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 J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 1:50 p.m. (ET). The session will be available via live audio webcast on Lamar's website and archived for 30 days. With over 356,000 displays across North America, Lamar is a leading outdoor advertising company and boasts the largest network of digital billboards in the U.S., featuring more than 4,000 digital displays.
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.