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Lamar Advertising's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Lamar Advertising Company (LAMR)

Q4 2011 Earnings Call

February 22, 2012 10:00 a.m. ET

Executives

Kevin Reilly - President and Chairman of the Board

Sean Reilly - Chief Executive Officer

Keith Istre -Treasurer and Chief Financial Officer

Analysts

Marci Ryvicker - Wells Fargo Securities

James Marsh - Piper Jaffray

Benjamin Swinburne - Morgan Stanley

James Dix - Wedbush Securities

Jaime Morris - UBS

Bishop Sheen - Wells Fargo

Presentation

Operator

Excuse me, everyone. We now have Mr. Kevin Reilly, Mr. Sean Reilly, and Mr. Keith Istre in conference. Please be aware that each of your lines is in a listen-only mode. At the conclusion of the company’s presentation, we will open the floor for your questions.

In the course of this discussion Lamar may make forward-looking statements regarding the company, including statements about its future financial performance, strategic goals and plans. Lamar has identified important factors that could cause actual results to differ materially from those discussed in this call and the company’s reports on Forms 10-K and 10-Q, and the registration statements that Lamar files with the SEC from time to time. Lamar refers you to those documents.

Lamar’s fourth quarter and year-end 2011 earnings release which contains the information required by Regulation G, was furnished to the SEC on a Form 8-K this morning and is available on Lamar’s website, www.lamar.com. I would now like to turn the conference over to Mr. Kevin Reilly. Mr. Reilly, please begin sir.

Kevin Reilly

Thank you, David. I want to welcome all of our friends and guests to our quarterly call. As is our customer, Keith will walk through the numbers and then Sean will try to give you some color. As we -- I think about the next couple of years, we are going to continue to push our maturities out and use our free cash flow to reduce debt and expand our digital platform.

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