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) 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.
Lamar Advertising Company (Nasdaq: LAMR) announced a quarterly cash dividend of $0.50 per share, payable on December 30, 2020, to shareholders of record as of December 21, 2020. This marks a total of $2.50 distributed in 2020 across all common shares. The company continues to leverage its extensive network of over 357,500 displays and 3,600 digital billboards to drive advertising revenue and shareholder returns.
Lamar Advertising Company (Nasdaq: LAMR) will participate in Nareit’s REITworld: 2020 Annual Conference on November 17, 2020, at 10:30 am (CT). CEO Sean Reilly and CFO Jay Johnson will present a company overview during this virtual event. The presentation will be accessible via Lamar's Investor Relations webpage.
Founded in 1902, Lamar is a leading outdoor advertising company in North America, managing over 357,500 displays across the U.S. and Canada, including a robust digital billboard network with over 3,600 displays.
Lamar Advertising Company (Nasdaq: LAMR) reported its Q3 2020 results, showing net revenue of $386.1 million, down 15.7% year-over-year. Net income decreased to $62.8 million, with diluted AFFO per share falling 18.5% to $1.32. For the nine months ended September 30, total revenue reached $1.14 billion, marking an 11.7% decline. The company raised its guidance for diluted AFFO per share for FY 2020 to between $4.65 and $4.85 amidst rising advertising revenue.
Lamar Advertising Company (LAMR) will release its third quarter earnings report on November 5, 2020, before market opens. The company will host a conference call at 8:00 a.m. CT the same day to discuss earnings and operational updates. Call-in details include 1-334-777-6991 or 1-800-338-4880 with passcode 65248056. A replay will be available until November 12, 2020, via 1-334-323-0140 or 1-877-919-4059, using passcode 61368192. Investors can also access a live webcast at www.lamar.com.
Lamar Advertising Company (Nasdaq: LAMR) will announce its third quarter earnings report for the period ending September 30, 2020, on November 5, 2020, before market opening. The company will host a conference call at 8:00 a.m. (CT) to discuss financial results and answer questions regarding operations. Details for joining the call include a dial-in number (1-334-777-6991 or 1-800-338-4880) and a passcode (65248056). A replay of the call will be available until November 12, 2020, via the website.
Lamar Advertising Company (NASDAQ: LAMR) announced an exchange offer for its outstanding senior notes totaling $1.55 billion, comprising 3 3/4% notes due 2028, 4 7/8% notes due 2029, and 4% notes due 2030. The notes will be exchanged for newly issued registered securities, complying with registration rights agreements. The exchange offer expires on October 15, 2020. Original notes not exchanged will continue to accrue interest without further registration obligations by Lamar Media, except in limited circumstances. The offer aims to enhance liquidity without raising new capital.