secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015439
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Q1 net revenue up 4.4% to $471.3M; net income falls 17% to $76.2M on higher interest
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000162828023015439/0001628280-23-015439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000162828023015439/lamr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015439

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