Lamar

Lamar Advertising Company Announces Third Quarter Ended September 30, 2023 Operating Results

Retrieved on: 
Thursday, November 2, 2023

BATON ROUGE, La., Nov. 02, 2023 (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, 2023.

Key Points: 
  • Net income per diluted share was $1.37 and $1.44 for the three months ended September 30, 2023 and 2022, respectively.
  • Adjusted EBITDA for the third quarter of 2023 was $265.7 million versus $251.2 million for the third quarter of 2022, an increase of 5.8%.
  • Cash flow provided by operating activities was $222.5 million for the three months ended September 30, 2023 versus $224.5 million for the third quarter of 2022, a decrease of $1.9 million.
  • Lamar reported net revenues of $1.56 billion for the nine months ended September 30, 2023 versus $1.50 billion for the nine months ended September 30, 2022, a 3.9% increase.

Xledger Inc. Appoints Mr. Allan Lamar as New CEO, Paving the Way for Exciting Growth in the US

Retrieved on: 
Wednesday, October 18, 2023

Following an extensive and rigorous search process, Mr. Lamar will succeed Mr. Nathan McCann, who decided to step down to focus on his sons' businesses.

Key Points: 
  • Following an extensive and rigorous search process, Mr. Lamar will succeed Mr. Nathan McCann, who decided to step down to focus on his sons' businesses.
  • His appointment marks a significant milestone for Xledger US, as the company aims to match the boundless success of its European colleagues.
  • Xledger selected Mr. Lamar for his extensive experience and his assertive and strategic leadership style, which has consistently driven revenue and profitability growth.
  • Mr. Lamar, the newly appointed CEO, is enthusiastic about taking on this role, stating, "I am delighted to join the Xledger organization.

Lamar Advertising Company to Release Third Quarter Ended September 30, 2023 Operating Results

Retrieved on: 
Tuesday, October 3, 2023

BATON ROUGE, La., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its third quarter ended September 30, 2023 earnings report before the market opens on Thursday, November 2, 2023.

Key Points: 
  • BATON ROUGE, La., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its third quarter ended September 30, 2023 earnings report before the market opens on Thursday, November 2, 2023.
  • Lamar will host a conference call on Thursday, November 2, 2023 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:

Mighty Auto Parts Welcomes Two Key Directors to Strengthen Leadership Team

Retrieved on: 
Tuesday, September 26, 2023

PEACHTREE CORNERS, Ga., Sept. 26, 2023 /PRNewswire-PRWeb/ -- Mighty Auto Parts, a leading provider of automotive aftermarket solutions, is pleased to announce the addition of two experienced professionals to its leadership team. The company has appointed these accomplished individuals to Director-level positions, further strengthening its commitment to growth and exceptional service in the automotive aftermarket industry.

Key Points: 
  • Mighty Auto Parts, a leading provider of automotive aftermarket solutions, is pleased to announce the addition of two experienced professionals to its leadership team.
  • PEACHTREE CORNERS, Ga., Sept. 26, 2023 /PRNewswire-PRWeb/ -- Mighty Auto Parts, a leading provider of automotive aftermarket solutions, is pleased to announce the addition of two experienced professionals to its leadership team.
  • New Director of Franchise Development: Lamar Russo
    Lamar Russo, a seasoned expert in the franchise industry, has been appointed as the Director of Franchise Development at Mighty Auto Parts.
  • For more information about Mighty Auto Parts and its innovative solutions for the automotive aftermarket industry, please visit mightyautoparts.com.

Momentum Biotechnologies Welcomes Former Merck Bioanalytical VP Dr. Kevin Bateman to its Scientific Advisory Board

Retrieved on: 
Wednesday, September 13, 2023

He was Scientific Associate Vice President at Merck Research Laboratories before retiring earlier this year.

Key Points: 
  • He was Scientific Associate Vice President at Merck Research Laboratories before retiring earlier this year.
  • I look forward to working with the team at Momentum to further improve their mass spectrometry screening services.
  • "We are thrilled to have Kevin on our Scientific Advisory Board," said Dr. Can Ozbal, CEO of Momentum.
  • "It's a real pleasure to join the Scientific Advisory Board of Momentum," said Dr. Bateman.

AIT Worldwide Logistics Welcomes Chelsea Lamar as Global Sustainability Vice President

Retrieved on: 
Tuesday, September 5, 2023

AIT Worldwide Logistics, a leader in global supply chain solutions, has hired Chelsea Lamar as vice president, global sustainability.

Key Points: 
  • AIT Worldwide Logistics, a leader in global supply chain solutions, has hired Chelsea Lamar as vice president, global sustainability.
  • View the full release here: https://www.businesswire.com/news/home/20230905210467/en/
    AIT's newly hired Vice President, Global Sustainability, Chelsea Lamar (Photo: Business Wire)
    Lamar is based at AIT’s new global headquarters in Itasca, Illinois, and reports to Executive Vice President and Chief Information Officer, Ray Fennelly, who said her appointment underscores AIT’s dedication to the evolution of its environmental, social and governance strategies.
  • “Chelsea has an incredible track record of bettering our environment by building high-quality sustainability programs,” Fennelly added.
  • “I’m thrilled to join AIT, a company that shares my passion for sustainability,” Lamar said.

Through space and rhyme: How hip-hop uses Afrofuturism to take listeners on journeys of empowerment

Retrieved on: 
Wednesday, August 9, 2023

Ever since August 1973, hip-hop artists have turned to Afrofuturism – a mix of science fiction, politics and liberating fantasy – to inform their lyrics and their look.

Key Points: 
  • Ever since August 1973, hip-hop artists have turned to Afrofuturism – a mix of science fiction, politics and liberating fantasy – to inform their lyrics and their look.
  • They do so by taking listeners on journeys in and beyond the here and now, from an often imagined past to an imaginative future.

Black diaspora ancestors

    • Academics have since further explored the meaning of Afrofuturism.
    • In her 2013 book “Afrofuturism: The World of Black Sci-Fi and Fantasy Culture,” independent scholar Ytasha Womack describes the cultural phenomenon as “an intersection of imagination, technology, the future, and liberation.” Although the term appeared in the 1990s, Afrofuturism has been applied retroactively to describe Black writers, artists and musicians.
    • In the United States, Afrofuturism was shepherded by generations of Black visionaries from the time of institutional slavery to the Civil Rights era.
    • From the 1970s to 2000s, she combined African mythology with social activism to conjure images of alternate Black worlds.

Aliens and alienation

    • Hip-hop artists influenced by Afrofuturism have long been aware that American society made many Black, Indigenous and other people of color feel different – less than human, or even like aliens – and expressed this through their art.
    • And like socially conscious hip-hop, Afrofuturism has always had a political element.
    • Take, for example, Public Enemy’s “Fear of a Black Planet,” Afrika Bambaataa & Soulsonic Force’s “Planet Rock” or Ras G’s “Brotha From Anotha Planet.” Similar to experimentalist jazz bandleader Sun Ra, who claims aliens selected him to preach cosmic enlightenment on Earth, the Atlanta-based duo Outkast – whose very name suggests alienation – refer to themselves as “ATliens”.

Higher levels of consciousness

    • Afrofuturism aims to elevate human consciousness.
    • Like Sun Ra’s jazz fusion ensemble “Akestra,” which deliberately designed music to help people see themselves and the world differently, Afrofuturism seeks to decolonize human minds.
    • Kendrick Lamar, winner of the best rap album at the 2023 Grammys, recorded five of 14 songs on the Afrofuturist “Black Panther” movie soundtrack.

Take nothing for granted

    • In “Africa As an Alien Future,” academic Ruth Mayer observes how Afrofuturism’s collapsing of past, present and future results in “strange sights – alien, aquatic, artificial – which force us not only to reconsider the past, but most of all the present we like to take for granted.” Tupac Shakur and Dr. Dre’s dystopic video for “California Love,” for example, which was set in California in 2095 and includes a cameo appearance by George Clinton himself, evokes vivid images of turf war battles in a post-apocalyptic, climate change-ridden, desert wasteland with sparse water.
    • Afrofuturists challenge societal assumptions about Black Americans’ role in their country’s history, both then and in the future.

Lamar Advertising Company Announces Second Quarter Ended June 30, 2023 Operating Results

Retrieved on: 
Thursday, August 3, 2023

BATON ROUGE, La., Aug. 03, 2023 (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 second quarter ended June 30, 2023.

Key Points: 
  • Adjusted EBITDA for the second quarter of 2023 was $253.9 million versus $243.4 million for the second quarter of 2022, an increase of 4.3%.
  • Cash flow provided by operating activities was $198.2 million for the three months ended June 30, 2023 versus $210.6 million for the second quarter of 2022, a decrease of $12.4 million.
  • Acquisition-adjusted net revenue for the second quarter of 2023 increased 2.7% over acquisition-adjusted net revenue for the second quarter of 2022.
  • Acquisition-adjusted EBITDA for the second quarter of 2023 increased 2.9% as compared to acquisition-adjusted EBITDA for the second quarter of 2022.

Lamar Advertising Company to Release Second Quarter Ended June 30, 2023 Operating Results

Retrieved on: 
Monday, July 10, 2023

BATON ROUGE, La., July 10, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its second quarter ended June 30, 2023 earnings report before the market opens on Thursday, August 3, 2023.

Key Points: 
  • BATON ROUGE, La., July 10, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its second quarter ended June 30, 2023 earnings report before the market opens on Thursday, August 3, 2023.
  • Lamar will host a conference call on Thursday, August 3, 2023 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:

Lamar Advertising Company Announces First Quarter Ended March 31, 2023 Operating Results

Retrieved on: 
Thursday, May 4, 2023

BATON ROUGE, La., May 04, 2023 (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 first quarter ended March 31, 2023.

Key Points: 
  • Operating income for the first quarter of 2023 decreased $1.7 million to $118.8 million as compared to $120.5 million for the same period in 2022.
  • Adjusted EBITDA for the first quarter of 2023 was $198.0 million versus $191.2 million for the first quarter of 2022, an increase of 3.5%.
  • Acquisition-adjusted net revenue for the first quarter of 2023 increased 1.5% over acquisition-adjusted net revenue for the first quarter of 2022.
  • Acquisition-adjusted EBITDA for the first quarter of 2023 increased 0.8% as compared to acquisition-adjusted EBITDA for the first quarter of 2022.