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 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.
Lamar Advertising Company (Nasdaq: LAMR) reported its Q4 and full-year results for 2020, showcasing net revenue of $428.5 million for Q4, down 7.4% from 2019, and full-year revenue of $1.57 billion, a 10.5% decrease year-over-year. However, net income rose to $108.7 million for Q4, up 5.8%, while annual net income fell to $243.4 million. Adjusted EBITDA for Q4 was $207.9 million, down 3.6%. Despite these declines, free cash flow increased 18.3% to $160.1 million. The company anticipates 2021 diluted earnings per share between $2.76 and $3.02.
Lamar Advertising Company (NASDAQ: LAMR) has declared a quarterly cash dividend of $0.75 per share, payable on March 31, 2021, to stockholders of record on March 22, 2021. The company anticipates total quarterly distributions for 2021 to reach $3.00 per common share, subject to board approval. With over 354,500 displays across North America, Lamar continues to support advertisers with a diverse range of out-of-home advertising options, including the largest network of digital billboards in the U.S.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference on March 3, 2021, at 10:15 a.m. (ET). The session will be available via live audio webcast on the company's website and archived for 30 days. Founded in 1902, Lamar is a leading outdoor advertising firm in North America with over 357,500 displays and more than 3,600 digital billboards in the U.S.
Lamar Advertising Company (NASDAQ: LAMR) released its year-end federal income tax reporting for its 2020 distributions on Class A and Class B common stock. Stockholders are advised to consult tax advisors regarding the specific treatment of these distributions. The report details various distributions per share, including ordinary and qualified dividends, highlighting the importance of these figures for tax purposes.
Lamar Advertising Company (Nasdaq: LAMR) is set to release its fourth quarter earnings report for the period ending December 31, 2020, before market opening on February 26, 2021. A conference call will follow at 8:00 a.m. Central Time for discussions on the company's performance and to address inquiries related to operations. Call details are provided along with options for replay and a live webcast available on their official website.
Lamar Advertising Company (Nasdaq: LAMR) announced a private placement of $550 million in 3.625% Senior Notes due 2031, expected to close around January 22, 2021. The proceeds, estimated at $542.5 million after fees, will primarily be used to redeem all outstanding 5 3/4% Senior Notes due 2026. This transaction involves guarantees on a senior unsecured basis by Lamar Media’s domestic subsidiaries. The notes will be offered only to qualified institutional buyers and non-U.S. persons, in compliance with applicable securities laws.
Lamar Advertising Company (Nasdaq: LAMR) is seeking to raise approximately $550 million through an institutional private placement of senior notes by its subsidiary, Lamar Media Corp. The proceeds will be used primarily to redeem existing $650 million 5 3/4% Senior Notes due 2026. The transaction's completion is contingent on market conditions, and the notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act. This announcement does not constitute an offer to sell or buy any securities.
Lamar Advertising Company (Nasdaq: LAMR) announced the intention of its subsidiary, Lamar Media Corp., to redeem all $650 million of its 5 3/4% Senior Notes due 2026, contingent upon fulfilling a Financing Condition of at least $550 million in new debt financing by February 3, 2021. If met, the redemption price will be 102.875% of the principal, plus accrued interest. A notice of redemption is being sent to registered holders through The Bank of New York Mellon Trust Company, N.A. This announcement serves informational purposes and is not a solicitation.