in the IT set and panel market, particularly for low-priced products [35][36] Question: Growth strategies for large OLED panel business - Management highlighted efforts to enhance competitiveness through technological advancements and strengthening customer relationships [41][43]

SAN DIEGO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that the Board of Directors has confirmed Rich Steinmeier as Chief Executive Officer. Steinmeier, who had been interim CEO since October 1, was also elected a member of the Board.   In addition, the Board named Matt Audette as President and Chief Financial Officer, expanding his previous role as Chief Financial Officer and Head of Business Operations. The appointments are effective immediately.   “LPL is ...