LAMR Q1 2023 Earnings — Lamar Advertising Company Revenue & Financial Results | Market Cap Arena

LAMRLamar Advertising Company

$14B

Q1 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$471M+4.4% YoY

Gross Profit

$303M64.3% margin

Operating Income

$119M25.2% margin

Net Income

$76M16.1% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

-12.0%

Cash Flow

Operating Cash Flow

$109M

Free Cash Flow

$66M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$5.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$34M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$471M	$451M	+4.4%
Gross Profit	$303M	$294M	+3.2%
Operating Income	$119M	$120M	-1.4%
Net Income	$76M	$92M	-17.5%

Revenue Segments

Billboard Advertising

$417M89%

Transit Advertising

$34M7%

Logo Advertising

$20M4%