{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-015439","form_type":"8-K","ticker":"LAMR","cik":"0001090425","company_name":"LAMAR ADVERTISING CO/NEW","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.909447+00:00","generated_at":"2026-06-15T19:49:41.914406+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Lamar Q1 net revenue up 4.4% to $471.3M; net income falls 17% to $76.2M on higher interest","bullets":["Net revenue $471.3M (+4.4% YoY); net income $76.2M (-17.3% vs $92.2M); diluted EPS $0.74 vs $0.91.","Adjusted EBITDA rose 3.5% to $198.0M from $191.2M; diluted AFFO per share fell 6.0% to $1.41.","Free cash flow decreased 15.8% to $113.3M from $134.5M; operating cash flow increased 6.6% to $108.7M.","CEO cites steady local sales offsetting national weakness; April slight softening but confident in midpoint of guidance.","Total liquidity $663.0M as of March 31, 2023; $115M drawn on revolver, $234.8M on AR securitization."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-015439","json":"https://secwatch.observer/filing/0001628280-23-015439.json","markdown":"https://secwatch.observer/filing/0001628280-23-015439.md","text":"https://secwatch.observer/filing/0001628280-23-015439.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023015439/0001628280-23-015439-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023015439/lamr-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T19:49:41.914406+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7a62afeaacb29ca52bd0d36dcbdd058a8e9acd5f","claim":"LAMAR ADVERTISING CO/NEW reported first quarter ended March 31, 2023 results: revenue $471.3 million, net income $76.2 million, EPS $0.74 per diluted share.","evidence_excerpt":"Lamar reported net revenues of $471.3 million for the first quarter of 2023 versus $451.4 million for the first quarter of 2022, a 4.4% increase. Operating income for the first quarter of 2023 decreased $1.7 million to $118.8 million as compared to $120.5 million for the same period in 2022. Lamar recognized net income of $76.2 million for the first quarter of 2023 as compared to net income of $92.2 million for same period in 2022, a decrease of $16.0 million, primarily related to an increase in interest expense of $14.7 million over the same period in 2022. Net income per diluted share was $0.74 and $0.91 for the three months ended March 31, 2023 and 2022, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023015439/0001628280-23-015439-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$471.3 million"},{"label":"Net income","value":"$76.2 million"},{"label":"EPS","value":"$0.74 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}