8-K
filed February 24, 2023, 6:59 PM ET
ticker LAMR
CIK 0001090425
earnings
confidence high
sentiment positive
materiality 0.70
Lamar Q4 revenue $535.5M (+8.3%), AFFO $1.91/sh; FY23 AFFO guidance $7.40-$7.55
LAMAR ADVERTISING CO/NEW
2022-FY EPS reported
$4.31
revenue$2,032,140,000
- Q4 net revenue $535.5M, up 8.3% YoY; adjusted EBITDA $252.3M, up 9.4%.
- Full-year 2022 net revenue $2.03B (+13.7%), net income $438.6M, AFFO per share $7.38 (+12%).
- FY 2023 guidance: diluted AFFO per share $7.40-$7.55, net income per share $5.14-$5.21.
- Board authorized $250M share repurchase and $250M debt repurchase through Sep 2024.
- Completed 73 acquisitions in 2022 for ~$480M, adding 8,200+ displays.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
LAMAR ADVERTISING CO/NEW reported the fourth quarter ended December 31, 2022 results: revenue $535.5 million, net income $66.1 million, EPS $0.65. Guidance initiated.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $535.5 million
- Net income
- $66.1 million
- EPS
- $0.65
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Lamar reported net revenues of $535.5 million for the fourth quarter of 2022 versus $494.6 million for the fourth quarter of 2021, an 8.3% increase. Operating income for the fourth quarter of 2022 decreased $39.9 million to $110.1 million as compared to $149.9 million for the same period in 2021. Lamar recognized net income of $66.1 million for the fourth quarter of 2022 as compared to net income of $123.3 million for same period in 2021, a decrease of $57.2 million. Net income per diluted share was $0.65 and $1.21 for the three months ended December 31, 2022 and 2021, respectively.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
LAMAR ADVERTISING CO/NEW reported the year ended December 31, 2022 results: revenue $2.03 billion, net income $438.6 million, EPS $4.31. Guidance initiated.
- Period
- the year ended December 31, 2022
- Revenue
- $2.03 billion
- Net income
- $438.6 million
- EPS
- $4.31
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Lamar reported net revenues of $2.03 billion for the twelve months ended December 31, 2022 versus $1.79 billion for the twelve months ended December 31, 2021, a 13.7% increase. Operating income for the twelve months ended December 31, 2022 increased $56.8 million to $578.0 million as compared to $521.2 million for the same period in 2021. Lamar recognized net income of $438.6 million for the twelve months ended December 31, 2022 as compared to net income of $388.1 million for the same period in 2021, an increase of $50.6 million. Net income per diluted share was $4.31 and $3.83 for the twelve months ended December 31, 2022 and 2021, respectively.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
LAMAR ADVERTISING CO/NEW reported fiscal year 2023 results: EPS between $5.14 and $5.21. Guidance initiated.
- Period
- fiscal year 2023
- EPS
- between $5.14 and $5.21
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
We expect net income per diluted share for fiscal year 2023 to be between $5.14 and $5.21, with diluted AFFO per share between $7.40 and $7.55.
View on SEC.gov
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