---
schema_version: "secwatch.filing_event.v1"
accession: "0001090425-26-000006"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:23:28.468887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lamar Advertising Q4 net revenues up 2.8% to $595.9M; FY2026 AFFO guidance $8.50-$8.70

## Summary
- Q4 net income $154.7M (vs net loss $1.0M YoY) due to prior-year ARO revision; diluted EPS $1.50.
- Full-year net revenues $2.27B (+2.7%); net income $593.1M incl. $68.6M gain on Vistar Media sale.
- Adjusted EBITDA Q4 $288.9M (+3.7%); full-year $1.06B (+2.4%).
- FY2026 guidance: diluted EPS $5.72-$5.83, diluted AFFO per share $8.50-$8.70.
- Liquidity $807M as of Dec 31, 2025; no revolver borrowings outstanding.

## SEC filing metadata
- accession: 0001090425-26-000006
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000109042526000006/0001090425-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000109042526000006/lamr-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001090425-26-000006
- JSON: https://secwatch.observer/filing/0001090425-26-000006.json
- Plain text: https://secwatch.observer/filing/0001090425-26-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.