The earnings call highlighted a continuation of revenue growth and a strong financial position, with successful strategic transactions like the UPREIT. However, revised AFFO guidance, challenges in replacing political ad revenue, and the exit from the Vancouver contract present notable concerns.

Company Guidance -

Q3 2025

During Lamar's second-quarter 2025 earnings call, the company provided guidance reflecting both operational performance and strategic developments. Revenue growth for Q2 was 1.9% on an acquisition-adjusted basis, marking the 17th consecutive quarter of growth, with national and local contributions across billboards, airports, and logos. EBITDA saw a 2% increase, and the adjusted EBITDA margin remained strong at 48.1%. The company revised its full-year AFFO per share guidance to a range of $8.10 to $8.20, partly due to nonoperational factors such as the exit from the Vancouver transit contract, which impacted AFFO by approximately $0.06 per share. Total capital expenditures for the year are expected to be $180 million, with $60 million for maintenance. Lamar also highlighted its strategic M&A activities, including a significant UPREIT transaction with Verde Outdoor, which contributed to its acquisition total of $110 million in cash acquisitions year-to-date. The company maintains a robust financial position with a total leverage of 2.95x net debt-to-EBITDA and liquidity of $363 million.

Record of Consecutive Revenue Growth

The company achieved its 17th consecutive quarter of acquisition-adjusted revenue growth, with a 1.9% increase year-over-year.

Significant Growth in Airport and Logos Divisions

The airport and logos divisions significantly outpaced the broader portfolio, growing revenue by 11.7% and 6.1%, respectively.

Strong Balance Sheet and Low Leverage

The company ended the quarter with a total leverage of 2.95x net debt-to-EBITDA, maintaining one of the lowest levels ever for the company.

Successful UPREIT Transaction

Completed the first-ever UPREIT transaction in the billboard space, which could accelerate future M&A activity.

Increased Adjusted Funds from Operations

AFFO grew by 5.5% year-over-year, reaching $225.3 million in the second quarter.

Lamar Advertising (LAMR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LAMR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.51 / -	1.44	―	―	―
Aug 08, 2025	2025 (Q2)	1.44 / 1.52	1.34	13.43% (+0.18)	―
May 08, 2025	2025 (Q1)	1.35 / 1.35	0.76	77.63% (+0.59)	―
Feb 20, 2025	2024 (Q4)	1.45 / -0.01	1.46	-100.68% (-1.47)	―
Nov 08, 2024	2024 (Q3)	1.41 / 1.44	1.37	5.11% (+0.07)	―
Aug 08, 2024	2024 (Q2)	1.36 / 1.34	1.28	4.69% (+0.06)	―
May 02, 2024	2024 (Q1)	0.80 / 0.76	0.74	2.70% (+0.02)	―
Feb 23, 2024	2023 (Q4)	1.35 / 1.46	0.65	124.62% (+0.81)	―
Nov 02, 2023	2023 (Q3)	1.40 / 1.37	1.44	-4.86% (-0.07)	―
Aug 03, 2023	2023 (Q2)	1.40 / 1.28	1.32	-3.03% (-0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LAMR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$124.75	$115.50	-7.41%
May 08, 2025	$116.87	$113.77	-2.65%
Feb 20, 2025	$128.46	$119.03	-7.34%
Nov 08, 2024	$129.68	$123.52	-4.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lamar Advertising Company (LAMR) report earnings?

Lamar Advertising Company (LAMR) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Lamar Advertising Company (LAMR) earnings time?

Lamar Advertising Company (LAMR) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LAMR EPS forecast?

LAMR EPS forecast for the fiscal quarter 2025 (Q3) is 1.51.

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