Lamar revenues declined 22% during the second quarter 2020. Revenues have improved but the company projects revenues will be down 13-14% for the full year 2020. Here are the results from Lamar’s 2Q 2020 earnings release. Revenues declined 22% to $347 during the second quarter of 2020. CEO Sean Reilly […]
Baton Rouge, LA – May 28, 2020 – 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 dividend of $0.50 per share payable on June 30, 2020, to stockholders of record of […]
Sean Reilly predicted 2020 will be the Great American Road Trip Summer in a May 12 interview at the JP Morgan Global Technology Media and Communications Conference: This summer it’s clear to me for a variety of reasons that we’re going to see a record for miles driven…People are not […]
At last week’s JP Morgan Global Tech, Media and Communications Conference Lamar CEO Sean Reilly was bullish in the following categories: Services is primarily lawyers and other professional service. It’s actually expanding slightly into home services…Things like cleaning services, pest control, office cleaning services. They’re coming out to brand themselves. […]
Here’s a selection of Lamar CEO Sean Reilly’s comments at this week’s JP Morgan Global Technology, Media and Communications conference. On how the COVID slowdown hit Lamar and what Lamar did. It was state by state. As soon as a state would shut down there would be a phone call […]
On last week’s earnings call Sean Reilly reviewed Lamar’s top verticals: Our top three verticals are service, hospitals and restaurants. 1,2 and 3 are looking strong…Service is primarily attorneys. We’re getting a lot of inbound from attorneys…There are other services – things like pest control, home and office cleaning…and we’re […]
Earnings calls are all too often can’t-say-don’t-know-won’t-tell. Not so with Lamar. CEO Sean Reilly was direct, factual and upbeat on yesterday’s call. Read his comments and you’ll understand why Lamar stock went up 18% yesterday. Sean Reilly on the now versus 2008-2009 I was the chief operating officer of the […]
“We were off to a strong start to 2020. Then over course the coronavirus pandemic adversely affected us and our customers in late March and through April. We have used that time to prepare the company for the downturn and ensure we emerge even stronger on the other side.” That’s […]
May 7, 2020 (Washington, DC) – The Out of Home Advertising Association of America (OAAA) announced today it has appointed four advertising industry innovators to its Board of Directors. Each new member of OAAA’s Board of Directors is a pioneer in the out of home (OOH) industry, all contributing to […]
Sean Reilly tells investor conferences that he’s managed through three recessions at Lamar. It’s instructive to look at what Lamar did during the last recession for tips on how to weather the covid-19 recession. From 2007-2009, Lamar’s revenue declined by 12% and cashflow declined by 18%, but the corporate cashflow […]
