secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001090425-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000109042526000006/0001090425-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000109042526000006/lamr-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001090425-26-000006

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