Lamar Advertising Co. (NASDAQ:LAMR) reported its quarterly results on Friday.
The company reported quarterly net revenue growth of 2.8% year over year (Y/Y) to $595.93 million, topping the analyst consensus estimate of $592.45 million.
The quarterly operating income increased to $196.1 million from $36.7 million Y/Y.
The company reported a quarterly EPS of $1.50, missing the analyst consensus estimate of $1.51.
Adjusted EBITDA for the quarter rose 3.7% Y/Y to $288.87 million.
The company generated $271.2 million in operating cash flow for the quarter, down from $279.3 million Y/Y.
Free cash flow for the quarter stood at $187.1 million, down from $195.6 million Y/Y.
Diluted AFFO per share increased to $2.24 from $2.21 Y/Y.
Lamar held $64.8 million in cash and equivalents as of December 31, 2025.
CEO Sean Reilly said the company closed 2025 with encouraging sales momentum, delivering fourth-quarter growth in both local and national categories despite difficult political comparisons.
He added that the momentum carried into 2026, with strong pacing for the rest of the year.
Guidance
Lamar expects fiscal 2026 EPS of $5.72-$5.83 (compared to the analyst consensus estimate of $5.75), with diluted AFFO per share of $8.50-$8.70.
LAMR Price Action: Lamar Advertising stock closed lower by 0.67% at $132.83 on Thursday, according to Benzinga Pro data.
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