Every 10-Q that Lamar Advertising Co (LAMR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LAMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LAMR filings page.
Lamar Advertising Company and its subsidiary Lamar Media Corp. report modest top-line growth with stable profitability for the quarter and first half of 2026. Net revenues rose to $616.7 million for the quarter and $1.14 billion for the first half, driven mainly by billboard advertising, which contributed over $1.02 billion year-to-date.
For the first six months of 2026, net income was $266.5 million and adjusted EBITDA was $529.7 million, reflecting strong cash generation. Cash provided by operating activities reached $399.8 million, supporting $101.9 million of outdoor advertising asset acquisitions and $75.9 million of capital expenditures.
The company maintains a sizeable but managed debt load, with total debt of about $3.54 billion and access to liquidity through a $750 million revolving credit facility and a $250 million Accounts Receivable Securitization Program. As a REIT, Lamar continued returning capital, paying common dividends of $3.20 per share in the first half while remaining in compliance with all debt covenants.
Lamar Advertising Company reported net revenues of $528.0 million for the three months ended March 31, 2026, up 4.5% from $505.4 million a year earlier. Growth was driven mainly by billboard revenue, which increased to $468.6 million from $444.9 million, with logo revenue also higher and transit slightly lower.
Adjusted EBITDA rose to $226.3 million from $210.2 million, reflecting higher advertising volumes and modest cost growth. GAAP net income declined to $101.8 million from $139.2 million, primarily because the prior year included a much larger gain on the sale of an equity interest in Vistar Media. Diluted earnings per share were $1.00 versus $1.35.
The company invested $33.1 million in capital expenditures and approximately $58.6 million on acquisitions in the quarter, while paying common dividends of $1.60 per share and preferred dividends of $15.95 per share. Long-term debt, including current maturities and net of deferred financing costs, was $3.50 billion, and operating cash flow was $147.4 million.
Lamar Advertising Company reported Q3 results with steady top-line growth and active portfolio expansion. Net revenues were $585,541 for the quarter, up from $564,135 a year ago. Quarterly net income was $144,075 and diluted EPS was $1.40. The company declared a common dividend of $1.55 per share.
By category, Q3 billboard advertising reached $524,769 (from $502,587), logo advertising was $22,195 (from $20,698), and transit advertising was $38,577 (from $40,850). Year‑to‑date, net revenues were $1,670,282 and net income was $438,320, helped by a $76,116 gain on disposition of assets and investments. Cash flow from operations for the nine months was $592,889.
Lamar completed over 30 asset acquisitions for $133,894 in cash and acquired Verde Outdoor on July 2, 2025 for $147,642 via 1,187,500 Lamar LP Common Units, adding more than 1,500 billboard faces across ten states. Long‑term debt, net, was $3,168,713 as of September 30, 2025. On September 23, 2025, Lamar Media established $700,000 in Term B loans and had $742,222 of availability under its $750,000 revolving credit facility. The Accounts Receivable Securitization Program had $180,000 outstanding and is extended to October 15, 2027.
Lamar Advertising (LAMR) Q2-25 10-Q highlights:
- Revenue: $579.3 m, up 2.5% YoY; six-month revenue $1.085 bn, up 2.0%.
- Profitability: Net income rose 12.7% to $155.0 m; diluted EPS $1.52 vs $1.34. Six-month EPS $2.87 (+36%). Operating margin improved to 34.1% from 32.6%.
- Costs: Interest expense fell 8% YoY to $40.7 m; depreciation & amortization up 1.2% to $78.1 m.
- Cash flow: YTD operating cash flow $357.2 m (-3%); capex $68.1 m; acquisitions $87.1 m.
- Balance sheet: Cash $55.7 m; total debt $3.38 bn (up $150 m YTD); leverage well inside covenant (secured debt ratio <4.5×).
- Shareholder returns: Common dividends raised to $1.55/sh (vs $1.30); YTD payout $3.10/sh. Repurchased 1.45 m shares for $157.9 m.
- Strategic transaction: Sold 20% stake in Vistar Media to T-Mobile, recording a $67.8 m pre-tax gain and $115.1 m cash proceeds.
Overall, modest top-line growth, efficiency gains and the Vistar windfall drove double-digit EPS growth despite higher dividends and buybacks. Debt increased but liquidity remains solid with $307 m undrawn on the revolver.