secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019751
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000162828024019751/0001628280-24-019751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000162828024019751/lamr-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019751

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer