---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-006507"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T16:37:57.054294+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lamar Advertising Q4 AFFO per share $2.10 (+9.9% YoY); FY2024 AFFO guidance $7.67-$7.82

## Summary
- Q4 net revenue $555.9M (+3.8% YoY); adjusted EBITDA $268.2M (+6.3% YoY).
- Full-year 2023 AFFO per share $7.47; net income $496.8M ($4.85 diluted EPS).
- FY2024 guidance: diluted EPS $5.02-$5.07, diluted AFFO per share $7.67-$7.82.
- Q4 net income $149.3M ($1.46 diluted EPS) vs $66.1M ($0.65) a year earlier.
- CEO cites strength in local sales and expense control for results.

## SEC filing metadata
- accession: 0001628280-24-006507
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000162828024006507/0001628280-24-006507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000162828024006507/lamr-20240223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-006507
- JSON: https://secwatch.observer/filing/0001628280-24-006507.json
- Plain text: https://secwatch.observer/filing/0001628280-24-006507.txt

## Key facts
- Earnings Releases
  LAMAR ADVERTISING CO/NEW reported the year ended December 31, 2023 results: revenue $2.11 billion, net income $496.8 million, EPS $4.85. Guidance reaffirmed.
  - Period: the year ended December 31, 2023
  - Revenue: $2.11 billion
  - Net income: $496.8 million
  - EPS: $4.85
  - Guidance: reaffirmed
  - Result: reported results
  source text: Results Three Month Results • Net revenue was $555.9 million • Net income was $149.3 million • Adjusted EBITDA was $268.2 million Twelve Month Results • Net revenue was $2.11 billion • Net income was $496.8 million • Adjusted EBITDA was $985.7 million Baton Rouge, LA – February 23, 2024 - Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090425/000162828024006507/0001628280-24-006507-index.htm
- Earnings Releases
  LAMAR ADVERTISING CO/NEW reported the quarter ended December 31, 2023 results: revenue $555.9 million, net income $149.3 million, EPS $1.46.
  - Period: the quarter ended December 31, 2023
  - Revenue: $555.9 million
  - Net income: $149.3 million
  - EPS: $1.46
  - Result: reported results
  source text: Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces Fourth Quarter and Year Ended December 31, 2023 Operating Results Three Month Results • Net revenue was $555.9 million • Net income was $149.3 million • Adjusted EBITDA was $268.2 million Twelve Month Results • Net revenue was $2.11 billion • Net income was $496.8 million • Adjusted EBITDA was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090425/000162828024006507/0001628280-24-006507-index.htm

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