LAMR Q1 2024 Earnings — Lamar Advertising Company Revenue & Financial Results | Market Cap Arena

LAMRLamar Advertising Company

$14B

Q1 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$498M+5.7% YoY

Gross Profit

$323M64.7% margin

Operating Income

$125M25.0% margin

Net Income

$78M15.7% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-10.4%

Cash Flow

Operating Cash Flow

$111M

Free Cash Flow

$81M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$5.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$498M	$471M	+5.7%
Gross Profit	$323M	$303M	+6.5%
Operating Income	$125M	$119M	+4.9%
Net Income	$78M	$76M	+2.9%

Revenue Segments

Billboard Advertising

$439M88%

Transit Advertising

$38M8%

Logo Advertising

$21M4%