Last $2.82 USD
Change Today -0.055 / -1.92%
Volume 196.9K
LTS On Other Exchanges
Symbol
Exchange
NYSE Amex
Berlin
As of 2:55 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

ladenburg thalmann financial (LTS) Key Developments

Ladenburg Thalmann Financial Services Inc. Confirms Series A Preferred Stock Monthly Dividends for the Second Quarter of 2014, Payable on April 28, 2014, May 28, 2014 and June 28, 2014

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

Ladenburg Thalmann Financial Services Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Ladenburg Thalmann Financial Services Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, revenues were $211.5 million, a 23% increase from revenues of $172.2 million in the fourth quarter of 2012. Net income attributable to the company for the fourth quarter of 2013 was $2.5 million, as compared to net loss attributable to the company of $2.4 million in the fourth quarter of 2012. Net loss available to common shareholders, after payment of preferred dividends, was $0.5 million or $0.00 per basic and diluted common share for the fourth quarter of 2013, as compared to net loss available to common shareholders of $2.4 million or $0.01 per basic and diluted common share in the comparable 2012 period. The fourth quarter 2013 results included approximately $6.1 million of non-cash charges for depreciation, amortization and compensation, $1.8 million of amortization of retention loans related to the Securities America acquisition, $2.0 million of interest expense and a loss on extinguishment of debt of $0.3 million, while the fourth quarter 2012 results included approximately $5.0 million of non-cash charges for depreciation, amortization and compensation, $2.1 million of amortization of retention loans related to the Securities America acquisition and $6.1 million of interest expense. Income before income taxes was $3.7 million against loss before income taxes of $2 million last year. Income before change in fair value of contingent consideration was $3.7 million against loss before change in fair value of contingent consideration of $2 million last year. EBITDA, as adjusted was $14 million against $11.2 million last year. For the full year, revenues were $793.1 million, a 22% increase over revenues of $650.1 million in 2012. Net loss attributable to the company was $0.5 million compared to net loss attributable to the company of $16.4 million in 2012. Net loss available to common shareholders, after payment of preferred dividends, was $7.4 million or $0.04 per basic and diluted common share in 2013, as compared to net loss available to common shareholders of $16.4 million or $0.09 per basic and diluted common share in 2012. The 2013 results included approximately $22.1 million of non-cash charges for depreciation, amortization and compensation, $7.2 million of amortization of retention loans related to the Securities America acquisition, $15.4 million of interest expense, a loss on extinguishment of debt of $4.5 million and a loss of $0.1 million from a change in fair value of contingent consideration. Income before income taxes was $2.4 million against loss before income taxes of $14.9 million last year. Income before change in fair value of contingent consideration was $2.5 million against loss before change in fair value of contingent consideration of $22.0 million last year. EBITDA, as adjusted was $51.6 million against $30.5 million last year.

Ladenburg Thalmann Financial Services Inc. Confirms Series A Preferred Stock Monthly Dividends for the First Quarter of 2014, Payable on January 28, 2014, February 28, 2014 and March 28, 2014

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

Ladenburg Thalmann Financial Services Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Ladenburg Thalmann Financial Services Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company’s total revenues were $200,489,000 against $159,834,000 a year ago. Income before income taxes was $2,958,000 against loss of $5,629,000 a year ago. Net income was $2,379,000 against loss of $6,037,000 a year ago. Net income attributable to the company was $2,402,000 against loss of $6,037,000 a year ago. Net loss available to common shareholders was $477,000 against $6,037,000 a year ago. EBITDA, as adjusted was $12,768,000 against $6,308,000 a year ago. For the nine months, the company’s total revenues were $581,663,000 against $477,934,000 a year ago. Loss before income taxes was $1,316,000 against $12,939,000 a year ago. Net loss was $3,034,000 against $13,999,000 a year ago. Net loss attributable to the company was $22,985,000 against $13,999,000 a year ago. Net loss available to common shareholders was $6,892,000 or $0.04 basic and diluted per share against $13,999,000 or $0.08 basic and diluted per share a year ago. EBITDA, as adjusted was $37,635,000 against $19,262,000 a year ago.

Ladenburg Thalmann Mulls Acquisitions

Ladenburg Thalmann Financial Services Inc. (AMEX:LTS) is seeking acquisition opportunities. "We believe that we have the opportunity through acquisitions, recruiting and internal growth to continue expanding our market share in this segment over the next several years," Ladenburg Thalmann stated in its quarterly report.

 

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