earnings
confidence high
sentiment positive
materiality 0.75
Lamar Q2 revenue $565.3M (+4.5%); adjusted EBITDA +6.9%; AFFO per share +9.5%
LAMAR ADVERTISING CO/NEW
2024-Q2 EPS reported
$2.10
revenue$1,063,401,000
- Net revenue $565.3M (up 4.5% YoY); net income $137.6M vs $130.9M; diluted EPS $1.34 vs $1.28.
- Adjusted EBITDA $271.6M (+6.9%); diluted AFFO per share $2.08 vs $1.90 (+9.5%).
- Free cash flow $203.5M (+27.8% YoY); operating cash flow $256.3M.
- CEO reaffirms full-year diluted AFFO per share guidance of $7.75-$7.90, pacing at top end.
- Repaid $350M Term A loans on July 31; entered new $400M at-the-market equity facility.