earnings
confidence high
sentiment positive
materiality 0.80
OUTFRONT Q2 revenue $522.5M, net income $77.5M; dividend raised 10% to $0.33
OUTFRONT Media Inc.
- Q2 revenue $522.5M (+13.5% YoY); operating income $116.1M (up from $56.2M); net income $77.5M vs $19.5M.
- Adjusted OIBDA $160.3M (+29% YoY); AFFO $120.8M (+45% YoY); EPS $0.44 vs $0.10.
- CEO cites strong organic gains and FIFA World Cup boost; results 'far exceeded expectations.'
- Quarterly dividend increased 10% to $0.33/share, payable Sept 30 to holders of record Sept 4.