LG Display Co (LPL) Company Overview

LPLA's fourth-quarter 2024 results top estimates on the back of an increase in revenues and brokerage and advisory assets. Yet, higher costs are a headwind.

Fourth Quarter 2024 Key Financial Results: Net Income was $271 million , translating to diluted earnings per share ("EPS") of $3.59 , up 26% from a year ago Adjusted EPS* increased 21% year-over-year to $4.25 Gross profit* increased 22% year-over-year to $1,228 million Core G&A* increased 16% year-over-year to $422 million Adjusted EBITDA* increased 22% year-over-year to $585 million Key Business Results: Total advisory and brokerage assets increased 29% year-over-year to $1.7 trillion Advisory assets increased 30% year-over-year to $957 billion Advisory assets as a percentage of total assets increased to 55.0%, up from 54.3% a year ago Total organic net new assets were $68 billion , representing 17% annualized growth This included $40 billion of assets from Prudential Advisors ("Prudential"), and $2 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Prior to these impacts, organic net new assets were $30 billion, translating to an 8% annualized growth rate Recruited assets (1) were a record of $79 billion This included $63 billion of assets from Prudential Advisor count (2) was 28,888 , up 5,202 sequentially and 6,228 year-over-year This included approximately 2,200 advisors from Atria Wealth Solutions, Inc. ("Atria"), and approximately 2,800 advisors from Prudential Total client cash balances were $ 55 billion , an increase of $9 billion sequentially and $7 billion year-over-year Client cash balances as a percentage of total assets were 3.2%, up from 2.9% in the prior quarter and down from 3.6% a year ago Key Capital and Liquidity Results: Corporate cash ( 3 ) was $479 million Leverage ratio (4) was 1.89x Share repurchases were $100 million and d ividends paid were $23 mill ion Full Year 2024 Key Financial Results: Net Income was $ 1.1 billion , translating to diluted EPS of $14.03 , up 2% from a year ago Adjusted EPS* increased 5% year-over-year to $16.51 Gross profit* increased 12% year-over-year to $4.50 billion Core G&A* increased 11% year-over-year to $1.52 billion Adjusted EBITDA* increased 7% year-over-year to $2.22 billion Key Business & Capital and Liquidity Results: Total organic net new assets were $141 billion , representing a 10% growth rate, up from 9% in 2023 Recruited assets for the year were a record of $149 billion, up approximately 86% from a year ago Share repurchases were $170 million and dividends paid were $90 million Key Updates Large Institutions: Prudential: Onboarded the retail wealth management business of Prudential, with $63 billion of total assets, of which $40 billion transitioned onto our platform in Q4 Wintrust Financial Corporation: In January 2025, onboarded the wealth management business of Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC (collectively, "Wintrust"), with $16 billion of brokerage and advisory assets, of which $15 billion transitioned onto our platform to-date M&A: Atria: Closed the acquisition of Atria, and expect to complete the conversion in mid-2025 The Investment Center, Inc. ("The Investment Center"): On track to close and convert the acquisition of The Investment Center in the first half of 2025 Liquidity & Succession: Deployed approximately $81 million of capital to close 8 deals in Q4, including two external practices Corporate Debt: Completed leverage-neutral refinancing of existing $1.0 billion Senior Secured Term Loan B with a new $1.0 billion Senior Unsecured Term Loan A Core G&A: 2024 Core G&A* was $1,515 million, within our outlook range of $1,510 million to $1,525 million Prior to the impact of Prudential and Atria, 2024 Core G&A* increased by approximately 8% In 2025, we plan to slow the growth of Core G&A*, as our ongoing investments to scale our business are driving greater efficiencies Our 2025 Core G&A* outlook range prior to Prudential and Atria is 6% to 8% year-over-year growth, or $1,560 million to $1,600 million Including expenses related to Prudential and Atria, our 2025 Core G&A* outlook range is $1,730 million to $1,780 million SAN DIEGO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the "Company") today announced results for its fourth quarter ended December 31, 2024, reporting net income of $271 million, or $3.59 per share.

WALNUT CREEK, Calif. , Jan. 28, 2025 /PRNewswire/ -- Anthony Calomeni, a financial advisor at Heffernan Financial Services in Walnut Creek today announced that his achievements have been recognized with inclusion in LPL Financial's Masters Club Program* for 2025.

LPL made gains in 2024, but it ended the year soft with a disappointing Q4, which may not bode well for 2025. Revenue increased in a seasonally strong Q4, but operating income still dropped because of weaker ASP compared to last year. The year 2025 is shaping up to be a tough one for a number of reasons, something LPL can do without due to the state of its finances.

LG Display Co., Ltd (NYSE:LPL ) Q4 2024 Results Conference Call January 22, 2025 ET Company Participants Brian Heo - Head of Investor Relations Sung-Hyun Kim - Chief Financial Officer Lee Ki-Yong - Business Intelligence Kim Chun Deok - Vice President of Large Display Planning and Management Kim Jeong Dong - Team Head of Medium Display Business Strategy Son Ki Hwan - VP of Auto Marketing Conference Call Participants Kim Dongwon - KB Securities Jimmy Yoon - UBS NamKung Hyon - Shinhan Investment & Securities Won Suk Chung - iM Securities Kim Sung - Kim Securities Brian Heo Good afternoon. I am Brian Heo, in charge of LG Display's IR team.

SAN DIEGO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Larry Forlenza, CRPC®, and Carl Hanks, CRPC®, have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $430 million in advisory, brokerage and retirement plan assets* and join LPL from Raymond James Financial Services.

SAN DIEGO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Marcus S. Alexander, CPFA®, MBA, has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch Alexander Wealth Solutions. He reported serving approximately $340 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. He will serve clients from LPL's newest Linsco office in Newport Beach, Calif.

LPLA shares hit a new all-time high. Can the newly elected government's stance and the company's growth efforts keep the momentum going?

SAN DIEGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ) (the “Company”), today released its monthly activity report for November 2024.