LAMR Q2 2023 Earnings — Lamar Advertising Company Revenue & Financial Results | Market Cap Arena

LAMRLamar Advertising Company

$14B

Q2 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$541M+4.5% YoY

Gross Profit

$369M68.3% margin

Operating Income

$177M32.7% margin

Net Income

$131M24.1% margin

EPS (Diluted)

$1.28

QoQ Revenue Growth

+14.8%

Cash Flow

Operating Cash Flow

$198M

Free Cash Flow

$147M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$5.4B

Stockholders' Equity

$1.2B

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$541M	$518M	+4.5%
Gross Profit	$369M	$351M	+5.2%
Operating Income	$177M	$167M	+6.2%
Net Income	$131M	$134M	-2.7%

Revenue Segments

Billboard Advertising

$483M89%

Transit Advertising

$37M7%

Logo Advertising

$21M4%