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), founded in 1902, stands as one of the world's premier outdoor advertising companies. Boasting a vast network of more than 330,000 displays across the United States, Canada, and Puerto Rico, Lamar provides a plethora of advertising formats, including billboards, interstate logos, and transit advertising. This extensive inventory helps both local businesses and national brands reach broad audiences daily.
One of Lamar's key strengths lies in its pioneering digital capabilities. The company offers over 2,800 digital billboards, forming the largest network of such displays in the United States. This digital infrastructure enables dynamic and real-time advertising, enhancing the reach and engagement of campaigns.
Operating as a real estate investment trust (REIT) for U.S. federal income tax purposes, Lamar's primary revenue stream is derived from leasing advertising space on billboards, buses, shelters, benches, logo plates, and airport terminals. These leases are typically short-term agreements, allowing flexibility and responsiveness to market demands. Lamar oversees the entire lifecycle of advertising, from ad copy production to the placement and maintenance of physical advertisements, ensuring high quality and consistency.
The company's revenue is predominantly generated from renting ad space on its static and digital roadside billboards located primarily in states like Pennsylvania and Texas. Lamar's diverse client base encompasses sectors such as restaurants, services, healthcare, and retail, reflecting the comprehensive appeal and effectiveness of its advertising solutions.
Recent achievements include expanding its digital billboard network and forming strategic partnerships to enhance its service offerings. These endeavors position Lamar at the forefront of the outdoor advertising industry, continually adapting to technological advancements and market trends.
For more information, please visit Lamar's website or contact them at hello@lamar.com.
Lamar Advertising Company (LAMR) reported its Q4 and full-year 2024 results. Q4 net revenue increased 4.3% to $579.6 million, though the company recorded a net loss of $1.0 million compared to net income of $149.3 million in Q4 2023. The loss was primarily due to a $159.7 million asset retirement obligation adjustment.
For full-year 2024, net revenue grew 4.6% to $2.21 billion, while net income decreased 26.9% to $362.9 million. Adjusted EBITDA rose 4.8% to $1.03 billion. The company's cash flow from operations increased by $90.0 million to $873.6 million.
Notable developments include T-Mobile's acquisition of Vistar Media, from which Lamar received $115.1 million for its 20% stake, with potential for an additional $15.1 million. For 2025, Lamar projects diluted AFFO per share between $8.13 and $8.28.
Lamar Advertising Company (Nasdaq: LAMR) has announced its board of directors has declared a quarterly cash dividend of $1.55 per share, payable on March 28, 2025, to stockholders of record of both Class A and Class B common stock as of March 14, 2025.
The company, which is a leading owner and operator of outdoor advertising and logo sign displays, expects total aggregate quarterly distributions to stockholders in 2025 to be at least $6.20 per common share, subject to board approval. This projection includes the March 28, 2025 dividend payment.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a Q&A session at the Citi 2025 Global Property CEO Conference. The session is scheduled for Monday, March 3, 2025, at approximately 3:35 p.m. EST. The event will be accessible through a live audio webcast on Lamar's website and will remain archived for 30 days.
Lamar Advertising Company (Nasdaq: LAMR) has announced that CEO Sean Reilly will participate in a question-and-answer session at the Morgan Stanley Technology, Media and Telecom Conference. The session is scheduled for Wednesday, March 5, 2025, at approximately 2:30 p.m. EST. The event will be accessible through a live audio webcast on Lamar's website and will remain archived for 30 days.
Lamar Advertising Company (LAMR) has released its tax reporting information for 2024 distributions on Class A and Class B common stock. The company made four quarterly distributions throughout 2024:
- March 28: $1.30 per share
- June 28: $1.30 per share
- September 30: $1.40 per share
- December 30: $1.65 per share
For each distribution, the entire amount was classified as ordinary taxable dividend, with a portion qualifying as qualified taxable dividend and Section 199A dividend. There was no return of capital component in any of the distributions. The December distribution marked the highest quarterly payout at $1.65 per share.
Lamar Advertising Company (Nasdaq: LAMR) has announced it will release its fourth quarter 2024 earnings report before market opens on Thursday, February 20, 2025. The company will host a conference call the same day at 8:00 a.m. Central time to discuss results and answer operational questions.
Investors can access the conference call via phone using the numbers 1-800-420-1271 or 1-785-424-1634 with passcode 63104. A live webcast will be available on www.lamar.com, with a replay accessible through Thursday, February 27, 2025 at 11:59 p.m. Eastern time.
Lamar Advertising Company (Nasdaq: LAMR), a leading outdoor advertising and logo sign displays operator, has announced two dividend distributions for shareholders. The company's board of directors has declared a quarterly cash dividend of $1.40 per share and a special cash dividend of $0.25 per share. Both dividends will be paid on December 30, 2024 to stockholders of record of Lamar's Class A and Class B common stock as of December 18, 2024.
Lamar Advertising Company (LAMR) reported strong third quarter 2024 results with net revenues of $564.1 million, up 4.0% year-over-year. Net income increased 5.3% to $147.8 million, while Adjusted EBITDA grew 2.1% to $271.2 million. The company showed particular strength in local and programmatic sales, with Q4 revenue growth pacing ahead of Q3. Based on these results, Lamar raised its full-year guidance for diluted AFFO to $7.85-$7.95 per share, with consolidated EBITDA margins expected around 47%.
Lamar Advertising Company (Nasdaq: LAMR), a leading outdoor advertising and logo sign display operator, has announced a quarterly cash dividend of $1.40 per share. The dividend will be payable on September 30, 2024, to stockholders of record of Lamar's Class A and Class B common stock as of September 18, 2024. The company anticipates that the total distributions for 2024 will amount to at least $5.40 per common share, subject to board approval. This announcement demonstrates Lamar's commitment to providing consistent returns to its shareholders.
Lamar Advertising Company (LAMR) reported strong second quarter 2024 results, with net revenue increasing 4.5% to $565.3 million. Net income rose to $137.6 million, while Adjusted EBITDA grew 6.9% to $271.6 million. The company saw solid revenue growth driven by strong demand from local and regional advertisers. Diluted AFFO per share increased 9.5% to $2.08.
For the six months ended June 30, 2024, Lamar reported net revenues of $1.06 billion, a 5.0% increase year-over-year. Net income for this period was $216.1 million, with Adjusted EBITDA reaching $483.5 million, up 7.0%. The company maintains a strong liquidity position with $744.3 million in total liquidity as of June 30, 2024.
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