Lamar Advertising Co (LAMR)
NASDAQ:LAMR
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.58Last Year’s EPS
1.52Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: revenue, adjusted EBITDA, and AFFO all exceeded expectations with notable strength in national/programmatic sales, digital, airports, and several regions. Balance sheet metrics and liquidity remain healthy, and management is actively deploying capital via M&A while maintaining dividend guidance. Weaknesses were limited to a few verticals and one region (Gulf Coast), some month-to-month cadence variability, and potential sustainability questions around the sources of margin expansion (e.g., one-time portfolio changes and past acquisition lapping). On balance, positives materially outweigh the negatives.Company Guidance
Top- and Bottom-Line Beat with Strong Forward Bookings
Q1 results exceeded internal expectations on revenue, adjusted EBITDA and AFFO; company is pacing to the top end or above full-year AFFO per share guidance and may revisit guidance on the August call.
Revenue Growth Across Portfolio
Consolidated revenue increased 3.9% on an acquisition-adjusted basis with growth across billboards, airports, transit and logos and across all regions; April revenue grew 4.8%, bringing acquisition-adjusted revenue to 4.1% through the first four months of the year.
National and Programmatic Strength
National revenue rose 5.8% year-over-year; programmatic grew nearly 25% to approximately $11 million in the quarter; ex-programmatic national was up 4.1%.
Strong Profitability and Margin Expansion
Adjusted EBITDA was $226.3 million vs. $210.2 million in 2025 (+7.7% reported; +5.2% acquisition-adjusted). Adjusted EBITDA margin expanded ~130 basis points year-over-year to 42.9%.
AFFO Growth and Per-Share Improvement
Adjusted funds from operations totaled $177.5 million vs. $164.3 million (+8%); diluted AFFO per share rose 7.5% to $1.72 versus $1.60 in Q1 2025. Full-year AFFO guidance affirmed at $8.50–$8.70/share.
Digital Momentum
Same-board digital revenue increased 5% and digital represented ~31% of billboard billings in Q1; digital inventory ended Q1 at 5,657 spaces, up 104 year-over-year.
Strong End-Market and Vertical Performance
Top 10 verticals (75% of revenues) were up 5.4% year-over-year; categories of strength included services, restaurants, gaming, political and insurance. Local/regional sales (≈82% of billboard revenue) grew for the 20th consecutive quarter.
Airport & Regional Outperformance
Airport business led with acquisition-adjusted revenue up 15.5% in Q1; logos revenue increased 6.3%; Midwest region up 5.7% and Atlantic up 4.8%.
Active, Disciplined M&A and Deployment Capacity
Completed 19 acquisitions year-to-date for $80 million in cash; company cites investment capacity >$1 billion and expects acquisitions to add roughly 20–25 basis points to top-line growth this year.
Healthy Balance Sheet and Liquidity
Total consolidated debt ≈ $3.5 billion with weighted average interest rate 4.5% and maturity of 4.3 years; net leverage 3.0x (total leverage per credit facility), secured leverage 0.7x; LTM interest coverage ~7x; total liquidity just over $700 million ($39.3M cash + $662.2M revolver).
Capital Allocation & Dividend Discipline
Q1 CapEx $33.1M (maintenance $9.3M); full-year CapEx guidance ≈ $186M with maintenance ≈ $64M. Q1 dividend $1.60/share; management recommended Q2 dividend $1.60/share and expects at least $6.40/share regular dividend for the year, with potential increase in back half given outperformance.
LAMR Earnings History
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 |
|---|---|---|---|
May 07, 2026 | $141.15 | $151.20 | +7.12% |
Feb 20, 2026 | $131.25 | $132.38 | +0.87% |
Nov 06, 2025 | $115.42 | $116.86 | +1.25% |
Aug 08, 2025 | $120.02 | $111.12 | -7.41% |
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 Co (LAMR) report earnings?
Lamar Advertising Co (LAMR) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Lamar Advertising Co (LAMR) earnings time?
Lamar Advertising Co (LAMR) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LAMR EPS forecast?
LAMR EPS forecast for the fiscal quarter 2026 (Q2) is 1.58.