{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-036183","form_type":"8-K","ticker":"LAMR","cik":"0001090425","company_name":"LAMAR ADVERTISING CO/NEW","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.189975+00:00","generated_at":"2026-06-08T23:20:18.884500+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lamar Advertising Q3 net revenue $542.6M (+2.9%); adjusted EBITDA $265.7M (+5.8%)","bullets":["Net revenue $542.6M (+2.9% YoY); net income $140.4M vs $146.2M, down on $11.5M higher interest expense.","Adjusted EBITDA $265.7M (+5.8%); diluted AFFO per share $2.04 (+0.5% YoY).","CEO cites challenging ad environment but pacing to upper end of revised full-year AFFO guidance.","Acquisition-adjusted net revenue +1.6%, EBITDA +4.5% YoY.","Total liquidity $645.7M; paid down $70M revolver post-quarter, leaving $65M outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-036183","json":"https://secwatch.observer/filing/0001628280-23-036183.json","markdown":"https://secwatch.observer/filing/0001628280-23-036183.md","text":"https://secwatch.observer/filing/0001628280-23-036183.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023036183/0001628280-23-036183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023036183/lamr-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T23:20:18.884500+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":"4fe6338c5a1c3ee6c2f70f13988e19bb88e1a2ba","claim":"LAMAR ADVERTISING CO/NEW reported the third quarter ended September 30, 2023 results: revenue $542.6 million, net income $140.4 million, EPS $1.37. Guidance raised.","evidence_excerpt":"Lamar reported net revenues of $542.6 million for the third quarter of 2023 versus $527.4 million for the third quarter of 2022, a 2.9% increase. Operating income for the third quarter of 2023 increased $7.1 million to $188.1 million as compared to $181.0 million for the same period in 2022. Lamar recognized net income of $140.4 million for the third quarter of 2023 as compared to net income of $146.2 million for the same period in 2022, a decrease of $5.8 million, primarily related to an increase in interest expense of $11.5 million over the same period in 2022. Net income per diluted share was $1.37 and $1.44 for the three months ended September 30, 2023 and 2022, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023036183/0001628280-23-036183-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$542.6 million"},{"label":"Net income","value":"$140.4 million"},{"label":"EPS","value":"$1.37"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"67754a5f3efab0080e8926293a1a922d5835a8ac","claim":"LAMAR ADVERTISING CO/NEW reported the nine months ended September 30, 2023 results: revenue $1.56 billion, net income $347.5 million, EPS $3.39. Guidance raised.","evidence_excerpt":"Lamar reported net revenues of $1.56 billion for the nine months ended September 30, 2023 versus $1.50 billion for the nine months ended September 30, 2022, a 3.9% increase. Operating income for the nine months ended September 30, 2023 increased $15.8 million to $483.7 million as compared to $467.9 million for the same period in 2022. Lamar recognized net income of $347.5 million for the nine months ended September 30, 2023 as compared to net income of $372.5 million for the same period in 2022, a decrease of $25.0 million, primarily related to an increase in interest expense of $40.3 million over the same period in 2022. Net income per diluted share was $3.39 and $3.66 for the nine months ended September 30, 2023 and 2022, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090425/000162828023036183/0001628280-23-036183-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Revenue","value":"$1.56 billion"},{"label":"Net income","value":"$347.5 million"},{"label":"EPS","value":"$3.39"},{"label":"Guidance","value":"raised"},{"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"}