---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026994"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:08:59.237529+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lamar cuts FY2023 AFFO guidance; Q2 revenue up 4.5% but AFFO per share down 2.1%

## Summary
- Q2 net revenue $541.1M (+4.5% YoY); adjusted EBITDA $253.9M (+4.3%).
- Q2 net income $130.9M ($1.28/diluted share) vs $134.2M ($1.32) a year ago.
- Diluted AFFO per share fell 2.1% to $1.90 in Q2; six-month AFFO per share $3.32 (-3.2%).
- CEO cites slowdown; FY2023 diluted AFFO guidance revised to $7.13-$7.28 per share.
- FY2023 net income per diluted share guided to $4.72-$4.80.

## SEC filing metadata
- accession: 0001628280-23-026994
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000162828023026994/0001628280-23-026994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000162828023026994/lamr-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026994
- JSON: https://secwatch.observer/filing/0001628280-23-026994.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026994.txt

## Key facts
- Earnings Releases
  LAMAR ADVERTISING CO/NEW updated its the quarter ended June 30, 2023 guidance (lowered).
  - Period: the quarter ended June 30, 2023
  - Guidance: lowered
  - Result: preliminary results
  source text: On August 3, 2023 , Lamar Advertising Company announced via press release its results for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090425/000162828023026994/0001628280-23-026994-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.