Ladenburg Thalmann Financial Services (A:LTS)

Business Focus: Investment Banking

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 4400 Biscayne Blvd Fl 12
MIAMI FL 33137-3212
Tel: N/A
Website: https://www.ladenburg.com
IR: See website
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Key People
Richard J. Lampen
Chairman of the Board, President, Chief Executive Officer
Howard M. Lorber
Vice Chairman of the Board
Brett H. Kaufman
Chief Financial Officer, Senior Vice President
Adam Scott Malamed
Chief Operating Officer, Executive Vice President, Director
Mark Zeitchick
Executive Vice President, Director
John Blood
Senior Vice President - Advisory Services and Solutions
Joseph Giovanniello
Senior Vice President - Corporate and Regulatory Affairs
Kirk Hulett
Senior Vice President - Organizational and Practice Development
 
Business Overview
Ladenburg Thalmann Financial Services Inc. is a financial services company engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, asset management services, wholesale life insurance brokerage and trust services. It operates through three segments: the independent brokerage and advisory services segment, the Ladenburg segment and the insurance brokerage segment. The independent brokerage and advisory services segment includes the broker-dealer and investment advisory services provided by its independent broker-dealer subsidiaries to their independent contractor financial advisors and the wealth management services provided by Premier Trust, Inc. The Ladenburg segment includes the investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment includes the wholesale insurance brokerage activities provided by Highland Capital Brokerage, Inc.
Financial Overview
For the three months ended 31 March 2019, Ladenburg Thalmann Financial Services revenues increased 2% to $335.5M. Net loss applicable to common stockholders increased 69% to $5.2M. Revenues reflect Independent Brokerage & Advisory Services segment increase of 3% to $283M, Insurance Brokerage segment increase of 16% to $36.2M. Higher net loss reflects Other increase of 18% to $21.1M (expense).
Employees: 1,512 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $621.91M as of Mar 31, 2019
Annual revenue (TTM): $1,397M as of Mar 31, 2019
EBITDA (TTM): $83.07M as of Mar 31, 2019
Net annual income (TTM): -$2.39M as of Mar 31, 2019
Free cash flow (TTM): $0.13M as of Mar 31, 2019
Net Debt Last Fiscal Year: $98.49M as of Mar 31, 2019
Shares outstanding: 148,698,613 as of May 3, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization