Lamar Advertising Co - LAMR STOCK NEWS

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.

Lamar Advertising Company (NASDAQ: LAMR) will release its fourth quarter earnings for the period ending December 31, 2022, on February 24, 2023. The earnings report will be available before the market opens. A conference call will take place the same day at 8:00 a.m. Central Time, where company results and operations will be discussed. Callers can join using 1-800-420-1271 or 1-785-424-1634, entering the passcode 68556. A live webcast and replay will also be accessible through Lamar's investor relations webpage until March 3, 2023.

Lamar Advertising Company (NASDAQ: LAMR) announced key federal income tax reporting information for its 2022 distributions on Class A and Class B common stock. The press release outlines the nature of distributions for the year ending December 31, 2022, detailing taxable amounts paid to stockholders. Shareholders should consult their tax advisors regarding the specific tax implications of these distributions. Lamar, founded in 1902, is a leading outdoor advertising firm in North America with over 360,000 displays and the largest digital billboard network in the U.S., providing diverse advertising options for local and national clients.

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.20 per share and a special cash dividend of $0.30 per share. Both dividends are scheduled for payment on December 30, 2022, to stockholders of record as of December 19, 2022. Lamar, a major player in outdoor advertising, operates over 360,000 displays across North America and boasts the largest digital billboard network in the U.S. with approximately 4,300 displays.

Lamar Advertising Company (LAMR) reported strong third-quarter 2022 results, with net revenue reaching $527.4 million, a 10.6% increase year-over-year. Operating income climbed 35.7% to $181.0 million, and net income rose to $146.2 million, up from $106.8 million in Q3 2021. Adjusted EBITDA increased 8.9% to $251.2 million. For the nine months ending September 30, 2022, net revenue was $1.50 billion, reflecting a 15.8% increase. Lamar maintains a strong liquidity position with $857.3 million available as of September 30, 2022.

Lamar Advertising Company (NASDAQ: LAMR) will announce its third quarter earnings on November 4, 2022, before market opening. The earnings report will cover the period ending September 30, 2022. A conference call is scheduled for the same day at 8:00 a.m. Central Time to discuss the results and answer questions about the company's operations. Interested parties can join the call by dialing 1-203-518-9895 or 1-800-420-1271, using passcode 63104. The live webcast and a replay will be available at Lamar's investor relations website until November 11, 2022.

Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $1.20 per share, payable on September 30, 2022. This dividend will be distributed to stockholders who hold Lamar’s Class A and Class B common stock as of September 19, 2022. With a robust portfolio of over 360,000 displays across North America, Lamar continues to be a leading player in outdoor advertising, including the largest network of digital billboards in the U.S.

Lamar Advertising Company (LAMR) reported strong operating results for Q2 and H1 2022. Net revenue for Q2 reached $517.9 million, up 16.4% year-over-year. Net income increased to $134.2 million, with diluted earnings per share at $1.32. Adjusted EBITDA rose 14.0% to $243.4 million. For the six months ending June 30, 2022, net revenue was $969.2 million, marking an 18.8% increase. Total liquidity stood at $496.3 million. Recent acquisitions included over 3,900 advertising displays, enhancing growth potential.