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) 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.
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.