LAMRLamar Advertising Company

$14B

Q4 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$556M+3.8% YoY

Gross Profit

$375M67.4% margin

Operating Income

$192M34.5% margin

Net Income

$149M26.8% margin

EPS (Diluted)

$1.46

QoQ Revenue Growth

+2.5%

Cash Flow

Operating Cash Flow

$254M

Free Cash Flow

$208M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$5.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$556M	$536M	+3.8%
Gross Profit	$375M	$362M	+3.5%
Operating Income	$192M	$110M	+74.2%
Net Income	$149M	$66M	+125.5%

LAMR Q4 2023 Earnings — Lamar Advertising Company Revenue & Financial Results | Market Cap Arena