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 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.
Lamar Advertising Company (Nasdaq: LAMR) is set to participate in a Q&A session at the Goldman Sachs 29th Annual Communacopia Conference on September 16, 2020, at 4:35 p.m. (ET). This session will be broadcast live via an audio webcast on the company’s website and archived for 30 days. Founded in 1902, Lamar is a leading outdoor advertising company in North America, boasting over 385,000 displays across the U.S. and Canada, including more than 3,600 digital billboards.
Lamar Advertising Company (NASDAQ: LAMR) has declared a quarterly cash dividend of $0.50 per share, payable on September 30, 2020, to stockholders of record as of September 21, 2020. This dividend follows a prior payment of $1.00 per share on March 31, 2020, and $0.50 on June 30, 2020. As a REIT, Lamar intends to distribute at least 90% of its 2020 full-year taxable income in dividends. The company will evaluate its fourth-quarter dividend plans at a later date.
Lamar Advertising Company (LAMR) announced a private placement of $150 million in 4% Senior Notes due 2030. This issuance complements the existing $400 million of similar notes issued in February 2020. The offering aims to raise approximately $146.9 million after fees, which will be utilized to redeem $267.5 million of 5% Senior Subordinated Notes due 2023. The closing of the offering is anticipated around August 19, 2020. The notes will be guaranteed by Lamar Media's domestic subsidiaries and are offered under Rule 144A and Regulation S.
Lamar Advertising Company (Nasdaq: LAMR) is raising approximately $150 million through an institutional private placement of additional 4% Senior Notes due 2030, issued by its subsidiary, Lamar Media Corp. The new notes will maintain the same terms as the existing $400 million notes issued earlier this year. Proceeds will be used to redeem $267.5 million of 5% Senior Subordinated Notes due 2023 and for working capital or general corporate purposes. The offering is subject to market conditions.