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.
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.
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.