The three public US out of home companies outperformed the stock market during 2021. Clear Channel (up 98%) led the way followed by Lamar Advertising (up 45%) and OUTFRONT (up 37%). The S&P 500 increased 27%. Stock performance of Lamar (green), Clear Channel Outdoor (blue) and OUTFRONT (purple) versus the […]
Daktronics revenues have recovered from covid but supply chain issues are impacting the digital billboard maker’s profits. Here are the results from the Daktronics 2Q FY 22 earnings release and earnings call for the 3 months ended October 31, 2021. Revenue increased by 30% to $165 million due to eased […]
Greenville, OH – Dec 20, 2021, Huntington Billboards, an owner, and operator of outdoor advertising signs throughout the Midwest, announced today that it has acquired certain assets of Giesken Outdoor Advertising. Giesken Outdoor operates a billboard plant in Northwest Ohio, with both digital and static billboards. Tom Giesken started the […]
Clear Channel Outdoor stock rose 8% yesterday after the company announced it will consider selling their European business. Clear Channel Outdoor also increased fourth quarter 2021 revenue guidance. It raised fourth quarter revenue growth by 2%. Fourth quarter consolidated revenues are projected to grow 39-42% and return to pre-covid levels. […]
BATON ROUGE, La., Dec. 09, 2021 (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 $1.00 per share and a special cash dividend of $0.50 per […]
If you were to look at the Lamar Advertising 2020 Annual Report, the balance sheet lists a long term asset titled “Operating lease right of use assets” in the amount of $1.22 Billion. On the other side of the balance sheet there is a related liability, in the same amount, […]
This week Lindmark Outdoor Media purchased Quail Outdoor in New Mexico and Griffin Outdoor in Tulsa. We talked with Lindmark VP and general counsel Andy McDonald about the transactions. How does the Quail Outdoor acquisition makes sense for your existing New Mexico footprint? Lindmark had been in discussions with Quail […]
Grey Outdoor LLC announces the acquisition of the billboard assets owned by Lee Outdoor Advertising in Wilmington NC. The purchase consisted of three two-sided static billboard structures with land and easements for all three sites. The structures complement the coverage of Grey Outdoor LLC in Wilmington and the surrounding area. […]
Landmark Infrastructure Partners owns 951 out of home advertising sites. Here are the highlights from the Landmark’s third quarter 2021 earnings release and conference call. Landmark’s quarterly out of home revenues increased by 4% to $3.8 million during the third quarter of 2021. The company owned 951 out of home […]
Williamson & Associates is excited to announce the addition of Mike Morrill to our team as Senior Advisor, Brokerage Services. Continuing in our belief that having real experience in the OOH industry is key in our ability to uniquely relate to our clients, we have chosen to bring on someone […]
