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 […]
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 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 […]
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”. […]
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 […]
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, […]
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 […]
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 […]
Insider received some terrific feedback from readers after our article on the potential for increasing rates and tightening lending criteria – which may be causing uncertainty among OOH operators. Stephen P. Haggard, President and CEO of Metro Phoenix Bank is chiming in to explain how an operator can best preposition […]
JCDecaux announced full year 2021 revenues last week. Good and bad. The good: 18.5% revenue growth worldwide. The bad: 4.8% revenue grown in the US. That’s the weakest recovery of any of the public North American out of home companies. The table below shows that JCDecaux North America grew less […]
