Tim, with OSI's positive report, where do you see it going today...
profit taking or explosion?
For anyone who hasn't seen yesterday's post/story...
Outdoor Systems Inc. Reports Record 1998 Third Quarter Operating Results
PHOENIX--(BUSINESS WIRE)--Oct. 20, 1998-- Third Quarter 1998
NET REVENUES UP 46.9 percent
EBITDA UP 59.4 percent
Outdoor Systems Inc. (NYSE:OSI - news) Tuesday reported record net
revenues of $193.9 million for the third quarter of 1998 vs.
$132.0 million for the third quarter of 1997.
EBITDA for the third quarter of 1998 was $96.6 million vs.
$60.6 million for the third quarter of 1997. Net income was
$13.4 million for the third quarter of 1998 vs. $7.7 million for the
third quarter of 1997.
Net revenues for the nine months ended Sept. 30, 1998 were
$514.4 million vs. $311.6 million for the nine months ended Sept. 30,
1997. EBITDA for the nine months ended Sept. 30, 1998 was
$243.9 million vs. $129.8 million for the nine months ended Sept. 30,
1997. Net income was $28.2 million for the nine months ended Sept. 30,
1998 vs. $8.0 million for the nine months ended Sept. 30, 1997.
"We are very excited about our third quarter results and our
position in preparing our company for 1999 and beyond," said Arte
Moreno, president and chief executive officer of Outdoor Systems Inc.
Outdoor Systems Inc. is the largest out-of-home media company in
the United States, Canada and Mexico, operating approximately 231,000
bulletins, posters, transit shelters, subway, mall displays and sports
marketing in North America.
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