Daktronics announced at the end of last week, they had closed on a 3 year $75 million senior secured credit facility with JP Morgan Chase. This is great news for the Company as it will replace and enhance a $35 million credit facility they had with U.S. Bank. In their […]
Boston Omaha released first quarter 2023 financials last week. Here are the segment results for the company’s Link Media Outdoor subsidiary. Revenues increased 13% to $10.3 million in the first quarter of 2023 due to organic revenue growth and the purchase of billboards from Elevation Outdoor in November 2023. Sales […]
Clear Channel Outdoor Revenue grew but cashflow (adjusted EBIDTA) declined during the first quarter of 2023. Here are the results of the Clear Channel Outdoor 1Q 23 earnings release, investor deck and conference call. Consolidated revenue excluding FX grew 7% to $545 million as growth in the company’s European operations […]
You may pay more and see tougher covenants the next time you renew your out of home bank loan. The April 2023 Federal Reserve Bank Senior Loan Officer Opinion Survey found that 50% of banks are tightening their commercial and industrial loan standards and that 60% of banks are raising […]
Lamar Advertising CEO Sean Reilly used words like “challenging” and “jitters” to describe what advertisers are thinking during yesterday’s Lamar conference call. Here are the results of the Lamar Advertising 1Q 23 earnings release and conference call. Revenue increased by 4.4% to $451 million due primarily to acquisitions. Organic revenue […]
Boston Omaha issued its 2022 annual investor letter. Hard to believe that the company just finished its eighth year. Some of our observations. Boston Omaha has outperformed the big three. Boston Omaha stock has grown 56% since it went public in June 2017. During the same time period Lamar grew […]
Here are the results of the OUTFRONT Media first quarter 2023 earnings release, earnings presentation and conference call. Revenue increased by 6% to $396 million. Billboard revenue increased by 8%. Transit revenue declined by 1%. Local revenue grew 10%. National revenue grew 1%. The company finished the quarter with a […]
Seeking Alpha has published a report by Brad Thomas titled Who’s Betting on Billboards. Thomas is a good analyst but he gets this wrong. “…because billboard REITS are essentially in the advertising business, there are erratic capexp requirements” Out of capital spending is not erratic. It is predictable and can […]
A recurring complaint in out of home is how long agencies and big national accounts take to pay. 90-160 days seems to be the norm. MediaMark Factoring has developed a receivables purchase product allowing you to be paid 3 days after you post, thereby eliminating slow paying receivables all together. […]
By Tony Hull, President, YESCO Financials Solutions There were no bank failures in the United States in 2021 or 2022. The last time we went two years with no failures was 2005 and 2006. For those connected to the banking industry, it was pretty alarming to see the 2nd and […]
