Quarterly ResultMay 7, 2026, 06:02 AM
Lamar Advertising Q1 Diluted AFFO Per Share $1.72; Net Revenues $528.0M
AI Summary
Lamar Advertising reported strong first-quarter 2026 results, with diluted AFFO per share increasing 7.5% to $1.72 and net revenues rising 4.5% to $528.0 million. Adjusted EBITDA grew 7.7% to $226.3 million, and AFFO increased 8.0% to $177.5 million. Net income decreased 26.9% to $101.8 million, primarily due to a significant gain from a divestment in the prior year. The company's CEO noted strong demand from local and national customers, with results surpassing internal forecasts and trending towards the top end of full-year AFFO guidance.
Key Highlights
- Diluted AFFO per share increased 7.5% to $1.72 for Q1 2026.
- Net revenues rose 4.5% to $528.0 million in Q1 2026.
- Adjusted EBITDA increased 7.7% to $226.3 million for Q1 2026.
- AFFO grew 8.0% to $177.5 million in Q1 2026.
- Net income decreased 26.9% to $101.8 million, impacted by a prior-year gain.
- Cash flow provided by operating activities increased to $147.4 million.
- Free cash flow increased 25.8% to $152.4 million for Q1 2026.
- Total liquidity as of March 31, 2026, was $701.5 million.