“This is a great time for out of home and a great time for OUTFRONT” was h0w OUTFRONT CEO Jeremy Male summarized 3rd quarter 2021 performance. Here are the highlights from Outfront’s 3rd quarter earning release, earnings presentation and conference call. OUTFRONT revenue grew 41% to $399 million. Billboard revenues […]
Revenues increased at JCDecaux despite mobility restrictions in asia and limits on international flights. Here are the results of the company’s 3Q 2021 revenue release. We’ve translated euros into dollars. Revenue increased 31% tp $888 million. Street furniture grew 31%. Transit grew 34%. Billboards grew 21%. The company expects organic […]
“Our recovery is now complete,” was how a bullish Sean Reilly lead off Lamar’s third quarter 2021 conference call. Here are the highlights from Lamar’s 3Q 21 earnings release and conference call. Revenues increased 24% to $476 million. Local revenue grew 18%. National and programmatic revenue grew 40%. Adjusted EBITDA […]
OUTFRONT announced yesterday that it will pay a $0.10 quarterly dividend on December 3, 2021. Billboard Insider expects Lamar to announce a December dividend of at least $1.00 per share. Here’s a dividend history for Lamar and OUTFRONT for the past three years. Are out of home stocks a good […]
Employee fraud can happen to anyone. Earlier this week a Watchfire Signs employee was convicted of defrauding Watchfire Signs out of $330,000 in 2019. In 2017 Clear Channel Outdoor took a $10 million charge for accounting fraud in the company’s Chinese subsidiary. Here are some ways employees can steal from […]
Startup Verde Outdoor Capital, LLC is seeking to make loans of $1-$50 million to out of home owners and operators. Billboard Insider talked with Verde Outdoor Capital President Rickard Strom. On forming Verde Outdoor Capital I’ve been a commercial lender for 20 years. I have always liked helping small to […]
OUTFRONT CFO Matt Siegel says the company is looking at tuck-in acquisitions. Here is a selection of Siegel’s comments at yesterday’s Deutsche Bank 29th Annual Leveraged Financing Conference The Boston and New York transit markets are recovering Boston is similar to New York in that there is a return to […]
Max Drachman of Drachman M&A Co. sent us a summary of his comments at the Out of Home mergers and acquisitions panel which Billboard Insider moderated at last week’s IBOUSA show. There’s been an uptick in multiples in the last six months. Market share is becoming more valuable. Digital billboards […]
Canadian’s love out of home. Yesterday British Columbia Investment Management Corp partnered with Searchlight Capital to invest in Adams Outdoor. Earlier this month the Canadian Equity Fund Fulcrum Capital Partners invested in street furniture company Creative Outdoor Advertising. Fulcrum Capital Partners Principal James Morrison tells Billboard Insider: “We were impressed […]
This came out over the weekend from a Bloomberg News report. Searchlight Capital Partners and British Columbia Investment Management Corp. have agreed to invest in Adams Outdoor Advertising. Terms of the deal weren’t disclosed in a statement provided to Bloomberg News. Adams Outdoor will be valued at more than $1 […]
