Lamar Advertising (LAMR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.82

Last Year’s EPS

1.35

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 20, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a largely positive message: Lamar delivered revenue and AFFO growth, exceeded revised guidance, expanded margins, demonstrated strong digital and programmatic momentum, maintained a healthy balance sheet and active M&A pipeline, and increased the dividend. Headwinds included political advertising volatility (a 2025 drag that should reverse in 2026 but is back-loaded), notable declines in telecom and beverage verticals, and expense pressures from healthcare and ERP initiatives. On balance, the positives (guidance beat, margin expansion, digital/programmatic strength, strong liquidity and M&A activity) outweigh the negatives, though management remains cautious about expense inflation and political timing.

Company Guidance

Lamar guided full-year AFFO of $8.50–$8.70 per share (midpoint implying ~4.1% YoY AFFO per share growth; management said the range represents ~2.9%–5.4% growth versus 2024), with acquisition‑adjusted revenue growth of roughly 3.5%–3.6% and acquisition‑adjusted operating expenses rising about 3% (or “modestly slower than revenue”); the midpoint also implies consolidated operating margins north of 47% (a company record). The guidance assumes cash interest of $154 million (SOFR flat), maintenance CapEx of ~$64 million, cash taxes of ~$10 million, and reflects a dividend plan of $1.60 for Q1 (a $6.40 regular cash dividend for 2026; Q1 annualized yield ~4.8% at yesterday’s close); balance‑sheet metrics cited alongside the guidance include ~ $3.4 billion total debt at a 4.5% weighted average rate, weighted average debt maturity of 4.6 years, net leverage of 2.92x ND/EBITDA, ~$800 million total liquidity ($64.8M cash, $742.2M revolver), and a $250M AR securitization outstanding, with management saying they retain >$1 billion of investment capacity and can deploy capital while remaining at or below their 3.5–4.0x target leverage range.

Exceeded Full-Year AFFO Guidance and Grew AFFO

Fiscal 2025 diluted AFFO per share was $8.26, above the high end of the revised guidance; full-year diluted AFFO per share increased 3.4% year-over-year. Q4 diluted AFFO per share was $2.24, up 1.4% versus Q4 2024. Management provided 2026 AFFO guidance of $8.50 to $8.70 per share (guidance range implying 2.9%–5.4% growth vs. 2024; midpoint implies ~4.1% AFFO per share growth).

Top-Line Growth and Margin Expansion

Excluding political, Q4 revenues grew more than 4% on an acquisition-adjusted basis (Sean: ex-political Q4 pro forma growth 4.3%). Full-year acquisition-adjusted revenue increased 2.1% to $2.27 billion. Q4 adjusted EBITDA margin was 48.5%, expanding 40 basis points year-over-year; full-year adjusted EBITDA margin was 46.7% and the midpoint of 2026 guidance implies consolidated operating margins above 47% (company's best-ever).

Strong Adjusted EBITDA and December Outperformance

Q4 adjusted EBITDA was $288.9 million, up 3.7% year-over-year (2.1% on an acquisition-adjusted basis). December outperformed with acquisition-adjusted revenue growth of almost 6% and acquisition-adjusted EBITDA increasing 13.5% for the month, driving outperformance versus internal expectations.

Digital and Programmatic Momentum

Added 111 digital units in Q4 to end the year with 5,553 operating digital units (559 net additions year-over-year). Same-store digital revenue increased 3.7% in Q4. Digital represented 33.7% of the book in Q4 and 31.6% for the full year. Programmatic revenue grew ~18.7%–19% year-over-year in Q4.

Active M&A Program and Integration Success

Completed 50 acquisitions in 2025 for approximately $191 million in cash (13 in Q4 for ~$57 million). Verde UPREIT transaction closed and integrations are progressing well. Management expects an active M&A year in 2026 and has already completed 7 acquisitions since Jan 1 for ~$40 million, targeting at least a similar cash acquisition cadence (~$200M) in 2026.

Healthy Balance Sheet and Liquidity Position

Total consolidated debt of approximately $3.4 billion with a weighted average interest rate of 4.5% and weighted average debt maturity of 4.6 years. Net leverage (as defined under credit facility) was 2.92x net debt to EBITDA (near company lows); secured debt leverage 0.6x. Total liquidity just over $800 million (cash $64.8M + $742.2M revolver available). Management estimates investment capacity well over $1 billion.

Disciplined Capital Allocation and Dividend Increase

2025 regular cash dividend totaled $6.20 ($1.55 per quarter). Management proposed a $1.60 Q1 dividend and expects to distribute $6.40 for 2026 (annualized Q1 dividend implies a ~4.8% yield at the prior close). Full-year CapEx for 2025 was $180.8M (maintenance CapEx $57.3M), and Q4 CapEx was ~$63M (maintenance $20.8M).

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

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LAMR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	0.82 / -	1.35	―	―	―
Feb 20, 2026	2025 (Q4)	1.58 / 1.50	-0.01	15100.00% (+1.51)	―
Nov 06, 2025	2025 (Q3)	1.52 / 1.40	1.44	-2.78% (-0.04)	―
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)	―

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
Feb 20, 2026	$132.83	$133.98	+0.87%
Nov 06, 2025	$116.81	$118.27	+1.25%
Aug 08, 2025	$121.47	$112.46	-7.42%
May 08, 2025	$113.79	$110.78	-2.65%

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 Apr 30, 2026, Before Open (Confirmed).

What is Lamar Advertising Co (LAMR) earnings time?

Lamar Advertising Co (LAMR) earnings time is at Apr 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 (Q1) is 0.82.