Lamar Q3 net revenue $527M, up 10.6% YoY; AFFO per share $2.03 +6.8%; guidance reaffirmed

LAMAR ADVERTISING CO/NEW

2022-Q3 EPS reported $3.66 revenue$1,496,630,000

Net revenue $527.4M, operating income $181M, net income $146.2M, all up double-digit YoY.
Adjusted EBITDA $251.2M (+8.9%); diluted AFFO per share $2.03 (+6.8%).
Acquisition-adjusted revenue growth 6%; CEO says full-year AFFO/share tracking to top of guidance.
Nine-month net revenue $1.50B (+15.8%); net income $372.5M vs $264.8M.
Liquidity $857.3M at Sep 30; $75M AR securitization paydown post-quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAMAR ADVERTISING CO/NEW reported Third Quarter Ended September 30, 2022 results: revenue $527.4 million, net income $146.2 million, EPS $1.44. Guidance reaffirmed.

Period: Third Quarter Ended September 30, 2022
Revenue: $527.4 million
Net income: $146.2 million
EPS: $1.44
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Three Month Results • Net revenue was $527.4 million • Net income was $146.2 million • Adjusted EBITDA was $251.2 million

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Source: SEC EDGAR

accession 0001628280-22-028337

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