Lamar Advertising Company (LAMR) reported third quarter funds from operations, or FFO, of $214.0 million versus $210.0 million for the same period in 2023, an increase of 1.9%. Adjusted funds from operations, or AFFO, was $220.7 million compared to $208.8 million, an increase of 5.7%. AFFO per share increased 5.4% to $2.15 from $2.04.
Net income was $147.8 million for the third quarter compared to $140.4 million for the same period in 2023. Net income per share was $1.44 compared to $1.37.
On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $1.45, for the quarter. Analysts' estimates typically exclude special items.
Net revenues were $564.1 million for the third quarter versus $542.6 million for the third quarter of 2023, a 4.0% increase. Acquisition-adjusted net revenue for the third quarter of 2024 increased 3.6%. Analysts on average had estimated $593.83 million in revenue.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.