The earnings call reveals a solid operational performance with consistent revenue growth, strong results in certain divisions, and successful M&A activity. However, challenges such as the lowering of AFFO guidance, weakness in specific categories, and the strategic exit from the Vancouver contract create a mixed outlook. Despite these challenges, the company's strong financial position and growth in key areas provide a basis for cautious optimism.

Company Guidance

During the call, Lamar provided guidance for the remainder of 2025, revising its full-year AFFO per share expectations to a range of $8.10 to $8.20. This revision reflects both softer operational results and specific non-operational factors, such as the exit from the Vancouver transit contract, which impacted AFFO by approximately $0.06 per share. In Q2 2025, Lamar experienced a 1.9% increase in acquisition-adjusted revenue and a 2% rise in adjusted EBITDA. The company’s EBITDA margins showed a slight improvement over the previous year. Additionally, Lamar's capital expenditure for the first half of the year reached $68.1 million, with full-year expectations set at $180 million. The company completed $110 million in cash acquisitions and executed a notable UPREIT transaction, highlighting an innovative approach to M&A. Lamar maintained a strong balance sheet with a net debt-to-EBITDA ratio of 2.95x and ended Q2 with $363 million in liquidity.

Consistent Revenue Growth

Achieved 1.9% revenue growth on a consolidated acquisition-adjusted basis, marking the 17th consecutive quarter of acquisition-adjusted revenue growth.

Strong Performance in Airport and Logos Division

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

Successful M&A Activity

Completed $110 million in cash acquisitions year-to-date, including the first-ever UPREIT transaction in the billboard space with Verde Outdoor.

Strong Balance Sheet and Financial Metrics

Maintained a low total leverage ratio of 2.95x net debt-to-EBITDA and ended the quarter with $363 million in total liquidity.

Growth in AFFO and EBITDA

Adjusted funds from operations increased by 5.5% to $225.3 million, and adjusted EBITDA increased by 2.5% to $278.4 million.

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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