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 has partnered with Grocery TV to create a unified advertising solution that enables brands to run campaigns in grocery stores and on large-format digital billboards. This Private Marketplace deal aims to enhance consumer engagement by reaching audiences in key markets like Los Angeles, Phoenix, and Dallas-Fort Worth. Grocery TV reported significant increases in foot traffic, with 170% on Memorial Day and 219% on the 4th of July. As the economy reopens, the partnership seeks to simplify planning for advertisers targeting consumers during the upcoming holiday season.
Vistar Media has secured a $30M Series B funding round from Lamar Advertising Company (LAMR), emphasizing the need for technological growth in the out-of-home (OOH) advertising sector. The investment aims to enhance Vistar's product innovation, international expansion, and financial stability. Lamar will obtain a minority stake and a board seat, reflecting a strong partnership that has evolved over eight years. Vistar’s technology powers major digital signage networks, providing critical tools for optimizing revenue through its sophisticated software platforms.
Lamar Advertising Company (NASDAQ: LAMR) has invested $30 million in Vistar Media, a leader in programmatic technology for digital out-of-home advertising. This minority stake aims to bolster Vistar's balance sheet and support its R&D efforts while expanding into new markets. As part of the deal, Lamar secures a seat on Vistar's Board of Directors. Lamar's CEO, Sean Reilly, expressed confidence in Vistar's innovation and leadership, viewing this investment as a strategic move to enhance the out-of-home media landscape.
Vistar Media, a leader in programmatic technology for digital out-of-home, has secured $30M in Series B funding from Lamar Advertising Company (Nasdaq: LAMR). This investment signifies a strong partnership aimed at driving growth in the out-of-home (OOH) industry through technological advancements. Lamar will acquire a minority equity stake in Vistar and a board seat. The funds will support Vistar's product innovation, international expansion, and financial stability, enhancing its position as a key player in digital signage management.
Lamar Advertising Company (NASDAQ: LAMR) will release its Q2 earnings report for the period ending June 30, 2021, before market opening on August 5, 2021. A conference call is scheduled for the same day at 8:00 a.m. Central time to discuss results and address inquiries about company operations. Investors can access the call by dialing 1-334-777-6991 or 1-800-338-4880 with the passcode 65248056. Replay options are available until August 12, 2021. Further information can be accessed on Lamar's website.
Lamar Advertising Company (Nasdaq: LAMR) has declared a quarterly cash dividend of $0.75 per share. This dividend is payable on June 30, 2021, to stockholders of record on June 21, 2021. As a prominent outdoor advertising firm, Lamar operates over 351,000 displays across North America, including the largest network of digital billboards with 3,600+ displays. The company continues to support local and national advertisers in reaching broad audiences.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will participate in a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference on May 26, 2021, at approximately 4:25 p.m. (ET). The session will be available via live audio webcast and will also be archived for 30 days on the company's website, www.lamar.com. Lamar, founded in 1902, operates over 351,000 advertising displays in North America and leads with a network of over 3,600 digital billboards.
Lamar Advertising Company (LAMR) reported net revenue of $370.9 million for Q1 2021, down 8.8% from Q1 2020. Net income decreased to $38.3 million with diluted earnings per share at $0.38. Adjusted EBITDA was $152.4 million, a 4.6% drop year-over-year. Despite these declines, free cash flow rose 10.6% to $107.4 million. The company raised its full-year guidance for diluted AFFO per share to between $5.40 and $5.60, indicating a positive outlook for the remainder of 2021 amid an advertising rebound.
Lamar Advertising Company (NASDAQ: LAMR) will announce its earnings for the first quarter ending March 31, 2021, on May 4, 2021, before the market opens. A conference call will follow that same day at 8:00 a.m. CT for discussions on the financial results and operational queries. Interested participants can join using the provided phone numbers and passcodes, with a live webcast available on the company's website. Replay options will remain accessible until May 11, 2021.
Lamar Advertising Company (NASDAQ: LAMR) announced that its subsidiary, Lamar Partnering Corporation (LPC), has filed a Registration Statement with the SEC for a proposed initial public offering (IPO) to raise $300 million, or up to $345 million if the underwriters’ over-allotment is fully exercised. LPC aims to partner with companies in out-of-home advertising, technology, and communications. Lamar will retain a 20% stake in LPC's ordinary shares post-offering, and LPC is expected to list on Nasdaq under the symbol 'LPCXU'.
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