earnings
confidence high
sentiment positive
materiality 0.75
Lamar Q4 net loss $1M on ARO revision; full-year AFFO $7.99/share; 2025 AFFO guidance $8.13-$8.28
LAMAR ADVERTISING CO/NEW
2024-FY EPS reported
$3.52
revenue$2,207,103,000
- Q4 net revenue $579.6M (+4.3% YoY); net loss $(1.0)M due to $159.7M ARO revision; excluding ARO, net income up 6.3%.
- Full-year 2024: net revenue $2.21B (+4.6%); net income $362.9M (down 26.9%) on ARO; adj. EBITDA $1.03B (+4.8%); diluted AFFO per share $7.99, above guidance.
- 2025 guidance: diluted AFFO per share $8.13-$8.28; net income per diluted share $6.01-$6.07; expects growth in AFFO.
- Received $115.1M cash from sale of 20% Vistar Media stake to T-Mobile; proceeds used to reduce revolver balance to $119M.