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 Co (NASDAQ: LAMR), a leader in outdoor advertising since 1902, provides investors and industry observers with critical updates through this centralized news hub. Our curated collection features official press releases and verified reports covering essential developments in billboard advertising, digital display expansions, and strategic partnerships.
This resource offers stakeholders timely access to earnings announcements, acquisition details, and leadership changes. Users will find updates on Lamar's growing digital network - the largest in the U.S. - alongside regulatory filings and sustainability initiatives impacting the out-of-home advertising sector.
Key content categories include quarterly financial results, new market entries, technology upgrades to digital billboard networks, and collaborations with municipal authorities. All materials are sourced directly from Lamar's investor relations team and SEC filings to ensure accuracy.
Bookmark this page for streamlined tracking of Lamar's operational milestones and advertising industry trends. Regular updates provide essential insights for evaluating the company's position in the evolving media landscape.
Lamar Advertising Company (NASDAQ: LAMR) announced that its subsidiary, Lamar Partnering Corporation (LPC), has filed a Registration Statement with the SEC for a proposed initial public offering (IPO) to raise $300 million, or up to $345 million if the underwriters’ over-allotment is fully exercised. LPC aims to partner with companies in out-of-home advertising, technology, and communications. Lamar will retain a 20% stake in LPC's ordinary shares post-offering, and LPC is expected to list on Nasdaq under the symbol 'LPCXU'.
Lamar Advertising Company (NASDAQ: LAMR) announced that CEO Sean Reilly will participate in the virtual 2021 Citi Global Property CEO Conference on March 9, 2021, at 9:45 AM EST. The discussion will be streamed live on the company's website, www.lamar.com, and will be available for 30 days post-event. Founded in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 354,500 displays and the largest digital billboard network in the U.S. with over 3,600 digital units.
Lamar Advertising Company (Nasdaq: LAMR) reported its Q4 and full-year results for 2020, showcasing net revenue of $428.5 million for Q4, down 7.4% from 2019, and full-year revenue of $1.57 billion, a 10.5% decrease year-over-year. However, net income rose to $108.7 million for Q4, up 5.8%, while annual net income fell to $243.4 million. Adjusted EBITDA for Q4 was $207.9 million, down 3.6%. Despite these declines, free cash flow increased 18.3% to $160.1 million. The company anticipates 2021 diluted earnings per share between $2.76 and $3.02.
Lamar Advertising Company (NASDAQ: LAMR) has declared a quarterly cash dividend of $0.75 per share, payable on March 31, 2021, to stockholders of record on March 22, 2021. The company anticipates total quarterly distributions for 2021 to reach $3.00 per common share, subject to board approval. With over 354,500 displays across North America, Lamar continues to support advertisers with a diverse range of out-of-home advertising options, including the largest network of digital billboards in the U.S.
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 3, 2021, at 10:15 a.m. (ET). 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 firm in North America with over 357,500 displays and more than 3,600 digital billboards in the U.S.
Lamar Advertising Company (NASDAQ: LAMR) released its year-end federal income tax reporting for its 2020 distributions on Class A and Class B common stock. Stockholders are advised to consult tax advisors regarding the specific treatment of these distributions. The report details various distributions per share, including ordinary and qualified dividends, highlighting the importance of these figures for tax purposes.
Lamar Advertising Company (Nasdaq: LAMR) is set to release its fourth quarter earnings report for the period ending December 31, 2020, before market opening on February 26, 2021. A conference call will follow at 8:00 a.m. Central Time for discussions on the company's performance and to address inquiries related to operations. Call details are provided along with options for replay and a live webcast available on their official website.
Lamar Advertising Company (Nasdaq: LAMR) announced a private placement of $550 million in 3.625% Senior Notes due 2031, expected to close around January 22, 2021. The proceeds, estimated at $542.5 million after fees, will primarily be used to redeem all outstanding 5 3/4% Senior Notes due 2026. This transaction involves guarantees on a senior unsecured basis by Lamar Media’s domestic subsidiaries. The notes will be offered only to qualified institutional buyers and non-U.S. persons, in compliance with applicable securities laws.
Lamar Advertising Company (Nasdaq: LAMR) is seeking to raise approximately $550 million through an institutional private placement of senior notes by its subsidiary, Lamar Media Corp. The proceeds will be used primarily to redeem existing $650 million 5 3/4% Senior Notes due 2026. The transaction's completion is contingent on market conditions, and the notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act. This announcement does not constitute an offer to sell or buy any securities.
Lamar Advertising Company (Nasdaq: LAMR) announced the intention of its subsidiary, Lamar Media Corp., to redeem all $650 million of its 5 3/4% Senior Notes due 2026, contingent upon fulfilling a Financing Condition of at least $550 million in new debt financing by February 3, 2021. If met, the redemption price will be 102.875% of the principal, plus accrued interest. A notice of redemption is being sent to registered holders through The Bank of New York Mellon Trust Company, N.A. This announcement serves informational purposes and is not a solicitation.
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