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Lamar Advertising Company Announces First Quarter Ended March 31, 2025 Operating Results
GlobeNewswire News Room· 2025-05-08 10:00
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]
Gear Up for Outfront Media (OUT) Q1 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-05-07 14:21
Wall Street analysts expect Outfront Media (OUT) to post quarterly earnings of $0.15 per share in its upcoming report, which indicates a year-over-year increase of 7.1%. Revenues are expected to be $396.65 million, down 2.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of a company's earnings disclosure, it ...
JCDecaux : Q1 2025 – Business review
Globenewswire· 2025-05-06 17:26
Q1 2025 – Business review Paris, May 06th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, published today this report for the three months ended March 31st, 2025. FIRST QUARTER 2025: BUSINESS HIGHLIGHTS Key contracts wins Rest of the World In February, JCDecaux SE announced that JCDecaux ATA Saudi has been awarded a 10-year exclusive advertising concession for King Fahd International Airport in Dammam, as well as for the Al-Ahsa International Airport, and ...
Lamar Advertising to appear at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference
Globenewswire· 2025-05-05 20:15
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]
Lamar Advertising Acquires Premier Outdoor Media
Prnewswire· 2025-05-05 11:30
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]
Clear Channel Outdoor (CCO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-01 14:36
Core Insights - Clear Channel Outdoor (CCO) reported a revenue of $334.18 million for Q1 2025, reflecting a year-over-year decline of 30.6% and an EPS of -$0.11 compared to -$0.17 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $338.17 million, resulting in a surprise of -1.18%, while the EPS exceeded expectations by 15.38% against a consensus estimate of -$0.13 [1] Financial Performance - CCO's shares have returned -11.3% over the past month, contrasting with the Zacks S&P 500 composite's -0.7% change, indicating underperformance relative to the broader market [3] - The company holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3] Geographic Revenue Breakdown - Revenue from America was reported at $254.19 million, slightly above the average estimate of $256.44 million, showing a year-over-year increase of +1.8% [4] - Airport revenue reached $79.98 million, marginally exceeding the estimated $79.85 million, with a year-over-year growth of +4% [4] - Adjusted EBITDA for Airports was $14.31 million, below the average estimate of $15.45 million, while corporate expenses showed an adjusted EBITDA of -$22.74 million, slightly better than the estimated -$22.82 million [4]
JCDecaux wins the contract for city information panels and associated services in the City of Rennes
Globenewswire· 2025-04-14 15:40
Core Insights - JCDecaux has been awarded a 9-year contract by the City of Rennes for the provision, maintenance, and operation of city information panels and associated services [1][4] - The contract includes the refurbishment of 300 city information panels, 900 advertising panels, and 50 service information hubs, with the potential addition of 36 more panels [2] - The project aims to enhance urban quality of life, share key information, and promote local economic players [3] Company Overview - JCDecaux is the number one outdoor advertising company globally, with a revenue of €3,935.3 million in 2024 [5] - The company operates over 1,091,811 advertising panels worldwide and has a daily audience of 850 million people across more than 80 countries [5] - JCDecaux is recognized for its environmental performance and has joined various sustainability initiatives, including the RE100 and the Euronext Paris CAC® SBT 1.5° index [5] Environmental Commitment - The refurbishment will utilize state-of-the-art technology, including low-consumption LED lighting, achieving up to 50% energy savings [2] - JCDecaux plans to renew 80% of its vehicle fleet with low-emission electric vehicles, targeting a 20% reduction in CO2 emissions by 2030 [2] - The company will use rainwater for cleaning street furniture, reducing reliance on the public water network [2]
OUTFRONT Media To Report 2025 First Quarter Results on May 8, 2025
Prnewswire· 2025-04-11 18:00
Group 1 - OUTFRONT Media Inc. will report its fiscal quarter results for the period ended March 31, 2025, after market close on May 8, 2025 [1] - A conference call to discuss the results will be held on May 8, 2025, at 4:30 p.m. Eastern Time, with specific call numbers provided for U.S. and international callers [2] - OUTFRONT Media Inc. utilizes technology, location, and creativity to connect brands with consumers through a diverse range of advertising assets, including billboards and transit [3]
JCDecaux : Publication of the 2024 Universal Registration Document
Globenewswire· 2025-04-10 15:43
Group 1 - JCDecaux SE published its 2024 Universal Registration Document, filed with the French Financial Markets Authority in ESEF format [2][5] - The document includes the 2024 annual financial report, corporate governance report, share buyback program description, management report with sustainability information, and vigilance plan [5] - JCDecaux reported 2024 revenue of €3,935.3 million, maintaining its position as the number one outdoor advertising company worldwide [5] Group 2 - The company reaches a daily audience of 850 million people across more than 80 countries [5] - JCDecaux operates 1,091,811 advertising panels globally and is present in 3,894 cities with populations over 10,000 [5] - The company employs 12,026 individuals and is listed on the Eurolist of Euronext Paris, part of the SBF 120 and CAC Mid 60 indexes [5] Group 3 - JCDecaux is recognized for its extra-financial performance, achieving ratings such as CDP (A), MSCI (AAA), and Sustainalytics (13.1), along with a Gold Medal from EcoVadis [5] - The company is the first out-of-home media company to join the RE100 initiative [5] - JCDecaux leads in various segments, including street furniture with 629,737 advertising panels, transport advertising with 340,848 panels, and is the number one in outdoor advertising across multiple regions including Europe, Asia-Pacific, Latin America, Africa, and the Middle East [5]