secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001628280-24-046495
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Q3 net rev $564M (+4%), net income $147.8M (+5.3%); raises FY AFFO guidance to $7.85-$7.95
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- Q3 net revenue $564.1M (+4.0% YoY); net income $147.8M (+5.3%); diluted EPS $1.44.
- Adjusted EBITDA $271.2M (+2.1% YoY); diluted AFFO per share $2.15 (+5.4%).
- CEO: Strength in local & programmatic; Q4 revenue pacing ahead of Q3; full-year AFFO guidance raised to $7.85-$7.95.
- Amended AR securitization program extending maturity to Oct 2027 (from July 2025); terms unchanged.
- Total liquidity $450.7M as of Sep 30: $421.2M revolver availability and $29.5M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000162828024046495/0001628280-24-046495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090425/000162828024046495/lamr-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046495

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