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Country
US
Industry
Real Estate
Market Cap
Mid Cap
Num. Employees
3500
IPO Date
Aug 2, 1996
Country
US
Industry
Real Estate
Lamar Advertising Co. engages in advertising services. The company is headquartered in Baton Rouge, Louisiana and currently employs 3,500 full-time employees. The firm rents space for advertising on billboards, buses, shelters, benches, logo plates and in airport terminals. The firm operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. The firm owns and operates approximately 160,200 billboard advertising displays in 45 states and Canada. The company rents its advertising space on two types of billboards: bulletins and posters. In addition to traditional billboards, it also rents space for digital billboards, which are generally located on traffic arteries and city streets. The company owns and operates approximately 4,500 digital billboard advertising displays in 43 states and Canada. The company also provides logo signs in the United States, operating approximately 23 of the 26 privatized state logo sign contracts. The company also operates approximately 139,000 logo sign advertising displays in 23 states and the province of Ontario, Canada.
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50%
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16.67%
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Others
16.67%
Also, acquisition-adjusted EBITDA rose 1.8%.Direct advertising expenses increased 4.2% year over year to $182.7 million during the reported quarter.The company’s free cash flow of $198.1 million for the third quarter jumped 9.4% year over year.Cash flow provided by operating activities was $227.4 million for the three months ended Sept. 30, 2024, up from $222.5 million for the third quarter of 2023.
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Today
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