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Jun 30, 2024
Lamar Q2 2024 Earnings Report
Reported solid revenue growth driven by strong demand and disciplined expense management.
Key Takeaways
Lamar Advertising Company reported a 4.5% increase in net revenue, reaching $565.3 million for the second quarter of 2024. Net income increased to $137.6 million, and adjusted EBITDA grew by 6.9%. The company's diluted AFFO per share also saw a 9.5% increase.
Net revenue increased by 4.5% compared to the second quarter of 2023.
Adjusted EBITDA increased by 6.9% year-over-year.
Diluted AFFO per share increased by 9.5% compared to the same period last year.
The company is pacing at the top end of its full-year diluted AFFO per share guidance.
Forward Guidance
The company continues to pace at the top end of its previously provided guidance of $7.75 to $7.90 for full year diluted AFFO per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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