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 Co (NASDAQ: LAMR), a leader in outdoor advertising since 1902, provides investors and industry observers with critical updates through this centralized news hub. Our curated collection features official press releases and verified reports covering essential developments in billboard advertising, digital display expansions, and strategic partnerships.
This resource offers stakeholders timely access to earnings announcements, acquisition details, and leadership changes. Users will find updates on Lamar's growing digital network - the largest in the U.S. - alongside regulatory filings and sustainability initiatives impacting the out-of-home advertising sector.
Key content categories include quarterly financial results, new market entries, technology upgrades to digital billboard networks, and collaborations with municipal authorities. All materials are sourced directly from Lamar's investor relations team and SEC filings to ensure accuracy.
Bookmark this page for streamlined tracking of Lamar's operational milestones and advertising industry trends. Regular updates provide essential insights for evaluating the company's position in the evolving media landscape.
Lamar Advertising Company (Nasdaq: LAMR), a leading outdoor advertising and logo sign displays operator, has announced two dividend distributions for shareholders. The company's board of directors has declared a quarterly cash dividend of $1.40 per share and a special cash dividend of $0.25 per share. Both dividends will be paid on December 30, 2024 to stockholders of record of Lamar's Class A and Class B common stock as of December 18, 2024.
Lamar Advertising Company (LAMR) reported strong third quarter 2024 results with net revenues of $564.1 million, up 4.0% year-over-year. Net income increased 5.3% to $147.8 million, while Adjusted EBITDA grew 2.1% to $271.2 million. The company showed particular strength in local and programmatic sales, with Q4 revenue growth pacing ahead of Q3. Based on these results, Lamar raised its full-year guidance for diluted AFFO to $7.85-$7.95 per share, with consolidated EBITDA margins expected around 47%.
Lamar Advertising Company (Nasdaq: LAMR), a leading outdoor advertising and logo sign display operator, has announced a quarterly cash dividend of $1.40 per share. The dividend will be payable on September 30, 2024, to stockholders of record of Lamar's Class A and Class B common stock as of September 18, 2024. The company anticipates that the total distributions for 2024 will amount to at least $5.40 per common share, subject to board approval. This announcement demonstrates Lamar's commitment to providing consistent returns to its shareholders.
Lamar Advertising Company (LAMR) reported strong second quarter 2024 results, with net revenue increasing 4.5% to $565.3 million. Net income rose to $137.6 million, while Adjusted EBITDA grew 6.9% to $271.6 million. The company saw solid revenue growth driven by strong demand from local and regional advertisers. Diluted AFFO per share increased 9.5% to $2.08.
For the six months ended June 30, 2024, Lamar reported net revenues of $1.06 billion, a 5.0% increase year-over-year. Net income for this period was $216.1 million, with Adjusted EBITDA reaching $483.5 million, up 7.0%. The company maintains a strong liquidity position with $744.3 million in total liquidity as of June 30, 2024.
Lamar Advertising Company (Nasdaq: LAMR) will release its second-quarter earnings report for the period ending June 30, 2024, on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 8:00 a.m. Central time on the same day to discuss the results and answer questions about company operations.
Investors and interested parties can dial into the call at 1-800-420-1271 or 1-785-424-1634 using the passcode 63104. Additionally, a live webcast and replay of the conference call will be available on Lamar's website, www.lamar.com, with the replay accessible until August 15, 2024, at 11:59 p.m. Eastern time.
Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.30 per share for its Class A and Class B common stock. The dividend is payable on June 28, 2024, to shareholders of record on June 17, 2024. Lamar anticipates that the total quarterly dividends for 2024 will be at least $5.20 per share, pending board approval.
Lamar Advertising Company (Nasdaq: LAMR) will be represented by CEO Sean Reilly at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024. The session will be live-streamed on the company's website and archived for 30 days.
Lamar Advertising Company reported strong first-quarter results for 2024, with net revenue reaching $498.2 million, an increase of 5.7% over the previous year. Adjusted EBITDA was $211.9 million, showing a 7.1% growth. The company registered a net income of $78.5 million, with diluted AFFO per share up by 9.2%. Lamar's operating income improved, and cash flow provided by operating activities increased to $110.6 million. The company raised its full-year diluted AFFO guidance to a range of $7.75 to $7.90 per share for 2024.
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