Last $3.71 USD
Change Today -0.08 / -2.11%
Volume 365.1K
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Berlin
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

ladenburg thalmann financial (LTS) Key Developments

Ladenburg Thalmann Financial Services Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Ladenburg Thalmann Financial Services Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $220,753,000 compared with $193,869,000 for the same period a year ago. Income before change in fair value of contingent consideration was $3,690,000 compared with loss before change in fair value of contingent consideration of $4,776,000 for the same period a year ago. Income before income taxes was $3,690,000 compared with loss before income taxes of $4,920,000 for the same period a year ago. Net loss available to common shareholders was $766,000 or $0.00 per basic and diluted share compared with $6,551,000 or $0.04 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $13,337,000 compared with $10,907,000 for the same period a year ago. The strong growth in advisory fees revenue was largely driven by an increase in net new advisory assets, successful recruitment of additional advisors and market appreciation. Commissions and investment banking revenues also remained very strong due to increased levels of client activity. For the six months, the company reported total revenues of $432,571,000 compared with $381,174,000 for the same period a year ago. Income before change in fair value of contingent consideration was $8,535,000 compared with loss before change in fair value of contingent consideration of $4,153,000 for the same period a year ago. Income before income taxes was $8,547,000 compared with loss before income taxes of $4,274,000 for the same period a year ago. Net income available to common shareholders was $294,000 or $0.00 per basic and diluted share compared with net loss available to common shareholders of $6,415,000 or $0.03 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $27,910,000 compared with $24,867,000 for the same period a year ago.

Ladenburg Thalmann Financial Services Inc. Confirms Series A Preferred Stock Monthly Dividends for Third Quarter of 2014, Payable on July 28, 2014, August 28, 2014 and September 29, 2014

Ladenburg Thalmann Financial Services Inc. confirmed the third quarter 2014 monthly cash dividends for its 8.00% Series A Cumulative Redeemable Preferred Stock. The $0.1667 per share dividends are payable on July 28, 2014, August 28, 2014 and September 29, 2014 to the shareholder of record on July 15, 2014, August 15, 2014 and September 15, 2014 respectively.

Ladenburg Thalmann Financial Services Inc. Approves Amendment to the Articles of Incorporation

Ladenburg Thalmann Financial Services Inc. announced at the AGM held on June 25, 2014 has approved the amendment to the Articles of Incorporation.

Ladenburg Thalmann Financial Services Inc. Proposes Amendment to its Articles of Incorporation

Ladenburg Thalmann Financial Services Inc. proposed an amendment to articles of incorporation to increase the number of shares of common stock authorized for issuance from 600,000,000 to 800,000,000, at the aGM to be held on June 25, 2014.

Ladenburg Thalmann Financial Services Inc., Annual General Meeting, Jun 25, 2014

Ladenburg Thalmann Financial Services Inc., Annual General Meeting, Jun 25, 2014., at 10:00 US Eastern Standard Time. Location: 4400 Biscayne Boulevard. Agenda: To elect twelve directors to board of directors; to approve a non-binding advisory resolution regarding the compensation of named executive officers, which refer to as the say-on-pay vote; to approve an amendment to articles of incorporation to increase the number of shares of common stock authorized for issuance from 600,000,000 to 800,000,000; to approve amended and restated 2009 incentive compensation plan; to ratify the appointment of EisnerAmper LLP as independent registered public accounting firm for the year ending December 31, 2014; and to transact such other business as may be properly presented at the meeting and at any postponements or adjournments thereof.

 

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