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Lamar Advertising Co - LAMR STOCK NEWS

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.

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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%.

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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.

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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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Lamar Advertising Company (Nasdaq: LAMR) will release its second-quarter earnings report for the period ending June 30, 2024, on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 8:00 a.m. Central time on the same day to discuss the results and answer questions about company operations.

Investors and interested parties can dial into the call at 1-800-420-1271 or 1-785-424-1634 using the passcode 63104. Additionally, a live webcast and replay of the conference call will be available on Lamar's website, www.lamar.com, with the replay accessible until August 15, 2024, at 11:59 p.m. Eastern time.

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Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.30 per share for its Class A and Class B common stock. The dividend is payable on June 28, 2024, to shareholders of record on June 17, 2024. Lamar anticipates that the total quarterly dividends for 2024 will be at least $5.20 per share, pending board approval.

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Lamar Advertising Company (Nasdaq: LAMR) will be represented by CEO Sean Reilly at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024. The session will be live-streamed on the company's website and archived for 30 days.

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Lamar Advertising Company reported strong first-quarter results for 2024, with net revenue reaching $498.2 million, an increase of 5.7% over the previous year. Adjusted EBITDA was $211.9 million, showing a 7.1% growth. The company registered a net income of $78.5 million, with diluted AFFO per share up by 9.2%. Lamar's operating income improved, and cash flow provided by operating activities increased to $110.6 million. The company raised its full-year diluted AFFO guidance to a range of $7.75 to $7.90 per share for 2024.

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Lamar Advertising Company (LAMR) is set to release its first-quarter earnings report on May 2, 2024. The company will host a conference call to discuss the results and answer operational questions. Investors can access the call via phone or webcast.
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Lamar Advertising Company (Nasdaq: LAMR) releases impressive fourth quarter and twelve-month results for 2023. Net revenue reached $555.9 million for the quarter and $2.11 billion for the year. Adjusted EBITDA was $268.2 million for the quarter and $985.7 million for the year. The company's CEO, Sean Reilly, highlighted revenue growth, controlled expenses, and projected further growth for 2024.
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Lamar Advertising Company (LAMR) declares a quarterly cash dividend of $1.30 per share, with a total expected distribution of $5.20 per common share in 2024.
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FAQ

What is the current stock price of Lamar Advertising Co (LAMR)?

The current stock price of Lamar Advertising Co (LAMR) is $130.35 as of November 22, 2024.

What is the market cap of Lamar Advertising Co (LAMR)?

The market cap of Lamar Advertising Co (LAMR) is approximately 13.2B.

What does Lamar Advertising Company do?

Lamar Advertising Company provides outdoor advertising solutions through billboards, interstate logos, and transit advertising across the US, Canada, and Puerto Rico.

How many displays does Lamar Advertising Company have?

Lamar boasts over 330,000 displays, including billboards, transit advertising, and more, with the largest network of digital billboards in the US.

What is Lamar Advertising's primary revenue source?

Lamar's primary revenue comes from leasing ad space on its static and digital roadside billboards.

Which sectors do Lamar's clients belong to?

Lamar's clients are primarily from the restaurant, service, healthcare, and retail sectors.

What makes Lamar's digital billboards unique?

Lamar operates the largest network of digital billboards in the US, offering dynamic and real-time advertising capabilities.

Where are Lamar's major billboard locations?

Lamar's major billboard locations include states like Pennsylvania and Texas.

How is Lamar Advertising Company organized for tax purposes?

Lamar Advertising Company is organized as a real estate investment trust (REIT) for U.S. federal income tax purposes.

What recent achievements has Lamar Advertising made?

Lamar has recently expanded its digital billboard network and formed strategic partnerships to enhance its offerings.

How can I contact Lamar Advertising Company?

You can contact Lamar Advertising Company via email at hello@lamar.com.

Where can I find more information about Lamar Advertising?

For more information, visit Lamar's website at www.lamar.com.

Lamar Advertising Co

Nasdaq:LAMR

LAMR Rankings

LAMR Stock Data

13.23B
87.20M
0.84%
93.95%
2.52%
REIT - Specialty
Real Estate Investment Trusts
Link
United States of America
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