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Sep 30, 2024
Lamar Q3 2024 Earnings Report
Reported net revenues of $564.1 million and net income of $147.8 million.
Key Takeaways
Lamar Advertising Company reported a 4.0% increase in net revenues, reaching $564.1 million, and a 5.3% increase in net income, amounting to $147.8 million for the third quarter ended September 30, 2024. The company's AFFO also increased by 5.7%.
Net revenues increased by 4.0%.
Net income increased by 5.3%.
Adjusted EBITDA increased by 2.1%.
AFFO increased by 5.7%.
Forward Guidance
Lamar Advertising Company is raising full year guidance for diluted AFFO to a range of $7.85 to $7.95 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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