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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 (NASDAQ: LAMR) will announce its first quarter earnings for the period ending March 31, 2023, on May 4, 2023, before market opening. The Company will also hold a conference call at 8:00 a.m. Central Time on the same day to discuss the earnings report and engage with stakeholders. Callers can dial 1-800-420-1271 or 1-785-424-1634 with the passcode 63104 to participate. A live webcast will be available on Lamar’s investor relations website, and a replay will be accessible until May 11, 2023. Contact for more information is Buster Kantrow, Director of Investor Relations, at (225) 926-1000 or via email at bkantrow@lamar.com.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a panel at the Wolfe Research Third Annual Real Estate and Housing Conference on March 2, 2023, at approximately 11:00 a.m. EST. The panel will focus on outdoor advertising and will be available via live webcast on the company's website, with an archive accessible for 30 days.
Lamar Advertising, founded in 1902, is a leading outdoor advertising firm in North America. It operates over 363,000 displays across the U.S. and Canada, offering various advertising formats, including the largest network of digital billboards with around 4,500 displays.
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 8, 2023, at 12:10 p.m. EST. The session will be broadcast live via audio webcast on the company’s website and archived for 30 days. Established in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 363,000 displays in the U.S. and Canada, including the largest digital billboard network in the U.S. with approximately 4,500 displays.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a Q&A session at the Citi 2023 Global Property CEO Conference on March 6, 2023, at approximately 1:40 p.m. EST. 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 company in North America, operating over 363,000 displays across the US and Canada. The company boasts the largest digital billboard network in the US, with around 4,500 displays, providing diverse advertising formats for local and national brands.
Lamar Advertising Company (Nasdaq: LAMR) reported strong operating results for Q4 and the full year ended December 31, 2022. Q4 net revenue was $535.5 million, up 8.3% from $494.6 million in Q4 2021. Net income decreased to $66.1 million from $123.3 million year-over-year. Adjusted EBITDA rose 9.4% to $252.3 million. For the full year, net revenue reached $2.03 billion, a 13.7% increase, while net income rose to $438.6 million. The company completed 19 acquisitions in Q4 at a cost of $192 million. Guidance for 2023 anticipates diluted AFFO per share between $7.40 and $7.55.
Lamar Advertising Company (LAMR) has declared a quarterly cash dividend of $1.25 per share, set to be paid on March 31, 2023, to stockholders of record on March 17, 2023. The company anticipates total quarterly distributions of $5.00 per common share for 2023. Moreover, Lamar's board has authorized an extension of its stock repurchase program to buy back up to $250 million in Class A common stock and a similar amount for repurchasing senior notes through September 30, 2024. These repurchases will be conducted based on market conditions and management's discretion.
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