Lamar Advertising Company’s (LAMR) impressive footprint of outdoor advertising assets across the United States and Canada positions it well to ride the growth curve. An unmatched logo signs business, a diversified tenant base across various sectors and a focus on local businesses assure stable revenues. Efforts to expand the digital platform and technological advancements in the low-cost, out-of-home (OOH) advertising platform also bode well for long-term growth.However, expected choppiness in the national ...

BATON ROUGE, La., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR) today announced certain year-end federal income tax reporting information for its 2024 distributions on its Class A and Class B common stock (“Common Stock”). The following table summarizes, for federal income tax purposes, the nature of distributions paid to holders of Lamar Common Stock, presented on a per share basis, during the calendar year ended December 31, 2024. Stockholders are encouraged to consu ...

BATON ROUGE, La., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its fourth quarter ended December 31, 2024 earnings report before the market opens on Thursday, February 20, 2025. Lamar will host a conference call on Thursday, February 20, 2025 at 8:00 a.m. (Central time) to discuss the Company’s results and answer questions relating to company operations. Instructions for dialing into Lamar’s conference call are provided below: All Callers:1-800-420-1271 or 1-785-42 ...

Shares of Lamar Advertising Company (LAMR) were up marginally on the Nov. 8 normal trading session on the Nasdaq after it reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $2.15, which increased 5.4% year over year but missed the Zacks Consensus Estimate of $2.21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect year-over-year growth in the top line, though higher expenses acted as a dampener. The company experienced strength in local and p ...

Financial Data and Key Metrics Changes - For Q3 2024, consolidated revenue grew by 4% or 3.6% on an acquisition-adjusted basis, marking the 14th consecutive quarter of growth for the company [6][11] - Adjusted EBITDA for the quarter was $271.2 million, an increase of 2.1% compared to $265.7 million in 2023, with an adjusted EBITDA margin of 48.1% [10][11] - Adjusted funds from operations (AFFO) totaled $220.7 million, up 5.7% from $208.8 million last year, with diluted AFFO per share increasing by 5.4% to $2.15 [11][19] - The company raised its full-year AFFO guidance to a range of $7.85 to $7.95 per share, representing a nearly 6% increase over 2023 [7][19] Business Line Data and Key Metrics Changes - Local/regional revenue increased by 4.9%, while national revenue decreased by 2.9% [8][12] - Digital revenue grew nearly 5% in the quarter, with programmatic sales channel revenue increasing over 70% year-over-year [8][9] - The company plans to accelerate the rollout of new digital units in 2025, targeting 375 to 400 new digital billboards [9] Market Data and Key Metrics Changes - Political advertising was a significant contributor, with nearly $15 million year-to-date through Q3, and expectations of approximately $30 million total by year-end [24][41] - Categories showing strength included Services (up 16%), Government nonprofit (up 17%), and Building & Construction (up 29%), while Insurance and Restaurants showed weakness [28] Company Strategy and Development Direction - The company anticipates increased M&A activity in 2025 after a quiet year in 2024, focusing on tuck-in transactions to enhance its footprint [10][49] - The strategy includes leveraging programmatic advertising growth and expanding into new customer categories such as consumer packaged goods and pharmaceuticals [29][31] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of local and regional sales, which accounted for approximately 79% of billboard revenue in Q3 [12] - The company is encouraged by the momentum seen in October's results and looks forward to executing its business plan for the remainder of the year [22] Other Important Information - Total capital expenditures for Q3 were $30.1 million, with a full-year CapEx estimate of $125 million [13][19] - The company extended its $250 million AR securitization for three years, maturing in October 2027, and maintains a well-laddered debt maturity schedule [14][16] Q&A Session Summary Question: Growth opportunities and potential drivers for 2025 - Management highlighted programmatic advertising and a rebound in national sales as key growth drivers, with new customers entering the programmatic space [29] Question: Current state of programmatic ad spending in out-of-home - Management noted that the programmatic channel is growing, with an increasing number of digital specialists entering the market, leading to higher CPMs [30][31] Question: Dichotomy between earnings and AFFO - Management explained that the increase in stock compensation due to stock price fluctuations impacted net income, while AFFO benefited from solid top-line growth [34][37] Question: Political contribution expectations for Q4 - Management projected political contributions for Q4 to be around $15 million, totaling close to $30 million for the year [41] Question: Revenue uplift from digital conversions - Management provided unit economics, indicating significant revenue increases from converting static units to digital, with a revenue lift of approximately 5 to 6 times [43][45] Question: M&A outlook for 2025 - Management indicated a pickup in M&A activity driven by internal decisions and improving market conditions, with a focus on fill-in acquisitions [49][56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lama ...

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of $2.21 per share. This compares to FFO of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.71%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of $2.07 per share when it actually produced FFO of $2.08, delivering a surprise of 0.48%.Over the ...

5321 Corporate Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces Third Quarter Ended September 30, 2024 Operating Results Three Month Results • Net revenues was $564.1 million • Net income was $147.8 million • Adjusted EBITDA was $271.2 million Nine Month Results • Net revenues was $1.63 billion • Net income was $363.9 million • Adjusted EBITDA was $754.6 million Baton Rouge, LA – November 8, 2024 - Lamar Advertising Company (the "Company" or "Lamar") (Nasdaq: LAMR), a leading owner and op ...

Core Insights - Lamar Advertising Company reported strong financial results for the third quarter of 2024, with net revenues of $564.1 million, a 4.0% increase from $542.6 million in the same quarter of 2023 [3][21] - The company also recognized a net income of $147.8 million for Q3 2024, up from $140.4 million in Q3 2023, reflecting a 5.3% increase [3][21] - Adjusted EBITDA for the third quarter was $271.2 million, representing a 2.1% increase from $265.7 million in Q3 2023 [4][21] Three Month Results - Net revenues for Q3 2024 were $564.1 million, compared to $542.6 million in Q3 2023, marking a 4.0% increase [3][21] - Net income for Q3 2024 was $147.8 million, up from $140.4 million in Q3 2023, an increase of $7.4 million [3][21] - Adjusted EBITDA for Q3 2024 was $271.2 million, compared to $265.7 million in Q3 2023, a 2.1% increase [4][21] Nine Month Results - For the nine months ended September 30, 2024, net revenues were $1.63 billion, up from $1.56 billion in the same period of 2023, a 4.7% increase [7][21] - Net income for the nine months ended September 30, 2024, was $363.9 million, compared to $347.5 million for the same period in 2023, an increase of $16.4 million [7][21] - Adjusted EBITDA for the nine months ended September 30, 2024, was $754.6 million, compared to $717.6 million in 2023, a 5.2% increase [8][21] Financial Metrics - Funds from operations (FFO) for Q3 2024 were $214.0 million, compared to $210.0 million in Q3 2023, a 1.9% increase [5][21] - Adjusted funds from operations (AFFO) for Q3 2024 were $220.7 million, up from $208.8 million in Q3 2023, a 5.7% increase [5][21] - Diluted AFFO per share increased 5.4% to $2.15 for Q3 2024, compared to $2.04 for Q3 2023 [5][21] Liquidity and Guidance - As of September 30, 2024, Lamar had total liquidity of $450.7 million, consisting of $421.2 million available for borrowing and $29.5 million in cash [10][21] - The company raised its full-year guidance for diluted AFFO to a range of $7.85 to $7.95 per share [2][12]

BATON ROUGE, La., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its third quarter ended September 30, 2024 earnings report before the market opens on Friday, November 8, 2024. Lamar will host a conference call on Friday, November 8, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations. Instructions for dialing into Lamar's conference call are provided below: All Callers: 1-800-420-1271 or 1-785-424-163 ...