Lamar Advertising Co Stock Price, News & Analysis

Lamar Advertising Company (NASDAQ: LAMR) announced strong first-quarter results for 2022, with net revenue of $451.4 million, a 21.7% increase year-over-year. Net income surged to $92.2 million, up from $38.3 million the previous year. Adjusted EBITDA rose 25.5% to $191.2 million. The company also reported a 30.4% increase in diluted AFFO per share to $1.50. Following solid bookings, Lamar raised its full-year guidance for diluted AFFO per share to a range of $7.20 to $7.35. As of March 31, 2022, total liquidity stood at $562.2 million.

Lamar Advertising Company (Nasdaq: LAMR) has acquired Burkhart Advertising Inc. in Indiana, adding over 1,500 billboard structures and 3,200 faces, including 23 digital displays across 38 counties. Burkhart is a leading out-of-home advertising provider in key Indiana cities like South Bend and Fort Wayne. The purchase reflects Lamar's commitment to growth in the outdoor advertising market, although the purchase price remains undisclosed. With this acquisition, Lamar strengthens its presence in Indiana and enhances its extensive network of digital billboards.

Lamar Advertising Company (Nasdaq: LAMR) will release its first quarter earnings report for the period ending March 31, 2022, on May 5, 2022. The earnings announcement will precede market opening. A conference call is scheduled for the same day at 8:00 a.m. Central Time to discuss the results and address inquiries related to operations. Callers can join by dialing 1-785-424-1601 or 1-800-343-1703 using the passcode 84314. A live webcast will also be available at the company's investor relations page, along with a replay accessible until May 12, 2022.

SBA Communications Corporation (NASDAQ: SBAC) announced the election of Jay L. Johnson as an independent director, effective March 28, 2022. Johnson, currently the CFO of Lamar Advertising (NASDAQ: LAMR), brings extensive experience in the Real Estate Investment Trust (REIT) sector and media. His background includes leadership roles at DiamondRock Hospitality and Host Hotels & Resorts. This appointment is seen as beneficial amidst ongoing innovations in wireless infrastructure and aims to enhance the Board's expertise.

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 9, 2022, at 6:00 p.m. ET. The session will be available live via webcast at www.lamar.com and archived for 30 days. Founded in 1902, Lamar is a leading outdoor advertising firm in North America, operating over 351,000 displays and approximately 3,900 digital billboards, catering to both local and national advertisers.

Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will join a roundtable discussion at the 2022 Citi Global Property CEO Conference on March 7, 2022, at 8:15 a.m. (ET). The event will be available via live audio webcast on the company’s website, www.lamar.com, and an archive will be accessible for 30 days. Founded in 1902, Lamar is a leading outdoor advertising firm with over 351,000 displays in the U.S. and Canada, and the largest network of digital billboards in the U.S., featuring approximately 3,900 displays.

Lamar Advertising Company (NASDAQ: LAMR) reported strong financial results for Q4 and the full year of 2021. Q4 net revenue rose 15.4% to $494.6 million, with net income increasing to $123.3 million. For the full year, net revenue hit $1.79 billion, marking a 13.9% increase from 2020. Adjusted EBITDA for the year was $827.3 million, up 23.2%. The company also declared a quarterly cash dividend of $1.10 per share and closed a total of 45 acquisitions, enhancing its advertising display portfolio.

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.10 per share, payable on March 31, 2022, for stockholders on record by March 21, 2022. The company anticipates total quarterly distributions in 2022 will reach $4.40 per common share, subject to board approval. Established in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 351,000 displays and the largest digital billboard network in the U.S. with around 3,900 displays.

Lamar Advertising Company announced a correction to its January 20, 2022 press release regarding federal tax reporting for 2021 distributions on its Class A and Class B common stock. The initial release erroneously classified the qualified taxable dividends and Sec. 199A dividends of the regular distribution and special dividend paid on December 30, 2021. Shareholders are advised to consult tax professionals for the accurate treatment of these distributions.