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) announced that CEO Sean Reilly will participate in a panel at the Wolfe Research Third Annual Real Estate and Housing Conference on March 2, 2023, at approximately 11:00 a.m. EST. The panel will focus on outdoor advertising and will be available via live webcast on the company's website, with an archive accessible for 30 days.
Lamar Advertising, founded in 1902, is a leading outdoor advertising firm in North America. It operates over 363,000 displays across the U.S. and Canada, offering various advertising formats, including the largest network of digital billboards with around 4,500 displays.
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 8, 2023, at 12:10 p.m. EST. The session will be broadcast live via audio webcast on the company’s website and archived for 30 days. Established in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 363,000 displays in the U.S. and Canada, including the largest digital billboard network in the U.S. with approximately 4,500 displays.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a Q&A session at the Citi 2023 Global Property CEO Conference on March 6, 2023, at approximately 1:40 p.m. EST. 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 company in North America, operating over 363,000 displays across the US and Canada. The company boasts the largest digital billboard network in the US, with around 4,500 displays, providing diverse advertising formats for local and national brands.
Lamar Advertising Company (Nasdaq: LAMR) reported strong operating results for Q4 and the full year ended December 31, 2022. Q4 net revenue was $535.5 million, up 8.3% from $494.6 million in Q4 2021. Net income decreased to $66.1 million from $123.3 million year-over-year. Adjusted EBITDA rose 9.4% to $252.3 million. For the full year, net revenue reached $2.03 billion, a 13.7% increase, while net income rose to $438.6 million. The company completed 19 acquisitions in Q4 at a cost of $192 million. Guidance for 2023 anticipates diluted AFFO per share between $7.40 and $7.55.
Lamar Advertising Company (LAMR) has declared a quarterly cash dividend of $1.25 per share, set to be paid on March 31, 2023, to stockholders of record on March 17, 2023. The company anticipates total quarterly distributions of $5.00 per common share for 2023. Moreover, Lamar's board has authorized an extension of its stock repurchase program to buy back up to $250 million in Class A common stock and a similar amount for repurchasing senior notes through September 30, 2024. These repurchases will be conducted based on market conditions and management's discretion.
Lamar Advertising Company (NASDAQ: LAMR) will release its fourth quarter earnings for the period ending December 31, 2022, on February 24, 2023. The earnings report will be available before the market opens. A conference call will take place the same day at 8:00 a.m. Central Time, where company results and operations will be discussed. Callers can join using 1-800-420-1271 or 1-785-424-1634, entering the passcode 68556. A live webcast and replay will also be accessible through Lamar's investor relations webpage until March 3, 2023.
Lamar Advertising Company (NASDAQ: LAMR) announced key federal income tax reporting information for its 2022 distributions on Class A and Class B common stock. The press release outlines the nature of distributions for the year ending December 31, 2022, detailing taxable amounts paid to stockholders. Shareholders should consult their tax advisors regarding the specific tax implications of these distributions. Lamar, founded in 1902, is a leading outdoor advertising firm in North America with over 360,000 displays and the largest digital billboard network in the U.S., providing diverse advertising options for local and national clients.
Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.20 per share and a special cash dividend of $0.30 per share. Both dividends are scheduled for payment on December 30, 2022, to stockholders of record as of December 19, 2022. Lamar, a major player in outdoor advertising, operates over 360,000 displays across North America and boasts the largest digital billboard network in the U.S. with approximately 4,300 displays.
Lamar Advertising Company (LAMR) reported strong third-quarter 2022 results, with net revenue reaching $527.4 million, a 10.6% increase year-over-year. Operating income climbed 35.7% to $181.0 million, and net income rose to $146.2 million, up from $106.8 million in Q3 2021. Adjusted EBITDA increased 8.9% to $251.2 million. For the nine months ending September 30, 2022, net revenue was $1.50 billion, reflecting a 15.8% increase. Lamar maintains a strong liquidity position with $857.3 million available as of September 30, 2022.
Lamar Advertising Company (NASDAQ: LAMR) will announce its third quarter earnings on November 4, 2022, before market opening. The earnings report will cover the period ending September 30, 2022. A conference call is scheduled for the same day at 8:00 a.m. Central Time to discuss the results and answer questions about the company's operations. Interested parties can join the call by dialing 1-203-518-9895 or 1-800-420-1271, using passcode 63104. The live webcast and a replay will be available at Lamar's investor relations website until November 11, 2022.