---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019751"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:52:42.581264+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lamar Advertising Q1 revenue up 5.7%, raises full-year AFFO guidance

## Summary
- Net revenue $498.2M (+5.7% YoY); net income $78.5M vs $76.2M.
- Adjusted EBITDA $211.9M (+7.1%); diluted AFFO per share $1.54 (+9.2%).
- Full-year 2024 diluted AFFO guidance raised to $7.75-$7.90 per share.
- CEO Sean Reilly cites local sales strength and return to same-store digital growth.
- Free cash flow $138.7M (+22.4%); total liquidity $634.8M at quarter end.

## SEC filing metadata
- accession: 0001628280-24-019751
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2024-05-02T23:59:59+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/1090425/000162828024019751/0001628280-24-019751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000162828024019751/lamr-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019751
- JSON: https://secwatch.observer/filing/0001628280-24-019751.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019751.txt

## Key facts
- Earnings Releases
  LAMAR ADVERTISING CO/NEW reported fiscal year 2024 results: EPS $4.95 to $5.01. Guidance raised.
  - Period: fiscal year 2024
  - EPS: $4.95 to $5.01
  - Guidance: raised
  - Result: guidance update
  source text: We are updating our 2024 guidance issued in February 2024. We now expect net income per diluted share for fiscal year 2024 to be between $4.95 and $5.01, with diluted AFFO per share between $7.75 and $7.90.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090425/000162828024019751/0001628280-24-019751-index.htm
- Earnings Releases
  LAMAR ADVERTISING CO/NEW reported three months ended March 31, 2024 results: revenue $498.2 million, net income $78.5 million, EPS $0.76.
  - Period: three months ended March 31, 2024
  - Revenue: $498.2 million
  - Net income: $78.5 million
  - EPS: $0.76
  - Result: reported results
  source text: Lamar reported net revenues of $498.2 million for the first quarter of 2024 versus $471.3 million for the first quarter of 2023, a 5.7% increase. Operating income for the first quarter of 2024 increased $5.8 million to $124.6 million as compared to $118.8 million for the same period in 2023. Lamar recognized net income of $78.5 million for the first quarter of 2024 as compared to net income of $76.2 million for the same period in 2023, an increase of $2.3 million. Net income per diluted share was $0.76 and $0.74 for the three months ended March 31, 2024 and 2023, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090425/000162828024019751/0001628280-24-019751-index.htm

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