LAMR Q3 2023 Earnings — Lamar Advertising Company Revenue & Financial Results | Market Cap Arena

LAMRLamar Advertising Company

$14B

Q3 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$543M+2.9% YoY

Gross Profit

$367M67.7% margin

Operating Income

$188M34.7% margin

Net Income

$140M25.8% margin

EPS (Diluted)

$1.37

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$223M

Free Cash Flow

$183M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$5.4B

Stockholders' Equity

$1.2B

Cash & Equivalents

$39M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$543M	$527M	+2.9%
Gross Profit	$367M	$358M	+2.5%
Operating Income	$188M	$181M	+3.9%
Net Income	$140M	$146M	-4.2%

Revenue Segments

Billboard Advertising

$484M89%

Transit Advertising

$38M7%

Logo Advertising

$20M4%