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 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.
Lamar Advertising Company (NASDAQ: LAMR) is set to release its fourth quarter earnings report for the period ending December 31, 2021, on February 25, 2022, before the market opens. A conference call will follow at 8:00 a.m. Central time on the same day to discuss the results and address investor questions. Callers can dial 1-203-518-9859 or 1-800-343-1703, using passcode 52145. A replay will be available on the company's website until March 4, 2022.
Lamar Advertising Company (NASDAQ: LAMR) released year-end federal income tax reporting details for its 2021 distributions on Class A and Class B common stock. The information, presented on a per share basis, is intended to assist stockholders in understanding the tax implications of their earnings. Key distribution dates include March 31, June 30, September 30, and December 30, 2021, with varying amounts classified as ordinary and qualified dividends. Stockholders are advised to consult tax professionals regarding their specific tax situations.
Lamar Advertising Company (Nasdaq: LAMR) has declared a cash dividend of $1.00 per share and a special cash dividend of $0.50 per share, both payable on December 30, 2021. Shareholders of record for the Class A and Class B common stock will be recognized on December 20, 2021. Founded in 1902, Lamar is one of North America's largest outdoor advertising companies, operating over 352,000 displays across the U.S. and Canada, including approximately 3,800 digital billboards.
Lamar Advertising Company (NASDAQ: LAMR) has acquired Colossal Media, a prominent operator of hand-painted wall displays. Colossal operates 81 large-format displays across key U.S. cities, including New York and Los Angeles. CEO Kelly Peppers will continue to lead Colossal, which will retain its brand under Lamar. The acquisition aims to leverage Lamar's resources to enhance Colossal's growth while maintaining its artistic commitment. The purchase price was not disclosed, but it positions Colossal for a promising future in creative advertising.
Lamar Advertising Company (Nasdaq: LAMR) reported robust Q3 2021 results, with net revenue of $476.9 million, marking a 23.5% increase year-over-year. Net income rose to $106.8 million, a significant gain from $62.8 million in Q3 2020. The adjusted EBITDA was $230.7 million, reflecting a 35.2% increase. For the first nine months, net revenue reached $1.29 billion, a 13.4% rise. The company raised its full-year diluted AFFO guidance to between $6.35 and $6.50 per share, emphasizing a strong recovery in the advertising market.
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