LG Display (LPL)

Search documents
LPL Financial Welcomes Strata Financial Group
GlobeNewswire News Room· 2024-11-20 13:55
Core Insights - LPL Financial has welcomed five financial advisors from Strata Financial Group, who manage over $350 million in advisory, brokerage, and retirement plan assets [1][9] - Strata Financial Group, founded in 1998, operates in two Ohio locations and focuses on personalized financial services [2] - The partnership with LPL Financial aims to enhance client service through improved resources and technology [3][4] Company Overview - LPL Financial Holdings Inc. serves over 28,000 financial advisors and is committed to supporting independent advisors with a focus on personalized client relationships [6] - The firm emphasizes the importance of independence for advisors, allowing them to choose their business models and services [6] Team and Services - Strata Financial Group employs a team-based approach to provide comprehensive financial services, including tax strategies and investment planning [2][3] - The team is led by partners Campagni, Jurczynski, and Mitchell Romeo, supported by staff members [2] Strategic Goals - The advisors from Strata Financial Group aim to leverage LPL's resources to enhance client service and offer a broader range of investment solutions [4] - The focus is on creating differentiated experiences for clients through consolidated reporting and advanced technology [4]
LG Display (LPL) - 2024 Q3 - Quarterly Report
2024-11-14 11:09
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 LG Display Co., Ltd. (Translation of Registrant's name into English) LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Republic of Korea (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports un ...
LPL Financial Welcomes Financial Advisors Ryan Kirby, Michael Alvarez
GlobeNewswire News Room· 2024-11-13 13:56
SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Ryan Kirby, CFP®, and Michael Alvarez have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Seapoint Wealth Advisors (Seapoint). Kirby and Alvarez reported serving approximately $540 million in advisory, brokerage and retirement plan assets,* and they join LPL from U.S. Bank. Based in San Diego, Kirby and Alvarez are longtime colleagues who built their practice ...
LPL Financial Foundation Awards Over $1 Million to Support Enhancing Diversity in Wealth Management
GlobeNewswire News Room· 2024-11-11 14:00
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 ...
LPL Financial Stock Jumps 6.9% as Q3 Earnings Beat on Higher Revenues
ZACKS· 2024-11-01 13:10
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 ...
LPL Financial Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-30 20:05
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 ...
LPL Financial Welcomes Goodwin Petrilli Financial
GlobeNewswire News Room· 2024-10-29 12:55
Core Insights - LPL Financial has welcomed four financial advisors from Goodwin Petrilli Financial, who bring approximately $205 million in advisory, brokerage, and retirement plan assets [1][8] Group 1: Company Overview - LPL Financial Holdings Inc. is a leading firm serving over 23,000 financial advisors and approximately 1,000 institutions across the United States [6] - The company emphasizes a business model that prioritizes the needs of advisors and institutions, allowing them the freedom to choose their services and technology resources [6] Group 2: Goodwin Petrilli Financial - Goodwin Petrilli Financial, founded in 1992 by Harry Goodwin, offers a comprehensive range of financial planning and investment management services in Northern Colorado [2] - The firm has a strong local presence and a solid referral network, particularly working with educators to manage retirement assets [3] Group 3: Transition to LPL Financial - The advisors at Goodwin Petrilli Financial chose to join LPL to enhance their service offerings and meet rising client expectations [3] - LPL's technology, particularly the ClientWorks platform, is seen as a significant advantage for providing personalized and efficient services [4] - LPL's commitment to supporting the growth of Goodwin Petrilli Financial is highlighted by their focus on innovative technology and strategic resources [4]
LPL Financial Welcomes Dougherty, Tedesco & Associates
GlobeNewswire News Room· 2024-10-24 12:55
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 ...
LG Display (LPL) - 2024 Q3 - Earnings Call Transcript
2024-10-23 16:51
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]
Rich Steinmeier Named Chief Executive Officer of LPL Financial; Elected to Board of Directors
GlobeNewswire News Room· 2024-10-21 20:20
Core Insights - LPL Financial Holdings Inc. has confirmed Rich Steinmeier as Chief Executive Officer and Matt Audette as President and Chief Financial Officer, effective immediately [1][2] - Steinmeier's appointment reflects the Board's succession plan and acknowledges his contributions since joining LPL in 2018, during which the company's organic growth rate has more than doubled [2] - The leadership team aims to enhance client service and stakeholder value while maintaining a strong position in the wealth management sector [2] Leadership Changes - Rich Steinmeier, previously interim CEO since October 1, 2024, has been appointed as the permanent CEO and elected to the Board [1][3] - Matt Audette has expanded his role from Chief Financial Officer to include the position of President, overseeing financial, risk, compliance, and client operations [1][4] Company Background - LPL Financial serves over 23,000 financial advisors and approximately 1,000 institutions, emphasizing an advisor-mediated model that allows for personalized financial guidance [5] - The firm operates under the principle that it should work for advisors and institutions, providing them with the freedom to choose their business models and manage client relationships [5]