Lamar Advertising Q2 revenue rises 4.5% to $565.3 million; net income $137.6 million
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.