secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001628280-23-036183
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Advertising Q3 net revenue $542.6M (+2.9%); adjusted EBITDA $265.7M (+5.8%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000162828023036183/0001628280-23-036183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000162828023036183/lamr-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036183

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