Welcome to our dedicated page for Lamar Advertising news (Ticker: LAMR), a resource for investors and traders seeking the latest updates and insights on Lamar Advertising stock.
Lamar Advertising Company operates as an outdoor advertising company and real estate investment trust focused on billboard, logo sign, and transit advertising assets. News about LAMR commonly covers operating results, local and national advertising demand, acquisition-adjusted revenue trends, Adjusted EBITDA, AFFO, and updates tied to its outdoor display portfolio.
Recurring company developments also include cash dividends on Class A and Class B common stock, stock and debt repurchase authorizations, acquisitions of outdoor advertising assets, and appearances at media, communications, and property industry conferences.
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.
Lamar Advertising Company (NASDAQ: LAMR) announced that its subsidiary, Lamar Partnering Corporation (LPC), has filed a Registration Statement with the SEC for a proposed initial public offering (IPO) to raise $300 million, or up to $345 million if the underwriters’ over-allotment is fully exercised. LPC aims to partner with companies in out-of-home advertising, technology, and communications. Lamar will retain a 20% stake in LPC's ordinary shares post-offering, and LPC is expected to list on Nasdaq under the symbol 'LPCXU'.
Lamar Advertising Company (NASDAQ: LAMR) announced that CEO Sean Reilly will participate in the virtual 2021 Citi Global Property CEO Conference on March 9, 2021, at 9:45 AM EST. The discussion will be streamed live on the company's website, www.lamar.com, and will be available for 30 days post-event. Founded in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 354,500 displays and the largest digital billboard network in the U.S. with over 3,600 digital units.