Lamar Advertising (LAMR) Reports Q1 AFFO of $0.88

Lamar Advertising (NASDAQ: LAMR) reported Q1 AFFO of $0.88, versus $0.95 reported last year. Revenue for the quarter came in at $346.4 million versus the consensus estimate of $346.76 million.

Three Month Results

• Net revenue increased 2.3% to $346.4 million
• Net income was $41.8 million
• Adjusted EBITDA decreased 1.4% to $128.3 million

Three Month Acquisition-Adjusted Results

• Acquisition-adjusted net revenue increased 1.3%
• Acquisition-adjusted EBITDA decreased 2.1%

For earnings history and earnings-related data on Lamar Advertising (LAMR) click here.

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