Finance

Outfront Organic Revenue up 2.8% in 4Q 2016

Here are the highlights from Outfront’s  fourth quarter 2016 financials and Seeking Alpha Earnings call. Revenues decreased 0.3% to $397 million during the fourth quarter of 2016 as a 2.9% acquisition adjusted increase in revenues was offset by the disposition of the company’s Latin American business.  The 2.8% increase in organic revenues is higher than Lamar’s 2.0% figure and well in excess of GDP growth.   The increase was due to higher pricing and additional revenue from the conversion of static […]

by billboardinsider· · Comments are Disabled · Finance

Clear Channel Outdoor Pays Dividend

As previously announced, on February 9, 2017, the Board of Directors of Clear Channel Outdoor Holdings, Inc. (the “Company”) declared a special cash dividend payable on February 23, 2017 (the “Payment Date”) to Class A and B stockholders of record at the closing of business on February 20, 2017 (the “Record Date”), in an aggregate amount equal to $282.5 million. As of the closing of business on the Record Date, there were 47,300,987 shares of Class A Common Stock and 315,000,000 shares of Class B Common Stock […]

by John Weller· · Comments are Disabled · Finance

Daktronics revenue down 6% in third quarter of fiscal 2017

Digital sign manufacturer Daktronics reported a net loss of $2 million on revenue of $116 million for the third quarter of fiscal 2017 (3 months ended January 28, 2017).  The third quarter is historically Daktronics’ weakest due to seasonality in the sports business, construction cycles and a decrease in production days due to holidays.  Here are the highlights from the earnings release and the Seeking Alpha earnings call transcript. Revenue declined 6% to $116 million in the third quarter of […]

by billboardinsider· · Comments are Disabled · Finance

Jim Johnsen And Insider Talk Acquisitions

Insider asked out of home investment banker Jim Johnsen of Johnsen Fretty for an interview.  Like any savvy dealmaker, Johnsen turned the tables and asked to interview Insider.   Yesterday Johnsen and Insider talked about billboard lending.  Today Johnsen and Insider talk about Billboard Insider and Circle City Outdoor. Dave, besides being the publisher of Billboard Insider and an active lender, it turns out you are also an operator in the business.   How do you possibly find the time […]

by billboardinsider· · Comments are Disabled · Finance

Jim Johnsen and Insider talk billboard lending

Insider asked out of home investment banker Jim Johnsen of Johnsen Fretty for an interview on what it’s like to be an out of home industry investment banker.  Like any savvy dealmaker, Johnsen turned the tables and asked to interview Insider.  Part 1 of the interview discusses billboard lending and interest rates. Dave, you’ve done a terrific job building Billboard Insider into a great source of information.  I enjoy reading it first thing each morning.  I feel very honored to […]

by billboardinsider· · Comments are Disabled · Finance

Advice to Out of Home Newcomers

Insider is often approached by people who want 100% financing for their first billboard.  Here’s what he tells them. Build your first board with your own money.  Nothing like a cook eating their own cooking.  If you are super confident your project is going to be a success take out a second mortgage and go for it.  Don’t ask a lender to take all the risk for a 10%/year return.  Don’t ask an investor to put up all the money […]

by billboardinsider· · 1 comment · Finance

Drachman says out of home M&A steady.

Max Drachman is an out of home advertising investment banker with Kalil and Co.  Insider talked with Drachman about trends in the out of home transactions market. What’s new on the out of home advertising  M&A front?  Things have been steady.  We just closed a deal in Wisconsin selling Hartlind Outdoor to Link Media.  This deal was a strategic buy for Link, and expands their footprint into the western side of the state.  The seller retained a custom sign business […]

by billboardinsider· · Comments are Disabled · Finance

5 Years Stock Returns for US Outdoor Companies

Insider put together a chart showing the performance of the Lamar, Outfront Media and Clear Channel Outdoor versus NASDAQ (the index of approximately 3,000 common stock listed on the NASDAQ stock exchange) .  NASDAQ is a better benchmark for performance than the S&P 500 because Lamar, Clear Channel Outdoor and Outfront are not large enough to be in the S&P 500. Lamar has outperformed NASDAQ over the past five years.  Outfront and Clear Channel Outdoor have underperformed NASDAQ over the […]

by billboardinsider· · Comments are Disabled · Finance

JCDecaux Announces 2016 Revenue

JCDecaux released 2016 revenue figures.  Street Furniture growing 5%.  Transit growing 2% at pace with economy.  Billboards up 1% so underperforming economy.  US flat.  UK Booming.  Here are the charts.  

by billboardinsider· · Comments are Disabled · Finance

Donna Desmond on billboard values and condemnation

Donna Desmond is a business appraiser who had specialized in out of home advertising valuations since the early 1990s. She started Donna Desmond Associates, in Los Angeles in 1997.   She is a renowned expert in the economics and valuation of outdoor advertising assets.  Desmond has prepared hundreds of appraisals of billboard assets for use in transactions, breach of contract, eminent domain, shareholder disputes and landlord disputes. She has testified on billboard/digital sign issues in Federal District Court and Superior Courts in California, […]

by billboardinsider· · Comments are Disabled · Finance