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Sep 30, 2022
Lamar Q3 2022 Earnings Report
Lamar's revenue and operating income increased, driven by strong performance in the third quarter.
Key Takeaways
Lamar Advertising Company reported increased net revenues and operating income for the third quarter ended September 30, 2022. Net revenue increased by 10.6% to $527.4 million, and operating income increased by 35.7% to $181.0 million. Net income was $146.2 million, compared to $106.8 million for the same period in 2021.
Net revenue increased by 10.6% compared to the third quarter of 2021.
Operating income increased by 35.7% compared to the third quarter of 2021.
Net income increased to $146.2 million, up from $106.8 million in the same period last year.
Diluted AFFO per share increased 6.8% to $2.03.
Forward Guidance
The company expects expense growth to normalize in the fourth quarter and into 2023 and is tracking to the top of previously provided guidance for full-year diluted AFFO per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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