lamar advertising co-a (LAMR) Snapshot

Lamar Advertising Co. reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported profit net revenues of $283.5 million versus $266.2 million for the first quarter of 2012, a 6.5% increase. Operating income remained relatively constant over the same period in 2012 at $25.9 million compared to $25.8 million in last year. The company recognized a net loss applicable to common stock of $6.1 million or $0.07 per basic and diluted loss per share as compared to $22.8 million or $0.25 per basic and diluted loss per share for the first quarter of 2012. Adjusted EBITDA, was $110.0 million versus $99.8 million for the first quarter of 2012, a 10.2% increase. Free cash flow was $49.9 million as compared to $44.2 million for the same period in 2012, an increase of 13.0%. Pro forma net revenue increased 2.4% and pro forma adjusted EBITDA increased 5.2% to $109.9 million from $104.5 million in first quarter of 2012. Loss before income tax was $10.7 million compared to $44.0 million, cash flows provided by operating activities of $51.7 million compared to $36.7 million for the last year. For the second quarter of 2013 the company expects net revenue to be approximately $322 million to $325 million. On a pro forma basis this represents an increase of approximately 2% to 3%.

Lamar Advertising Co., Annual General Meeting, May 23, 2013., at 09:00 Central Standard Time. Location: The offices of Lamar Advertising Company. Agenda: To elect seven directors, each for a one-year term; to approve an amendment and restatement of the Company's 1996 Equity Incentive Plan to increase the number of shares of Class A Common Stock of the Company available for issuance under the plan by 2,500,000 shares from 13,000,000 to 15,500,000 shares; to reaffirm the material terms of the performance-based goals specified in the 1996 Equity Incentive Plan for purposes of Section 162(m) of the Internal Revenue Code; to ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the 2013 fiscal year; to transact any other business as may properly come before the meeting.

Lamar Advertising Co., Q1 2013 Earnings Call, May 08, 2013