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Lamar Advertising (LAMR) guidance and outlook
Lamar Advertising (LAMR) raised its guidance on Nov 5, 2026: FFO per share $8.87–$8.97 for FY2026; EPS $6.01–$6.04 for FY2026. Lamar Advertising's 10-Q filed Nov 5, 2026 makes 11 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| FFO per share | FY2026 | $8.87–$8.97 | raised |
| EPS | FY2026 | $6.01–$6.04 | raised |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- The Company has financed its historical acquisitions and intends to finance any future acquisition activity from available cash, borrowings under the senior credit facility and the Accounts Receivable Securitization Program or through the issuance of debt or equity securities.
- We expect our total liquidity to be adequate for the Company to meet its operational requirements for the next twelve months.
- We expect to generate cash flows from operations during 2026 in excess of our cash needs for operations, capital expenditures and dividends, as described herein.
- The Company intends to use the net proceeds, if any, from the sale of the Class A common stock pursuant to the 2024 Sales Agreement for general corporate purposes, which may include the repayment, refinancing, redemption or repurchase of existing indebtedness, working capital, capital expenditures, acquisition of outdoor advertising assets and businesses and other related investments.
- If the Company or Lamar Media fails to comply with these tests, the lenders under the senior credit facility will be entitled to exercise certain remedies, including the termination of the lending commitments and the acceleration of the debt payments under the senior credit facility.
- We anticipate our 2026 total capital expenditures will be approximately $186.0 million.
- Subject to approval of the Company's Board of Directors, the Company expects aggregate quarterly distributions to stockholders in 2026 will be at least $6.50 per share of common stock, including the dividends paid on March 31, 2026, June 30, 2026, and September 30, 2026.
- Our expected material cash requirements for the twelve months following September 30, 2026 and thereafter are comprised of contractual obligations, required annual distributions and other opportunistic expenditures.
- As part of our capital allocation strategy, we plan to continue to allocate our available capital among investment alternatives that meet our return on investment criteria.
- We will continue to reinvest in our existing assets and expand our outdoor advertising display portfolio through new construction.
- We will also continue to pursue strategic acquisitions of outdoor advertising businesses and assets.
Lamar Advertising's latest quarter
Lamar Advertising, Q3 2026: revenue $624M (+7% year over year), operating margin 33.5%, net earnings $162M, operating cash flow $284M. The chart follows the revenue to costs, profit and cash.
Questions
Did Lamar Advertising raise or lower its guidance?
Lamar Advertising (LAMR) raised its guidance on Nov 5, 2026: FFO per share $8.87–$8.97 for FY2026; EPS $6.01–$6.04 for FY2026.
What does Lamar Advertising expect?
The Company has financed its historical acquisitions and intends to finance any future acquisition activity from available cash, borrowings under the senior credit facility and the Accounts Receivable Securitization Program or through the issuance of debt or equity securities. We expect our total liquidity to be adequate for the Company to meet its operational requirements for the next twelve months. We expect to generate cash flows from operations during 2026 in excess of our cash needs for operations, capital expenditures and dividends, as described herein.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.