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].

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 ( ...

Company Participants Brian Heo LG Display Co., Ltd (NYSE:LPL) Q2 2024 Results Conference Call July 25, 2024 1:00 AM ET Conference Call Participants Good morning, and good afternoon. This is Brian Heo, in-charge of LG Display's IR. On behalf of the company, let me thank all the participants at this conference call. Today, I'm joined by the CFO, Sung-Hyun Kim; Seung Min Lim, Senior Vice President of Corporate Planning; [Joo Dong] Kim, Vice President of Finance; Ki-Yong Lee, in-charge of Business Intelligence; ...

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. ( ...

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 ...

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 ...

Connect with Us! SAN DIEGO, July 15, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors with Summit Planning Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reported having served approximately $750 million in advisory, brokerage and retirement plan assets* and joins LPL from Lincoln Financial. Founded in 1995, Summit Planning Group brings together a diverse group of advisors with backgrounds in accounting, finance, tax and investments who wor ...

At the end of 2023, the LPL Research team posited that in 2024, the markets would make a definitive turn to a more recognizable place, marked by meaningful shifts in inflation, interest rates and recession risk. At midyear, LPL professionals are still waiting for that turn. "Economic growth has continued to surprise to the upside," said Jeffrey Roach, PhD, Chief Economist at LPL Financial. "The U.S. economy has continued to exhibit remarkable resilience, growing beyond expectations despite facing high infla ...

SAN DIEGO, July 01, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that father and daughter financial advisors James (Jim) Zack and Amanda Zack have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Zack Wealth Group. They reported serving approximately $290 million in advisory, brokerage and retirement plan assets* and join LPL from Morgan Stanley. "We are a family team committed to helping other families, and it all starts with thorough planning and a deep understan ...

Company Overview - Bergkamp Financial, led by Managing Partners Amy McKinley and Lori Zern, focuses on comprehensive wealth strategies, retirement planning, investments, life insurance, annuities, and long-term care insurance [1] - The firm has been affiliated with LPL Financial since 2021, benefiting from LPL's open architecture platform and robust research capabilities [3] Recent Developments - Financial advisor Danielle Qualls has joined Bergkamp Financial, bringing approximately $160 million in advisory, brokerage, and retirement plan assets from her previous firm, Stifel, Nicolaus and Co. [8] - Qualls aims to enhance the collaborative approach of the team, focusing on multigenerational financial strategies to build family legacies [2][9] Team Expansion and Goals - The addition of Qualls is seen as a strategic move to expand services and enhance holistic planning for a diverse client base, which includes farmers, teachers, and business owners [4][9] - The team emphasizes the importance of collaboration and shared values, such as strong work ethic and empathy, to better serve their clients [9] Industry Context - LPL Financial serves nearly 23,000 financial advisors and is committed to providing independent advisors with integrated capabilities and resources to support their business goals [13]