Every material Form 8-K Lamar Advertising has filed with the SEC since July 26, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lamar Advertising Company reported net revenues of $624.5 million and net income of $165.0 million for the third quarter ended September 30, 2026. Driven by accelerating sales growth and strong performance, the company raised its full-year 2026 diluted AFFO per share guidance to a range of $8.87 to $8.97.
Net revenues for Q3 2026 increased 6.6% year-over-year to $624.5 million.
Net income for Q3 2026 reached $165.0 million, compared to $144.1 million in Q3 2025.
Adjusted EBITDA for the quarter rose 9.3% to $306.9 million.
Full-year 2026 diluted AFFO per share guidance was updated to $8.87 to $8.97.
Lamar Media Corp., a unit of Lamar Advertising, signed an Eighth Amendment to its receivables financing agreement with PNC Bank that extends the maturity of its accounts receivable securitization program to October 1, 2029. The amendment also adds flexibility for which receivables are eligible under the program. The filing does not state any dollar amount for the facility or any change in its size.
Amendment dated October 1, 2026 extends the securitization program maturity to October 1, 2029
Amendment adds flexibility for eligibility of certain receivables
PNC Bank, National Association is administrative agent and a lender; PNC also has advisory, banking and senior credit facility roles with Lamar
Lamar Advertising reported second-quarter 2026 net revenues of $616.7 million, up 6.5%, and net income of $164.6 million, up 6.2%. The company raised its full-year 2026 diluted AFFO per share guidance to $8.75 to $8.90 and gave diluted earnings per share guidance of $5.95 to $5.99.
Q2 2026 diluted EPS was $1.58, versus $1.52 in Q2 2025; diluted AFFO per share rose 8.1% to $2.40
Q2 2026 AFFO was $247.9 million, up 10.1%; adjusted EBITDA was $303.4 million, up 9.0%
Six-month net income fell 9.4% to $266.5 million, mainly because of a $67.8 million gain on the 2025 sale of Vistar Media interest
As of June 30, 2026, total liquidity was $720.2 million
At its May 14, 2026 annual meeting, Lamar Advertising stockholders approved all five proposals, including an increase of 2,000,000 shares to the 1996 Equity Incentive Plan and 500,000 shares to the 2019 Employee Stock Purchase Plan. The filing reports the votes but no change in financial results, and the amended plans take effect as described in the filing, with the equity plan effective June 1, 2026.
Equity Incentive Plan share reserve rises from 17,500,000 to 19,500,000 Class A shares, effective June 1, 2026.
Employee Stock Purchase Plan increases by 500,000 Class A shares.
All ten director nominees were elected to serve until the 2027 Annual Meeting, including Nancy Fletcher and Elizabeth Thompson.
Stockholders ratified KPMG LLP as independent auditor for fiscal 2026 with 224,470,869.49 votes for.
Lamar Advertising reported first-quarter 2026 net revenues of $528.0 million, up 4.5%, and adjusted EBITDA of $226.3 million, up 7.7%. Net income fell 26.9% to $101.8 million, mainly because the prior-year period included a $67.7 million gain on the sale of its Vistar Media stake, while diluted AFFO per share rose 7.5% to $1.72.
Net revenues were $528.0 million, up 4.5% from $505.4 million a year earlier.
Net income was $101.8 million, or $1.00 per diluted share, versus $139.2 million, or $1.35 per diluted share, in Q1 2025.
Diluted AFFO per share was $1.72 versus $1.60; the CEO said pacings point to the top end of previously provided full-year AFFO per share guidance.
As of March 31, 2026, total liquidity was $701.5 million; after quarter end, the company paid down $40.0 million on its revolving credit facility.
Lamar Advertising reported fourth-quarter and full-year 2025 results on February 20, 2026, with net revenues up 2.8% in the quarter and 2.7% for the year. Quarterly net income rose from a year-earlier loss, but the comparison is distorted by a $159.7 million asset retirement obligation charge recorded in the 2024 period, and full-year free cash flow fell 5.3%. The company guided 2026 diluted earnings per share to $5.72 to $5.83 and diluted AFFO per share to $8.50 to $8.70.
Q4 2025 net revenues were $595.9 million, up 2.8% from $579.6 million; net income was $154.7 million versus a net loss of $1.0 million a year earlier
Full-year 2025 net revenues were $2.27 billion, up 2.7%; diluted EPS was $5.77 versus $3.52, helped by a $68.6 million gain on the sale of its Vistar Media stake
Full-year 2025 free cash flow was $696.6 million, down 5.3%; Q4 diluted AFFO per share rose 1.4% to $2.24
2026 guidance: diluted EPS of $5.72 to $5.83 and diluted AFFO per share of $8.50 to $8.70
Lamar Advertising reported third-quarter 2025 net revenues of $585.5 million, up 3.8% from a year earlier, while net income fell 2.5% to $144.1 million and diluted EPS was $1.40 versus $1.44. The company said it is on track to meet its revised full-year diluted AFFO per share guidance, but the filing does not state the revised figures. Nine-month net income rose 20.4%, mainly due to a $68.6 million gain on the sale of its Vistar Media stake.
Q3 net revenues were $585.5 million versus $564.1 million, up 3.8%; acquisition-adjusted net revenue rose 2.9%.
Q3 net income was $144.1 million, down from $147.8 million; diluted EPS was $1.40 versus $1.44.
Q3 adjusted EBITDA was $280.8 million, up 3.5%; diluted AFFO per share was $2.20, up 2.3%.
On September 23 and 25, 2025, Lamar Media completed a $700.0 million Term B Loan and $400.0 million 5 3/8% Senior Notes due 2033; total liquidity was $834.2 million at September 30, 2025.
Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising, sold $400.0 million of 5.375% Senior Notes due 2033 in a private placement completed September 25, 2025, with net proceeds of about $393.5 million. The notes add new long-term debt, and the indenture contains covenants limiting additional debt, liens, asset sales and restricted payments.
Principal of $400.0 million; notes mature November 1, 2033 and pay 5.375% interest semi-annually, starting May 1, 2026
Net proceeds to Lamar Media of approximately $393.5 million
Lamar Media may redeem up to 40% before November 1, 2028 at 105.375% of principal using certain public equity offering proceeds
Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising, entered Amendment No. 5 to its credit agreement on September 23, 2025, and borrowed all $700.0 million of new Term B Loans that day. Proceeds repaid $600.0 million of existing Term B Loans, with the remainder used to pay down part of the revolving credit facility. The filing does not state any change in overall borrowing capacity, and the loans mature on September 23, 2032.
Lamar Media borrowed $700.0 million in Term B Loans on September 23, 2025
$600.0 million of existing Term B Loans were repaid, with the remainder used to reduce the revolving credit facility balance
Term SOFR loans bear interest at Adjusted Term SOFR plus 1.50%; base rate loans at Adjusted Base Rate plus 0.50%
Loans mature September 23, 2032; other credit agreement terms are unchanged
Lamar Advertising reported second-quarter 2025 net revenues of $579.3 million, up 2.5%, and net income of $155.0 million, up 12.7%. The company lowered its full-year 2025 diluted AFFO per share guidance to $8.10 to $8.20 from $8.13 to $8.28, with CEO Sean Reilly citing expected revenue growth in the second half that may be smaller than anticipated at the start of the year.
Q2 2025 net revenues were $579.3 million versus $565.3 million in Q2 2024; diluted EPS was $1.52 versus $1.34
Full-year 2025 diluted AFFO per share guidance revised to $8.10 to $8.20 from $8.13 to $8.28
Q2 2025 cash flow from operations fell $26.9 million to $229.5 million; free cash flow was $199.1 million, down 2.2%
Total liquidity was $363.0 million as of June 30, 2025
Lamar Advertising reported first-quarter 2025 net revenues of $505.4 million, up 1.5%, and net income of $139.2 million, up 77.4%. The net income increase was primarily due to a $67.7 million gain on the sale of its equity interest in Vistar Media, while adjusted EBITDA slipped 0.8% to $210.2 million. Management said it remains on track to reach its previously provided full-year diluted AFFO per share guidance.
Net revenues were $505.4 million, up 1.5% from $498.2 million a year earlier
Net income was $139.2 million, including a $67.7 million gain on the sale of the Vistar Media stake
Adjusted EBITDA was $210.2 million, down 0.8%; diluted AFFO per share rose 3.9% to $1.60
In April 2025 the company repurchased shares for $131.6 million; $100.0 million remains under its current authorization
Lamar Advertising reported fourth-quarter 2024 net revenue of $579.6 million, up 4.3%, but a net loss of $1.0 million, or $(0.01) per diluted share, after a $159.7 million revision to its asset retirement obligation. For the full year, net revenue rose 4.6% to $2.21 billion, while net income fell 26.9% to $362.9 million; the company also set 2025 diluted AFFO per share guidance of $8.13 to $8.28.
Q4 2024 net revenue $579.6 million, up 4.3%; net loss $1.0 million versus net income of $149.3 million a year earlier
Full-year 2024 diluted AFFO per share $7.99, up 7.0% and above the top end of revised guidance
2025 guidance: diluted EPS $6.01 to $6.07 and diluted AFFO per share $8.13 to $8.28
Proceeds of $115.1 million from the February 3, 2025 sale of its 20% stake in Vistar Media repaid part of the revolving credit facility
Lamar Advertising reported third-quarter 2024 results on November 8, 2024, with net revenues up 4.0% to $564.1 million and net income up 5.3% to $147.8 million. The company raised its full-year 2024 diluted AFFO per share guidance to $7.85 to $7.95, saying fourth-quarter revenue growth is pacing ahead of the third quarter, while operating income fell $1.6 million year over year to $186.6 million.
Q3 2024 net revenues were $564.1 million, up 4.0% from $542.6 million in Q3 2023.
Diluted EPS was $1.44 versus $1.37 a year earlier; diluted AFFO per share rose 5.4% to $2.15.
Full-year 2024 diluted AFFO per share guidance raised to $7.85 to $7.95; diluted EPS expected at $4.97 to $4.99.
Operating income declined $1.6 million to $186.6 million; the company cited elevated expenses, which it expects to correct in Q4.
Lamar Media Corp., a subsidiary of Lamar Advertising, amended its accounts receivable securitization program with PNC Bank, extending the maturity to October 15, 2027. The program's maturity could be accelerated to an earlier springing maturity date if certain Term Loan B and liquidity conditions are not met. The filing describes a financing agreement amendment and does not state any change to reported results.
Amendment dated October 15, 2024 extends the accounts receivable securitization program maturity to October 15, 2027.
Springing maturity applies if Term Loan B facility maturity, currently February 6, 2027, and liquidity tests are not met on the test date 91 days before that maturity.
Term Loan B facility is $600.0 million; revolving credit facility is $750.0 million with a current maturity of July 31, 2028.
PNC Bank, National Association is administrative agent and a lender, and receives customary fees.
Lamar Advertising reported second-quarter 2024 results, with net revenue up 4.5% to $565.3 million and net income up to $137.6 million from $130.9 million a year earlier. Management said it continues to pace at the top end of its full-year diluted AFFO per share guidance of $7.75 to $7.90, and the company also disclosed a new at-the-market equity offering agreement of up to $400.0 million.
Q2 2024 net revenue was $565.3 million, up 4.5% from $541.1 million; diluted EPS was $1.34 versus $1.28
Diluted AFFO per share rose 9.5% to $2.08; management said it is pacing at the top end of the $7.75 to $7.90 full-year guidance
As of June 30, 2024, total liquidity was $744.3 million, including $77.9 million in cash
On July 24, 2024, Lamar entered an at-the-market offering agreement for up to $400.0 million of Class A common stock
Lamar Advertising entered a July 24, 2024 equity distribution agreement allowing it to sell up to $400.0 million of Class A common stock through five sales agents over time. The company is not obligated to sell any shares and says proceeds, if any, would go to general corporate purposes such as debt repayment and acquisitions, so the program could dilute existing shareholders if used.
Agreement dated July 24, 2024 allows sales of up to $400.0 million of Class A common stock
Sales agents include J.P. Morgan Securities, Wells Fargo Securities, Truist Securities, SMBC Nikko Securities America and Scotia Capital (USA)
Agents receive commissions of up to 2.0% of gross sales price; the company has no obligation to sell any shares
Shares offered under shelf registration Form S-3 (File No. 333-280976) filed July 24, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lamar Advertising filing is on SEC EDGAR ↗. 8-K briefs of other companies →