Finance

Sean Reilly: Tailwinds are as strong as I’ve ever seen.

“Tailwinds are as strong as I’ve ever seen” was how Sean Reilly opened Lamar Advertising’s 4Q 21 earnings release and conference call.  Here are the highlights. Revenues increased by 15% to $495 million.  Reilly projects first quarter 2o22 revenue growth to be in the mid-teens and full year 2022 revenue […]

Clear Channel Outdoor Revenue Up 37% in 4Q 2021

The Scott Wells era at Clear Channel Outdoor got off to a good start.  Here are the highlights of the earnings release, earnings presentation and conference call. Revenue grew 37% to $743 million.  US revenues were up 44%.  European revenues were up 30%.  Other revenues up 44%.  Here’s a breakout […]

Lamar Advertising Raises Quarterly Dividend

BATON ROUGE, La., Feb. 24, 2022 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $1.10 per share payable on March 31, 2022 to stockholders of […]

Outfront Revenues up 38% in 4Q 2021

Outfront revenues increased 38% in the fourth quarter of 2021 and are expected to rise by 40% in the first quarter of 2022.  Here are the results from the company’s 4th quarter earnings release,  4th quarter 2021 earnings presentation and conference call. Revenue increased by 38% to $464 million during […]

Link Media Parent Boston Omaha Announces NYSE Ticker Symbol Change

OMAHA, Nebraska–(BUSINESS WIRE)–Boston Omaha Corporation (“Boston Omaha” or the “Company”) (NYSE: BOMN) announced today that it will be changing its ticker symbol from “BOMN” to “BOC”. Effective on Tuesday, February 22, 2022, the Company’s common shares will trade on the New York Stock Exchange (NYSE) under the new symbol “BOC”. […]

New Billboard Development is Hot

By Chris Stark and Craig Berry, Stark Capital Solutions  Being heavily involved in both the brokerage and lending markets, Stark Capital Solutions has a unique perspective to analyze and account for certain industry trends.  The booming M&A market has been well publicized over the past 6-12 months.  However, our 2021 […]

Who Has What US Out of Home Market Share

Last week Billboard Insider posted US billboard market share figures.   Here are market share figures for the entire US out of home industry (e.g. billboards, place based, transit/airport, street furniture) based on the first 9 months of 2021.  The independent out of home companies account for 38% of the market, […]

Who has the biggest billboard market share in the US?

Lamar accounted for 28% of US billboard revenues during the first 9 months of 2021, followed by OUTFRONT (20%), Clear Channel Outdoor Americas (17%) and Link Media Outdoor (1% billboard market share).  Here’s the surprise.  Independents are the biggest single block of US billboard revenues.  Independents make up 34% of […]

JD Decaux issues 500 million euro 8 year notes.

JCDecaux issued 500 million euro ($571 million US) 8 year notes at a coupon rate of 1.625%.  The funds will be used to refi existing debt and for general corporate purposes.  The offer was oversubscribed by 3 times.   The refi comes follows last week’s announcement that the JCDecaux revenue grew […]