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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) 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'.
Lamar Advertising Company (NASDAQ: LAMR) announced that CEO Sean Reilly will participate in the virtual 2021 Citi Global Property CEO Conference on March 9, 2021, at 9:45 AM EST. The discussion will be streamed live on the company's website, www.lamar.com, and will be available for 30 days post-event. Founded in 1902, Lamar is a leading outdoor advertising firm in North America, boasting over 354,500 displays and the largest digital billboard network in the U.S. with over 3,600 digital units.
Lamar Advertising Company (Nasdaq: LAMR) reported its Q4 and full-year results for 2020, showcasing net revenue of $428.5 million for Q4, down 7.4% from 2019, and full-year revenue of $1.57 billion, a 10.5% decrease year-over-year. However, net income rose to $108.7 million for Q4, up 5.8%, while annual net income fell to $243.4 million. Adjusted EBITDA for Q4 was $207.9 million, down 3.6%. Despite these declines, free cash flow increased 18.3% to $160.1 million. The company anticipates 2021 diluted earnings per share between $2.76 and $3.02.
Lamar Advertising Company (NASDAQ: LAMR) has declared a quarterly cash dividend of $0.75 per share, payable on March 31, 2021, to stockholders of record on March 22, 2021. The company anticipates total quarterly distributions for 2021 to reach $3.00 per common share, subject to board approval. With over 354,500 displays across North America, Lamar continues to support advertisers with a diverse range of out-of-home advertising options, including the largest network of digital billboards in the U.S.
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 3, 2021, at 10:15 a.m. (ET). 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 firm in North America with over 357,500 displays and more than 3,600 digital billboards in the U.S.
Lamar Advertising Company (NASDAQ: LAMR) released its year-end federal income tax reporting for its 2020 distributions on Class A and Class B common stock. Stockholders are advised to consult tax advisors regarding the specific treatment of these distributions. The report details various distributions per share, including ordinary and qualified dividends, highlighting the importance of these figures for tax purposes.
Lamar Advertising Company (Nasdaq: LAMR) is set to release its fourth quarter earnings report for the period ending December 31, 2020, before market opening on February 26, 2021. A conference call will follow at 8:00 a.m. Central Time for discussions on the company's performance and to address inquiries related to operations. Call details are provided along with options for replay and a live webcast available on their official website.
Lamar Advertising Company (Nasdaq: LAMR) announced a private placement of $550 million in 3.625% Senior Notes due 2031, expected to close around January 22, 2021. The proceeds, estimated at $542.5 million after fees, will primarily be used to redeem all outstanding 5 3/4% Senior Notes due 2026. This transaction involves guarantees on a senior unsecured basis by Lamar Media’s domestic subsidiaries. The notes will be offered only to qualified institutional buyers and non-U.S. persons, in compliance with applicable securities laws.
Lamar Advertising Company (Nasdaq: LAMR) is seeking to raise approximately $550 million through an institutional private placement of senior notes by its subsidiary, Lamar Media Corp. The proceeds will be used primarily to redeem existing $650 million 5 3/4% Senior Notes due 2026. The transaction's completion is contingent on market conditions, and the notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act. This announcement does not constitute an offer to sell or buy any securities.
Lamar Advertising Company (Nasdaq: LAMR) announced the intention of its subsidiary, Lamar Media Corp., to redeem all $650 million of its 5 3/4% Senior Notes due 2026, contingent upon fulfilling a Financing Condition of at least $550 million in new debt financing by February 3, 2021. If met, the redemption price will be 102.875% of the principal, plus accrued interest. A notice of redemption is being sent to registered holders through The Bank of New York Mellon Trust Company, N.A. This announcement serves informational purposes and is not a solicitation.
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