Ladenburg Thalmann (LTS) Tops Q4 EPS by 5c
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Ladenburg Thalmann Reports Fourth Quarter and Full Year 2014 Financial Results
March 17, 2015 8:01 AM EDTHighlights:
Revenues increased by 16% to record $921 million in fiscal 2014 Fiscal 2014 net income of $33.4 million Fiscal 2014 EBITDA, as adjusted, of $61.2 million Recurring revenue of 71% in independent brokerage and advisory services business Shareholders equity of $336 million at December 31, 2014 Completed previously announced purchase of certain assets of Sunset Financial Services, Inc. in the fourth quarter of 2014, adding over 200 advisors Completed previously announced acquisition of Securities Service Network, Inc. on January 2, 2015, adding approximately 450 financial advisors, registered representatives and insurance agents and... More