Lamar Advertising (NASDAQ: LAMR) reported Q4 EPS of $1.02, $0.08 worse than the analyst estimate of $1.10. Revenue for the quarter came in at $462.7 million versus the consensus estimate of $464.63 million.

Three Month Results

• Net revenue increased 8.1% to $462.7 million
• Net income increased $7.1 million to $102.8 million
• Adjusted EBITDA increased 10.4% to $215.6 million

“Looking back on 2019, we had a solid year on both the top and bottom lines, enabling us to finish near the top of our guidance for full year Diluted AFFO per share,” CEO Sean Reilly said. “Looking forward to 2020, our coast-to-coast platform, expanding digital footprint and best-in-class balance sheet, coupled with robust fundamentals in the out-of-home industry, have us well positioned for futher growth in sales, EBITDA and Diluted AFFO per share.”

GUIDANCE:

Lamar Advertising sees FY2020 EPS of $3.55-$3.69, versus the consensus of $3.65.

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