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) 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.
Lamar Advertising Company (NASDAQ: LAMR) will announce its second quarter earnings on August 3, 2022, before market opening. A conference call is scheduled for the same day at 8:00 a.m. Central Time, where executives will review the earnings and address questions about company operations. Interested parties can join the call by dialing 1-785-424-1634 or 1-800-420-1271, using passcode 63104. The call will also be available via live webcast and replay on their investor relations page until August 10, 2022.
Lamar Advertising Company (NASDAQ: LAMR) announced a quarterly cash dividend of $1.20 per share, payable on June 30, 2022, to stockholders of record as of June 20, 2022. This follows the previously paid dividend of $1.10 on March 31, 2022. For 2022, the expected total distributions to stockholders will be $4.70 per common share, subject to board approval. Lamar operates over 356,000 advertising displays across North America, including a vast network of digital billboards.
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