Note: EPS may not be comparable

Lamar Advertising (NASDAQ: LAMR) reported Q4 EPS of $0.88, $0.04 better than the analyst estimate of $0.84. Revenue for the quarter came in at $398.5 million versus the consensus estimate of $395.71 million.

Fourth Quarter Highlights

• Net revenue increased 3.0% to $398.5 million
• Net income was $87.2 million, an increase of 8.2%
• Adjusted EBITDA increased 2.7% to $178.4 million
• Consolidated acquisition-adjusted expense growth decreased 0.4%
• FFO increased 10.6%
• AFFO increased 5.3%
• Diluted earnings per share increased to $0.88
• Diluted AFFO per share increased 4.5%
• Closed 11 Acquisitions for an aggregate $177.4 million cash purchase price

Guidance

We expect Diluted AFFO per share for fiscal year 2018 will be between $5.15 and $5.30, representing growth of approximately 2.0% to 5.0% over 2017, with net income per diluted share expected to be between $2.96 and $3.11. See “Supplemental Schedules and Unaudited Reconciliations of Non-GAAP Measures”, for a reconciliation to GAAP.

GUIDANCE:

Lamar Advertising sees FY2018 EPS of $2.96-$3.11, versus the consensus of $3.31.

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