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Last $3.56 USD
Change Today -0.04 / -1.11%
Volume 236.6K
LTS On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 04/24/15 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 Resignation of Richard J. Rosenstock from Board

Effective as of March 25, 2015, after 15 years of service as a member of the Board of Directors of Ladenburg Thalmann Financial Services Inc. and predecessor companies, Richard J. Rosenstock retired as a member of the Board. Mr. Rosenstock's resignation from the Board was not a result of any disagreement with the Company or its executive officers on any matter relating to the Company's operations, policies or practices.

Ladenburg Thalmann Financial Services Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Ladenburg Thalmann Financial Services Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $265.0 million, a 25% increase from revenues of $211.5 million in the fourth quarter of 2013, in part due to the acquisitions of Highland Capital Brokerage Inc. and KMS Financial Services Inc. Net income attributable to the company for the fourth quarter of 2014 was $10.4 million, as compared to net income attributable to the company of $2.5 million in the fourth quarter of 2013. Net income available to common shareholders, after payment of preferred dividends, was $5.0 million or $0.03 per basic common share and $0.02 per diluted common share, respectively, for the fourth quarter of 2014, as compared to net loss available to common shareholders of $0.5 million or $0.00 per basic and diluted common share in the comparable 2013 period. EBITDA, as adjusted, for the fourth quarter of 2014 was $17.3 million, a 12% increase from $15.4 million in the 2013 period. Income before income taxes was $2,030,000 against $3,720,000 a year ago. Full year 2014, revenues were $921.3 million, a 16% increase from revenues of $793.1 million in 2013. The acquisitions of Highland and KMS added $26.2 million and $19.8 million, respectively, in revenues during 2014. Net income attributable to the company for fiscal 2014 was $33.4 million, as compared to net loss attributable to the company of $0.5 million in 2013. Net income available to common shareholders, after payment of preferred dividends, was $16.2 million or $0.09 per basic common share and $0.08 per diluted common share in 2014, as compared to a net loss available to common shareholders, after payment of preferred dividends, of $7.4 million or $0.04 per basic and diluted common share in 2013. EBITDA, as adjusted, for full year 2014 was $61.2 million, an increase of 7% from $57.2 million for the prior-year period. Income before income taxes was $10,006,000 against $2,404,000 a year ago.

Ladenburg Thalmann Financial Services Inc. announced delayed annual 10-K filing

On 03/17/2015, Ladenburg Thalmann Financial Services Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Ladenburg Thalmann Financial Services Inc. Announces Executive Appointments

On January 20, 2015, Ladenburg Thalmann Financial Services Inc. entered into three-year employment agreements with each of Richard Lampen and Mark Zeitchick to serve as the Company's President and Chief Executive Officer and Executive Vice President, respectively, effective as of January 1, 2015. Mr. Lampen has not previously been party to an employment agreement with the Company.

Ladenburg Thalmann Financial Services Inc. Confirms Series A Preferred Stock Monthly Dividends for First Quarter of 2015, Payable on January 28, 2015, March 2, 2015 and March 30, 2015 Respectively

Ladenburg Thalmann Financial Services Inc. confirmed the first quarter 2015 monthly cash dividends for its 8.00% series A cumulative redeemable preferred stock. The $0.1667 per share dividends are payable on January 28, 2015, March 2, 2015 and March 30, 2015 respectively to the shareholder of record on January 15, 2015, February 15, 2015 and March 15, 2015 respectively.

 

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