Welcome to our dedicated page for Lamar Advertising Co news (Ticker: LAMR), a resource for investors and traders seeking the latest updates and insights on Lamar Advertising Co stock.
Lamar Advertising Company (NASDAQ: LAMR) is an outdoor advertising REIT that rents space on billboards, buses, shelters, benches, logo plates and in airport terminals. The company also offers customers services that cover ad copy production, placement and maintenance, and it reports that key revenue is generated from its billboard segment. Its public communications describe it as a leading owner and operator of outdoor advertising and logo sign displays.
This news page aggregates Lamar Advertising Company updates drawn from press releases and related SEC filings. Readers can find announcements on quarterly and year-to-date operating results, including net revenues, net income, adjusted EBITDA, funds from operations (FFO), adjusted funds from operations (AFFO) and free cash flow. The company also reports acquisition-adjusted revenue and EBITDA to show the impact of acquired or divested out-of-home assets, as well as gains from transactions such as the sale of its equity interest in Vistar Media, Inc.
Investors following LAMR news will see regular disclosures on dividend declarations for Class A and Class B common stock, including quarterly and special cash dividends. The page also captures financing and balance sheet developments, such as institutional private placements of senior notes due 2033, amendments to the senior credit agreement establishing new Term B Loan facilities, and changes in liquidity and borrowing under the revolving credit facility and accounts receivable securitization program.
In addition, Lamar’s news includes information on acquisitions of out-of-home assets, such as the contribution of Verde Outdoor billboard faces to its operating partnership, and leadership updates like the appointment of a president for its Outdoor Division. Conference participation and earnings release schedules are also disclosed. Bookmark this page to review Lamar Advertising Company’s historical announcements, financial updates and corporate actions in one place.
Lamar Advertising Company (Nasdaq: LAMR) announced the appointment of Sukhvinder Singh as Senior Vice President of Technology and Innovation. Previously with Host Hotels & Resorts, Singh will oversee the integration of technology into operations to enhance productivity and customer engagement. CEO Sean Reilly emphasized the importance of innovation and Singh's experience in driving insights and growth, particularly in programmatic advertising. Lamar, founded in 1902, operates over 351,000 displays across North America, including the largest network of digital billboards.
Lamar Advertising has partnered with Grocery TV to create a unified advertising solution that enables brands to run campaigns in grocery stores and on large-format digital billboards. This Private Marketplace deal aims to enhance consumer engagement by reaching audiences in key markets like Los Angeles, Phoenix, and Dallas-Fort Worth. Grocery TV reported significant increases in foot traffic, with 170% on Memorial Day and 219% on the 4th of July. As the economy reopens, the partnership seeks to simplify planning for advertisers targeting consumers during the upcoming holiday season.
Vistar Media has secured a $30M Series B funding round from Lamar Advertising Company (LAMR), emphasizing the need for technological growth in the out-of-home (OOH) advertising sector. The investment aims to enhance Vistar's product innovation, international expansion, and financial stability. Lamar will obtain a minority stake and a board seat, reflecting a strong partnership that has evolved over eight years. Vistar’s technology powers major digital signage networks, providing critical tools for optimizing revenue through its sophisticated software platforms.
Lamar Advertising Company (NASDAQ: LAMR) has invested $30 million in Vistar Media, a leader in programmatic technology for digital out-of-home advertising. This minority stake aims to bolster Vistar's balance sheet and support its R&D efforts while expanding into new markets. As part of the deal, Lamar secures a seat on Vistar's Board of Directors. Lamar's CEO, Sean Reilly, expressed confidence in Vistar's innovation and leadership, viewing this investment as a strategic move to enhance the out-of-home media landscape.
Vistar Media, a leader in programmatic technology for digital out-of-home, has secured $30M in Series B funding from Lamar Advertising Company (Nasdaq: LAMR). This investment signifies a strong partnership aimed at driving growth in the out-of-home (OOH) industry through technological advancements. Lamar will acquire a minority equity stake in Vistar and a board seat. The funds will support Vistar's product innovation, international expansion, and financial stability, enhancing its position as a key player in digital signage management.
Lamar Advertising Company (NASDAQ: LAMR) will release its Q2 earnings report for the period ending June 30, 2021, before market opening on August 5, 2021. A conference call is scheduled for the same day at 8:00 a.m. Central time to discuss results and address inquiries about company operations. Investors can access the call by dialing 1-334-777-6991 or 1-800-338-4880 with the passcode 65248056. Replay options are available until August 12, 2021. Further information can be accessed on Lamar's website.
Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $0.75 per share. This dividend is payable on June 30, 2021, to stockholders of record on June 21, 2021. As a prominent outdoor advertising firm, Lamar operates over 351,000 displays across North America, including the largest network of digital billboards with 3,600+ displays. The company continues to support local and national advertisers in reaching broad audiences.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference on May 26, 2021, at approximately 4:25 p.m. (ET). The session will be available via live audio webcast and will also be archived for 30 days on the company's website, www.lamar.com. Lamar, founded in 1902, operates over 351,000 advertising displays in North America and leads with a network of over 3,600 digital billboards.
Lamar Advertising Company (LAMR) reported net revenue of $370.9 million for Q1 2021, down 8.8% from Q1 2020. Net income decreased to $38.3 million with diluted earnings per share at $0.38. Adjusted EBITDA was $152.4 million, a 4.6% drop year-over-year. Despite these declines, free cash flow rose 10.6% to $107.4 million. The company raised its full-year guidance for diluted AFFO per share to between $5.40 and $5.60, indicating a positive outlook for the remainder of 2021 amid an advertising rebound.
Lamar Advertising Company (NASDAQ: LAMR) will announce its earnings for the first quarter ending March 31, 2021, on May 4, 2021, before the market opens. A conference call will follow that same day at 8:00 a.m. CT for discussions on the financial results and operational queries. Interested participants can join using the provided phone numbers and passcodes, with a live webcast available on the company's website. Replay options will remain accessible until May 11, 2021.