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AI brief of an SEC Form 8-K · Lamar Advertising (LAMR)

Lamar Advertising Q3 revenue rises 4.0% to $564.1 million; raises AFFO per share guidance

Positive Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyLamar Advertising (LAMR)
Form8-K, current report
Filed with the SECNov 8, 2024, 6:57 AM ET
Accession number0001628280-24-046495

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 November 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.