Lamar AdvertisingNASDAQ: LAMR

LAMR's third-quarter 2024 results reflect continued strength in local and programmatic sales, though elevated expenses acted as a dampener.

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of $2.21 per share. This compares to FFO of $2.04 per share a year ago.

Three Month Results •  Net revenues was $564.1 million •  Net income was $147.8 million •  Adjusted EBITDA was $271.2 million Nine Month Results •  Net revenues was $1.63 billion •  Net income was $363.9 million •  Adjusted EBITDA was $754.6 million BATON ROUGE, La., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company's operating results for the third quarter ended September 30, 2024.

Lamar Advertising Company (NASDAQ:LAMR ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Sean Reilly - CEO & President Jay Johnson - EVP, CFO & Treasurer Conference Call Participants Cameron McVeigh - Morgan Stanley Jason Bazinet - Citi Daniel Osley - Wells Fargo Lance Vitanza - TD Cowen Operator Excuse me everyone. We now have Sean Reilly and Jay Johnson in conference.

BATON ROUGE, La., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its third quarter ended September 30, 2024 earnings report before the market opens on Friday, November 8, 2024. Lamar will host a conference call on Friday, November 8, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.

Lamar Advertising's diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts are key growth drivers.

In the last five years, LAMR has raised its dividend eight times. Its five-year annualized dividend growth rate is 16.50%.

BATON ROUGE, La., Aug. 27, 2024 (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 $1.40 per share payable on September 30, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on September 18, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on September 30, 2024, will be at least $5.40 per common share.

Healthy operating performance, strength in local sales and strategic acquisitions have hiked Lamar Advertising's (LAMR) shares by 12.6% year to date.