5321 Corporate Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces First Quarter Ended March 31, 2025 Operating Results Three Month Results Baton Rouge, LA – May 8, 2025 - 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 first quarter ended March 31, 2025. "We delivered our 16th consecutive quarter of acquisition-adjusted revenue growth, aided by i ...

Core Insights - Lamar Advertising Company reported net revenues of $505.4 million for Q1 2025, reflecting a 1.5% increase from $498.2 million in Q1 2024 [2][20] - Net income surged by 77.4% to $139.2 million, primarily due to a $67.7 million gain from the sale of equity interest in Vistar Media [2][19] - Adjusted EBITDA slightly decreased by 0.8% to $210.2 million compared to $211.9 million in the same quarter last year [3][30] Financial Performance - The company achieved an operating income of $191.2 million, up from $124.6 million in Q1 2024, marking a significant increase of $66.6 million [2][20] - Funds from operations (FFO) rose by 5.1% to $156.1 million, while adjusted funds from operations (AFFO) increased by 3.8% to $164.3 million [5][30] - Free cash flow for Q1 2025 was reported at $121.1 million, down 12.7% from $138.7 million in Q1 2024, attributed to a current tax expense related to the Vistar sale [4][30] Acquisition-Adjusted Results - Acquisition-adjusted net revenue for Q1 2025 increased by 1.1% compared to the same period in 2024 [6] - Acquisition-adjusted EBITDA decreased by 1.0% year-over-year [6] Liquidity and Capital Management - As of March 31, 2025, Lamar had total liquidity of $491.3 million, including $455.2 million available for borrowing [7] - The company repurchased 164,529 shares for $18.4 million in Q1 2025 and an additional 1,223,562 shares for $131.6 million in April 2025, totaling $150.0 million under its stock repurchase program [9] Operational Highlights - The company continues to experience acquisition-adjusted revenue growth for the 16th consecutive quarter, driven by local and programmatic advertising [2] - The total number of displays operated by Lamar exceeds 363,000 across North America, with a significant digital billboard network [18]

Core Viewpoint - Lamar Advertising Company has acquired Premier Outdoor Media's assets, enhancing its presence in the Northeast Corridor and expanding its digital out-of-home (OOH) advertising capabilities [1][3][4]. Company Overview - Lamar Advertising Company is a leader in the OOH advertising industry, operating over 360,000 displays across North America, including approximately 5,000 digital billboards, making it the largest digital OOH network in the United States [4]. - Premier Outdoor Media, founded in 2018, became the largest independent digital OOH network in the Philadelphia Designated Market Area, growing its digital display count by over 500% under the leadership of Dominick Vastino and Sean Corbett [2][4]. Strategic Acquisition - The acquisition adds nearly 200 billboard faces, including 45 digital units, in key markets such as New Jersey, Delaware, Maryland, Pennsylvania, and New York, reinforcing Lamar's competitive edge in densely populated areas [1][3]. - Sean Reilly, CEO of Lamar, emphasized that this acquisition aligns with the company's strategy of adding high-quality, REIT-qualified assets to its portfolio [3]. Market Position and Growth Strategy - The transaction reflects Lamar's focus on scaling its digital OOH capabilities and acquiring regionally dominant networks that align with its REIT structure [4]. - As digital OOH continues to grow faster than traditional media, Lamar's expanded presence in the Northeast positions it to capture increasing advertiser demand [5]. Financial Outlook - Lamar is scheduled to report its first-quarter 2025 results on May 8, 2025, with the Zacks Consensus Estimate for funds from operations (FFO) per share at $1.54 on revenues of $508.9 million [5].

Company Overview - Lamar Advertising Company, founded in 1902, is one of the largest outdoor advertising companies in North America with over 360,000 displays across the United States and Canada [2] - The company offers a variety of advertising formats including billboard, interstate logo, transit, and airport advertising, catering to both local businesses and national brands [2] - Lamar operates the largest network of digital billboards in the United States, with approximately 5,000 displays [2] Upcoming Event - Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a question-and-answer session at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13, 2025, at approximately 4:30 pm EST [1] - The session will be available via live audio webcast on the company's website and will be archived for 30 days [1]

Core Insights - Premier Outdoor Media has divested its out-of-home advertising assets to Lamar Advertising Company, although financial terms were not disclosed [1] - Premier, founded in 2018, significantly increased its digital display count by over 500%, establishing itself as the largest independent digital OOH network in the Philadelphia DMA [2] - The acquisition adds nearly 200 billboard faces, including 45 digital units, to Lamar's portfolio across key markets in New Jersey, Delaware, Maryland, Pennsylvania, and New York [3] Company Overview - Premier Outdoor Media was established through Caruth Capital Partners' acquisition of Jersey Premier Outdoor Media, LLC, with leadership from Dominick Vastino and Sean Corbett [2] - Lamar Advertising Company, founded in 1902, is one of the largest outdoor advertising companies in North America, operating over 360,000 displays across the U.S. and Canada [5] Strategic Implications - The acquisition enhances Lamar's position in the greater Philadelphia and New York markets and aligns with its strategy of adding high-quality, REIT-qualified assets [3] - Premier's leadership expressed confidence in Lamar's ability to continue delivering exceptional service to clients following the acquisition [3]

BATON ROUGE, La., April 14, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its first quarter ended March 31, 2025 earnings report before the market opens on Thursday, May 8, 2025. Lamar will host a conference call on Thursday, May 8, 2025 at 8:00 a.m. (Central time) to discuss the Company’s results and answer questions relating to company operations. Instructions for dialing into Lamar’s conference call are provided below: All Callers:1-800-420-1271 or 1-785-424-1634 Passcod ...

Lamar Advertising (LAMR) shares rallied 11.1% in the last trading session to close at $113.68. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.3% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This outdoor and transit advertising company is expected ...

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Shares of the Lamar Advertising Company (NASDAQ: LAMR ) have been a moderate performer over the past year, rising 13%. Shares have trended lower since October as elevated interest rates have weighed on real estate shares. Additionally, disappointing results andOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an ar ...

Lamar Advertising Company (LAMR) reported fourth-quarter 2024 adjusted funds from operations (AFFO) per share of $2.21, which met the Zacks Consensus Estimate. The figure also compared favorably with the prior-year quarter's tally of $2.10.See the Zacks Earnings Calendar to stay ahead of market-making news.Results reflect year-over-year growth in the top line. However, higher direct advertising and general and administrative expenses during the quarter acted as a dampener. Shares of the company were 7.3% do ...