How Lamar grows cashflow margins (Billboard Insider)
Sean Reilly, CEO, Lamar Advertising: The trick to margin expansion in the Billboard business is really really simple… grow the top line a little faster than you grow your expense line…and build some digital billboards because the incremental margin from digital is 75-80%… Then do a whole lot of tuck-in acquisitions because the incremental margin on a tuck in can run upwards of 65% all of that is accretive… We really focus on the real estate, so the largest cost is your lease cost. […]
Fri, Mar 8, 2024 at 3:14 PM