LAMR

Management attributed the Q1 outperformance to continued momentum in national advertising, which grew 5.8% following a recovery that began in 2025 after a period of volatility in 2023 and 2024. The company is seeing a strategic shift where big brands are increasingly valuing out-of-home's scale and affordability in an 'algorithm-driven' digital landscape. Programmatic revenue surged nearly 25% to approximately $11 million, serving as a high-growth engine within the broader national segment. Operational efficiency improved as EBITDA margins expanded by 130 basis points, partially driven by the strategic exit from the low-margin Vancouver franchise. Local and regional sales remain the company's bedrock, marking 20 consecutive quarters of growth and accounting for 82% of billboard revenue. Management highlighted a pivot toward securing easements beneath high-performing locations as a strategic and accretive use of capital for 2026. Management indicated they are pacing toward the top end or above current AFFO guidance, with a formal revision likely during the August earnings call. Revenue growth is expected to accelerate into Q2, with pacings for the remainder of 2026 currently trending roughly the same as current pro forma revenue growth. Full-year margin expansion is targeted at approximately 100 basis points, with management aiming for a 47.7% margin for the full year. Political advertising is pacing well ahead of 2024 levels; if trends hold, it could mark the first time a midterm year outperforms a presidential cycle. The company anticipates total CapEx of approximately $186 million for 2026, with $64 million dedicated to maintenance. Lamar completed 19 acquisitions in early 2026 for $80 million, maintaining an active M&A pipeline with over $1 billion in investment capacity. The company maintains a conservative leverage profile at 3x net debt-to-EBITDA, which is among the lowest levels in its history. Management intends to recommend a dividend increase in the second half of the year, contingent on taxable income and Board approval. The airport division showed exceptional strength with 15.5% acquisition-adjusted revenue growth, significantly outperforming other segments. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management reported health across all...

Interested in Lamar Advertising Company? Here are five stocks we like better. Lamar beat Q1 expectations on revenue and profitability, with adjusted EBITDA of $226.3M, diluted AFFO per share up 7.5% to $1.72, and margins expanding ~130 bps; management says the company is pacing to the top end (or above) of full-year AFFO guidance ($8.50–$8.70) and may revisit guidance in August. National demand improved — national revenue rose 5.8% helped by a nearly 25% increase in programmatic to about $11M — and Lamar was 75% booked to its total revenue goal as of May 1, its strongest laid-down bookings since COVID. Capital allocation remains active: the company closed 19 acquisitions for $80M, has investment capacity of over $1B while net leverage was about 3.0x, and it paid a $1.60 quarterly dividend and will ask the board to approve another $1.60 with a likely dividend increase in H2. Lamar Advertising (NASDAQ:LAMR) reported first-quarter 2026 results that exceeded internal expectations on both revenue and profitability, supported by strength in local advertising and a notable pickup from national customers, according to executives on the company’s earnings call. CEO Sean Riley said the company is “pacing to the top end, if not above” its previously issued full-year adjusted funds from operations (AFFO) per share guidance range, adding that if current trends continue, Lamar may revisit that outlook during its August call. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Riley highlighted improving national demand after what he described as a “bumpy” period through 2023 and 2024. National revenue rose 5.8% versus the first quarter of 2025, helped by a sharp gain in programmatic. Programmatic revenue increased by nearly 25% to approximately $11 million in the quarter. Excluding programmatic, national revenue increased 4.1%. Riley said pacings for the balance of 2026 are “even stronger” than the first-quarter growth rate, driven by increased spending from longtime national customers as well as activity from new accounts and categories. During Q&A, Riley told Morgan Stanley analyst Cameron McVeigh that the outlook for Q2, Q3, and Q4 is “very good,” with each quarter “pacing at roughly the same pro forma revenue growth.” → Years in the Making, AMD’s Upside Movement Has Just Begun In response to a question from JPMorgan’s Alexei Papalexopoulos about what dr...

BATON ROUGE, La. (AP) — BATON ROUGE, La. (AP) — Lamar Advertising Co. (LAMR) on Thursday reported a key measure of profitability in its first quarter. The Baton Rouge, Louisiana-based real estate investment trust said it had funds from operations of $177.5 million, or $1.72 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $101.2 million, or $1 per share. The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $528 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAMR at https://www.zacks.com/ap/LAMR

Lamar Advertising Company (NASDAQ:LAMR) reported first-quarter results on Thursday that exceeded Wall Street expectations, supported by healthy demand from both local and national advertisers. The company posted adjusted earnings of $1.00 per share, surpassing the analyst consensus estimate of $0.90 by $0.10. Shares gained 1.33% in premarket trading following the earnings release. Quarterly revenue reached $528.0 million, ahead of analyst estimates of $525.0 million and up 4.5% from $505.4 million in the same quarter last year. Adjusted EBITDA increased 7.7% year-over-year to $226.3 million, compared with $210.2 million in the first quarter of 2025. CEO Sean Reilly said demand trends remained strong across the company’s customer base. “our first-quarter results surpassed our internal forecasts, and our pacings have us trending at the top end of our previously provided guidance for full-year AFFO per diluted share.” Net income fell 26.9% to $101.8 million from $139.2 million in the year-earlier quarter. The decline was largely attributed to a one-time gain of $67.7 million recorded in 2025 related to the sale of Lamar’s equity stake in Vistar Media, Inc. Excluding that item, the company said operating performance improved across several key financial metrics. Adjusted funds from operations rose 8.0% to $177.5 million from $164.3 million a year earlier. Diluted AFFO per share increased 7.5% to $1.72 from $1.60. Free cash flow climbed 25.8% year-over-year to $152.4 million, compared with $121.1 million in the prior-year quarter. On an acquisition-adjusted basis, net revenue increased 3.9%, while acquisition-adjusted EBITDA advanced 5.2%. As of March 31, 2026, Lamar Advertising reported total liquidity of $701.5 million. That figure included $662.2 million available under the company’s revolving credit facility and $39.3 million in cash. The company also said it subsequently reduced outstanding borrowings under its revolving credit facility by $40.0 million. Lamar Advertising is one of the largest outdoor advertising companies in North America. The company operates billboard, transit, and digital display advertising networks across the United States and Canada, serving local, regional, and national advertisers through a broad portfolio of outdoor media assets. Lamar Advertising Company stock price

Three Month Results Net revenues were $528.0 million Net income was $101.8 million Adjusted EBITDA was $226.3 million BATON ROUGE, La., May 07, 2026 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the first quarter ended March 31, 2026. “Our year is shaping up quite nicely, with strong demand from local and particularly national customers," Lamar chief executive Sean Reilly said. "Our first-quarter results surpassed our internal forecasts, and our pacings have us trending at the top end of our previously provided guidance for full-year AFFO per diluted share. “ First Quarter Highlights Net revenues increased 4.5% Net income decreased 26.9% Adjusted EBITDA increased 7.7% AFFO increased 8.0% First Quarter Results Lamar reported net revenues of $528.0 million for the first quarter of 2026 versus $505.4 million for the first quarter of 2025, a 4.5% increase. Operating income for the first quarter of 2026 decreased $45.2 million to $146.1 million as compared to $191.2 million for the same period in 2025. Lamar recognized net income of $101.8 million for the first quarter of 2026 as compared to a net income of $139.2 million for the same period in 2025, a decrease of $37.4 million. The 26.9% decrease in net income for the first quarter of 2026 as compared to the same period in 2025 was primarily due to the $67.7 million gain, offset by the $13.1 million income tax expense, recorded in 2025 for the sale of Lamar’s equity interest in Vistar Media, Inc. (“Vistar”). Net income per diluted share was $1.00 and $1.35 for the three months ended March 31, 2026 and 2025, respectively. Adjusted EBITDA for the first quarter of 2026 was $226.3 million versus $210.2 million for the first quarter of 2025, an increase of 7.7%. Cash flow provided by operating activities was $147.4 million for the three months ended March 31, 2026 versus $127.7 million for the first quarter of 2025, an increase of $19.6 million. Free cash flow for the first quarter of 2026 was $152.4 million as compared to $121.1 million for the same period in 2025, a 25.8% increase. For the first quarter of 2026, funds from operations, or FFO, was $167.8 million versus $156.1 million for the same period in 2025, an increase of 7.5%. Adjusted funds from o...

BATON ROUGE, La., April 13, 2026 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its first quarter ended March 31, 2026 earnings report before the market opens on Thursday, May 7, 2026. Lamar will host a conference call on Thursday, May 7, 2026 at 8:00 a.m. (Central time) to discuss the Company’s results and answer questions relating to company operations. Instructions for dialing into Lamar’s conference call are provided below:

Excluding political advertising, revenues grew more than 4% on an acquisition-adjusted basis in the fourth quarter, while full-year acquisition-adjusted revenue increased 2.1%. Local and regional sales, representing 78% of billboard revenue, grew for the 19th consecutive quarter, providing a defensive foundation against macro volatility. National revenue growth of 3.3% was bolstered by a 19% surge in programmatic sales and a significant pharmaceutical campaign. The midpoint of the company's full-year guidance implies consolidated operating margins of over 47%, which would be the best in the company's history, driven by revenue growth and solid discipline on expenses. The company maintained an aggressive digital strategy, adding 559 units in 2025 through a mix of internal deployments and strategic acquisitions. Management attributed top-line gains primarily to rate increases rather than occupancy, as the portfolio is currently at peak average annual occupancy. Vertical strength in services and healthcare, which comprise nearly 30% of the book, offset weakness in the telecom and beverage sectors. Full-year AFFO guidance of $8.50 to $8.70 per share assumes acquisition-adjusted revenue growth of approximately 3.5%. Management expects expense growth to taper in the second half of 2026 as technology initiatives and ERP implementation costs moderate. The 2026 strategy includes a target of approximately $200 million in cash acquisitions, maintaining a disciplined 10x to 11x post-synergy multiple. Guidance assumes a reversal of political headwinds, with an anticipated $12 million to $14 million in incremental political spend breaking late in the year. The company plans to maintain its aggressive digital rollout, targeting internal deployments consistent with 2025 levels to capture advertiser demand for flexibility. The 2025 Verde deal marked the first UPREIT transaction in the out-of-home industry, providing a new template for tax-efficient acquisitions. Asset Retirement Obligation (ARO) adjustments caused a non-cash $151.3 million fluctuation in depreciation, which management clarified has no impact on AFFO or EBITDA. Healthcare insurance costs for employees are rising at high single-digit rates, creating a persistent 0.5% headwind to total operating expenses. The company maintains significant liquidity of over $800 million, allowing for opportunistic M&A while stay...

Image source: The Motley Fool. Friday, Feb. 20, 2026 at 9:00 a.m. ET Chief Executive Officer — Sean Reilly Chief Financial Officer — Jay Johnson Need a quote from a Motley Fool analyst? Email [email protected] Sean Reilly: Thank you, Angela. Good morning all, and welcome to Lamar's Q4 2025 Earnings Call. We ended 2025 with encouraging sales momentum with both local and national delivering growth in Q4 despite a challenging political comp in October. Excluding political, revenues grew more than 4% on an acquisition-adjusted basis in the quarter. We delivered increases across both analog and digital billboards as well as in airports and logos. Our revenue growth, combined with solid discipline on expenses, allowed us to exceed the top end of the revised full year AFFO guidance that we provided in August. The sales strength continued in Q1 and pacings for the balance of this year remain promising. Based on those pacings and as noted in the release, we anticipate full year AFFO to be between $8.50 and $8.70 per share representing year-over-year growth of 4.1% in AFFO per share at the midpoint. The midpoint of the guidance also implies revenue growth of approximately 3.5% on an acquisition-adjusted basis, with expenses increasing approximately 3% on that same basis. Expense growth should taper as we get to the back half of 2026. I would also note that the midpoint of the range implies consolidated operating margins of over 47%, the best in the company's history. In the meantime, back to Q4, categories of strength included services, health care, building and construction and financial, while telecom and beer and wine were weaker. For the quarter, local was up 1.7%, while national/programmatic grew 3.3%. This is the third consecutive quarter that national has been up. We had a real nice pharmaceutical buy that helped the health care category and boosted national's growth. Programmatic was again strong, up approximately 19% year-over-year. Excluding programmatic, national's growth was 1.5%. As mentioned, political was a headwind in Q4 and for the full year, but that, that dynamic should reverse in 2026. For the quarter, political was down about $11 million versus 2024. Again, headwind last year, tailwind this year. We added 111 digitals in Q4, ending the year with 5,553 operating units. On a same-store basis, digital revenue increased 3.7% in Q4, demonstrating that advert...

This article first appeared on GuruFocus. Revenue Growth: Excluding political, revenues grew more than 4% on an acquisition-adjusted basis in Q4 2025. AFFO Guidance: Full year AFFO anticipated to be between $8.50 and $8.70 per share, representing year-over-year growth of 4.1% at the midpoint. Operating Margins: Midpoint of guidance implies consolidated operating margins of over 47%, the best in the company's history. Digital Revenue: Same-store digital revenue increased 3.7% in Q4 2025. Acquisitions: Closed 13 acquisitions in Q4 for approximately $57 million in cash, totaling 50 acquisitions for $191 million in cash for the full year. Adjusted EBITDA: Q4 adjusted EBITDA was $288.9 million, a 3.7% increase from $278.5 million in 2024. Adjusted EBITDA Margin: Q4 adjusted EBITDA margin was 48.5%, an expansion of 40 basis points over the previous year. Debt and Leverage: Total consolidated debt of approximately $3.4 billion with a weighted average interest rate of 4.5% and leverage of 2.92 times net debt-to-EBITDA. Dividend: Regular quarterly cash dividend of $1.55 per share in 2025, totaling $6.20 for the full year. Proposed dividend of $1.60 per share for Q1 2026. Capital Expenditures: Total CapEx for Q4 was approximately $63 million, with maintenance CapEx of $20.8 million. Programmatic Growth: Programmatic revenue grew approximately 19% year-over-year in Q4 2025. Warning! GuruFocus has detected 8 Warning Signs with LAMR. Is LAMR fairly valued? Test your thesis with our free DCF calculator. Release Date: February 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lamar Advertising Co (NASDAQ:LAMR) ended 2025 with encouraging sales momentum, with both local and national segments delivering growth in Q4. The company exceeded the top end of its revised full-year AFFO guidance, driven by strong revenue growth and disciplined expense management. Lamar Advertising Co (NASDAQ:LAMR) achieved a record consolidated operating margin of over 47%, the best in the company's history. Programmatic advertising showed strong performance, growing approximately 19% year-over-year. The company completed 50 acquisitions in 2025, totaling $191 million in cash, and anticipates another active M&A year in 2026. Political advertising was a headwind in Q4 and for the full year, with a decrease of about $11 million compared to 20...

2026 guidance: Management guided AFFO to $8.50–$8.70 per share (midpoint ≈ 4.1% growth) and said the midpoint implies consolidated operating margins north of 47%, the highest in company history. Digital expansion: Lamar added 111 digital units in Q4 and ended 2025 with 5,553 digital displays (+559 y/y), with digital representing 33.7% of Q4 business and same-store digital revenue up 3.7%, as the company plans similar internal deployments in 2026. M&A, balance sheet & payouts: Lamar completed 50 acquisitions in 2025 for $191M and expects ~ $200M of cash acquisitions in 2026, with total debt ~ $3.4B (leverage 2.92x), ~ $800M liquidity, and a recommended regular dividend of $1.60 per quarter (projected $6.40 for 2026). Interested in Lamar Advertising Company? Here are five stocks we like better. Lamar Advertising (NASDAQ:LAMR) executives said the company exited 2025 with improving sales momentum and issued 2026 guidance calling for continued growth in adjusted funds from operations (AFFO) per share, supported by pricing, digital expansion and contributions from acquisitions. CEO Sean Reilly said both local and national advertising grew in the fourth quarter despite a difficult comparison from political advertising in October. Excluding political, Lamar’s revenues grew more than 4% on an acquisition-adjusted basis in the quarter, with gains across analog and digital billboards as well as airports and logos. Reilly also highlighted a strong finish to the year, citing December pro forma growth of almost 6%. → Corning’s Surprise AI Boom: Is It Already Too Late to Buy? For the quarter, Reilly said local revenue increased 1.7%, while national programmatic grew 3.3%, marking the third consecutive quarter of national growth. He attributed part of the national strength to a “real nice pharmaceutical buy,” and noted that programmatic revenue rose about 19% year-over-year. Excluding programmatic, national growth was 1.5%. Reilly outlined category performance, saying strength came from services, healthcare, building and construction, and financial advertising, while telecom and beer and wine were weaker. He later quantified several category moves, including services up 12% in Q4, healthcare up 13%, financial up 17%, and building and construction up 16%, while telecommunications fell 10% and beer and wine fell 20% in the quarter. He also emphasized that Lamar’s largest vert...

BATON ROUGE, La. (AP) — BATON ROUGE, La. (AP) — Lamar Advertising Co. (LAMR) on Friday reported a key measure of profitability in its fourth quarter. The Baton Rouge, Louisiana-based real estate investment trust said it had funds from operations of $230.6 million, or $2.24 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $152.2 million, or $1.50 per share. The outdoor and transit advertising company, based in Baton Rouge, Louisiana, posted revenue of $595.9 million in the period. For the year, the company reported funds from operations of $846.7 million. Revenue was reported as $2.27 billion. Lamar expects full-year funds from operations in the range of $8.50 to $8.70 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAMR at https://www.zacks.com/ap/LAMR