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Stock impact report

Lamar Advertising Company Announces Fourth Quarter and Year Ended December 31, 2023 Operating Results

Lamar Advertising Company - Class A (LAMR) 
Last lamar advertising company - class a earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: lamar.com/about/investors
Company Research Source: GlobeNewswire
Three Month Results Net revenue was $555.9 millionNet income was $149.3 millionAdjusted EBITDA was $268.2 million Twelve Month Results Net revenue was $2.11 billionNet income was $496.8 millionAdjusted EBITDA was $985.7 million BATON ROUGE, La., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the fourth quarter and year ended December 31, 2023. "Revenue growth accelerated as we moved through the fourth quarter, primarily because of strength in local sales. In addition, our team continued to do an outstanding job controlling expenses," Lamar chief executive Sean Reilly said. "The result is that we achieved $7.47 in full year AFFO per diluted share, easily beating our revised guidance range for 2023. For 2024, we are projecting further growth in AFFO, with a range of Show less Read more
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