secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001628280-23-026994
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000162828023026994/0001628280-23-026994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000162828023026994/lamr-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026994

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