OUTFRONT Media Inc. (NYSE:OUT) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET

Company Participants

Stephan Bisson – Head-Investor Relations
Jeremy Male – Chairman and Chief Executive Officer
Matthew Siegel – Executive Vice President and Chief Financial Officer

Conference Call Participants

David Karnovsky – JPMorgan
Cameron McVeigh – Morgan Stanley
Ian Zaffino – Oppenheimer
Jason Bazinet – Citi
Lance Vitanza – TD Cowen
Jim Goss – Barrington Research

Operator

Hello all, and welcome to OUTFRONT Media’s Second Quarter 2024 Earnings Call. My name is Lydia, and I will be your operator today. After the prepared remarks, there will be an opportunity to ask questions. [Operator Instructions] I’ll now hand you over to Stephan Bisson, Head of Investor Relations, to begin. Please go ahead.

Stephan Bisson

Good afternoon, and thank you for joining our 2024 second quarter earnings call. With me on the call today are Jeremy Male, Chairman and Chief Executive Officer; and Matthew Siegel, Executive Vice President and Chief Financial Officer.

After a discussion of our financial results, we’ll open the lines for a question-and-answer session. Our comments today will refer to the earnings release and the slide presentation that you can find on the Investor Relations section of our website, outfront.com. After today’s call is concluded, a replay will be available there as well.

This conference call may include forward-looking statements. Relevant factors that could cause actual results to differ materially from these forward-looking statements are listed in our earnings materials and in our SEC filings, including our 2023 Form 10-K and our June 30, 2024 10-Q, which we expect to file this week.

We will refer to certain non-GAAP financial measures on this call. Any references made to OIBDA today will be on an adjusted basis. Reconciliations of OIBDA and other non-GAAP financial measures are in the appendix of the slide presentation, the earnings release and on our website, which also includes presentations with prior period reconciliations.

Also, please note that given the intra-quarter sale of our Canadian business, our consolidated results include only 67 days of Canada results, compared to 91 days in the comparable prior year period. Detailed historical financial results of the divested Canadian business can be found on Page 23 of our slide presentation and detailed historical U.S. Media financial results can be found on Slide 22. Given the recent sale of our Canadian business, our remarks today will focus primarily on the results of our U.S. Media segment.