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) 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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.