Loading...
•
Sep 30, 2023
Lamar Q3 2023 Earnings Report
Demonstrated impressive operating leverage, increasing revenue while decreasing expenses on a year-over-year, acquisition-adjusted basis.
Key Takeaways
Lamar Advertising Company reported net revenues of $542.6 million for the third quarter of 2023, a 2.9% increase compared to the same period in 2022. Net income was $140.4 million, while adjusted EBITDA reached $265.7 million, a 5.8% increase.
Net revenue increased by 2.9%.
Net income was $140.4 million.
Adjusted EBITDA increased by 5.8%.
Diluted AFFO per share increased 0.5%.
Forward Guidance
Based on current bookings, the company is pacing to reach or even slightly exceed the upper end of their revised guidance for full-year diluted AFFO per share.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...