“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 […]
Baton Rouge, LA – October 25, 2021 – Lamar Advertising, one of the largest outdoor advertising companies in the world, is commemorating a major milestone in Out of Home advertising – the 20th anniversary of the industry’s first large format digital billboard. The brainchild of former Lamar Vice […]
Boston Omaha, the parent company of Link Media, announced yesterday in an 8-K filing with the SEC that they had entered into an at-the-market equity offering program, pursuant to a Sales Agreement with Wells Fargo Securities, LLC to raise up to $100 Million in a new equity offering. Boston Omaha […]
BROOKINGS, SD – Sept. 15, 2021 – As daily life slowly returns to normal and traffic picks up in downtown Chicago, Lamar Advertising Company (NASDAQ-LAMR) recently upgraded 18 digital displays with LED digital displays from Daktronics (NASDAQ-DAKT) of Brookings, South Dakota. The 10-foot-high by 10-foot-wide high-resolution 10-millimeter pixel pitch digital […]
Billboard Insider confirmed over the weekend that Lamar Advertising has purchased all the assets of Stott Outdoor based in Chico California. Insider understands the transaction closed on Wednesday of last week. This was absolutely a great acquisition for Lamar. It now gives Lamar a true Northern California presence, including inventory […]
Two of the big three Out of Home companies are Real Estate Investment Trusts (REITS). SignValue provides a terrific snapshot for both Lamar and Outdront below. SignValue offers billboard valuation and advisory services nationwide. You can contact SignValue at 480-657-8400 or info@signvalue.com. [wpforms id=”9787″] Paid Advertisement
Always nice to understand what the wider marketplace thinks about the Out of Home sector. Below is a segment of a report from Hoya Capital Real Estate, a research-focused Registered Investment Advisor that advises ETFs and individual accounts by managing portfolios of publicly-traded commercial and residential real estate companies. They […]
Lamar’s revenue grew 28% during the second quarter of 2021. Here are the results from the Lamar’s 2Q 21 earnings release together with a selection of Sean Reilly’s comments during the conference call. Revenues grew 28% to $445 million. Lamar CEO Sean Reilly expects Lamar’s total 2021 billboard revenue to […]
Three things about Lamar Advertising that Billboard Insider learned from reviewing the July 15, 2021 Lamar Advertising S4 in connection with the pending issue of $550 of 3.625% notes. Local, local, local. Lamar is more dependent on local advertising than Clear Channel or OUTFRONT. The S4 says this: “Local advertising […]
Baton Rouge, LA – August 2, 2021 – Lamar Advertising Company (Nasdaq: LAMR), a leading owner of outdoor advertising and logo sign displays, today announced that Sukhvinder Singh has joined the company as Senior Vice President of Technology and Innovation. Mr. Singh, 50, had served as Senior Vice President, Information Technology, at Host Hotels […]
