LAMAR ADVERTISING CO/NEW

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

LAMR$163.40+2.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Stockholders’ Equity for the

Condensed Consolidated Statements of Stockholders’ Equity

	Series AAPREFStock	Class ACMNStock	Class BCMNStock	TreasuryStock	Add’lPaid inCapital	Accumulated ComprehensiveLoss	AccumulatedDeficit	Non-controlling interest	Total
Balance, December 31, 2024	$—	$89	$14	$(72,688)	$2,159,292	$(2,954)	$(1,036,582)	$849	$1,048,020
Non-cash compensation	—	—	—	—	3,993	—	—	—	3,993
Issuance of 168,450 shares of common stock through stock awards	—	—	—	—	22,235	—	—	—	22,235
Exercise of 6,950 shares of stock options	—	—	—	—	411	—	—	—	411
Issuance of 42,204 shares of common stock through employee purchase plan	—	—	—	—	4,082	—	—	—	4,082
Purchase of 224,572 shares of treasury stock	—	—	—	(26,368)	—	—	—	—	(26,368)
Foreign currency translation	—	—	—	—	—	(321)	—	—	(321)
Net income	—	—	—	—	—	—	138,755	474	139,229
Reallocation of capital	—	—	—	—	(826)	—	—	826	—
Dividends ($1.55 per common share) and other distributions	—	—	—	—	—	—	(159,067)	(553)	(159,620)
Dividends ($15.95 per preferred share)	—	—	—	—	—	—	(91)	—	(91)
Balance, March 31, 2025	$—	$89	$14	$(99,056)	$2,189,187	$(3,275)	$(1,056,985)	$1,596	$1,031,570
Non-cash compensation	—	—	—	—	3,622	—	—	—	3,622
Issuance of 6,463 shares of common stock through stock awards	—	—	—	—	667	—	—	—	667
Exercise of 17,150 shares of stock options	—	—	—	—	1,200	—	—	—	1,200
Issuance of 28,598 shares of common stock through employee purchase plan	—	—	—	—	2,942	—	—	—	2,942
Purchase of 1,223,562 shares of treasury stock	—	—	—	(131,553)	—	—	—	—	(131,553)
Foreign currency translation	—	—	—	—	—	1,017	—	—	1,017
Net income	—	—	—	—	—	—	154,355	661	155,016
Dividends ($1.55 per common share) and other distributions	—	—	—	—	—	—	(157,065)	(442)	(157,507)
Dividends ($15.95 per preferred share)	—	—	—	—	—	—	(91)	—	(91)
Balance, June 30, 2025	$—	$89	$14	$(230,609)	$2,197,618	$(2,258)	$(1,059,786)	$1,815	$906,883
Non-cash compensation	—	—	—	—	3,869	—	—	—	3,869
Exercise of 14,550 shares of stock options	—	—	—	—	1,384	—	—	—	1,384
Issuance of 28,343 shares of common stock through employee purchase plan	—	—	—	—	2,949	—	—	—	2,949
Issuance of 22,000 shares of common stock through redemption of Common Units of Lamar Advertising Limited Partnership	—	—	—	—	164	—	—	(164)	—
Foreign currency translation	—	—	—	—	—	(663)	—	(9)	(672)
Net income	—	—	—	—	—	—	141,753	2,322	144,075
Verde Outdoor acquisition	—	—	—	—	135,520	36	—	12,086	147,642
Dividends ($1.55 per common share) and other distributions	—	—	—	—	—	—	(157,335)	(2,964)	(160,299)
Dividends ($15.95 per preferred share)	—	—	—	—	—	—	(91)	—	(91)
Balance, September 30, 2025	$—	$89	$14	$(230,609)	$2,341,504	$(2,885)	$(1,075,459)	$13,086	$1,045,740

Condensed Consolidated Statements of Stockholders’ Equity

	Series AAPREFStock	Class ACMNStock	Class BCMNStock	TreasuryStock	Add’lPaid inCapital	AccumulatedComprehensiveLoss	AccumulatedDeficit	Non-controlling interest	Total
Balance, December 31, 2023	$—	$88	$14	$(67,347)	$2,103,282	$(428)	$(819,235)	$414	$1,216,788
Non-cash compensation	—	—	—	—	2,745	—	—	—	2,745
Issuance of 137,350 shares of common stock through stock awards	—	1	—	—	17,868	—	—	—	17,869
Exercise of 47,000 shares of stock options	—	—	—	—	3,415	—	—	—	3,415
Issuance of 40,322 shares of common stock through employee purchase plan	—	—	—	—	3,652	—	—	—	3,652
Purchase of 49,623 shares of treasury stock	—	—	—	(5,341)	—	—	—	—	(5,341)
Foreign currency translation	—	—	—	—	—	(392)	—	—	(392)
Net income	—	—	—	—	—	—	78,224	275	78,499
Reallocation of capital	—	—	—	—	(1,018)	—	—	1,018	—
Dividends ($1.30 per common share) and other distributions	—	—	—	—	—	—	(133,028)	(479)	(133,507)
Dividends ($15.95 per preferred share)	—	—	—	—	—	—	(91)	—	(91)
Balance, March 31, 2024	$—	$89	$14	$(72,688)	$2,129,944	$(820)	$(874,130)	$1,228	$1,183,637
Non-cash compensation	—	—	—	—	5,821	—	—	—	5,821
Issuance of 5,652 shares of common stock through stock awards	—	—	—	—	774	—	—	—	774
Exercise of 18,475 shares of stock options	—	—	—	—	1,690	—	—	—	1,690
Issuance of 30,337 shares of common stock through employee purchase plan	—	—	—	—	2,748	—	—	—	2,748
Foreign currency translation	—	—	—	—	—	(431)	—	—	(431)
Net income	—	—	—	—	—	—	137,366	228	137,594
Dividends ($1.30 per common share) and other distributions	—	—	—	—	—	—	(133,116)	(217)	(133,333)
Dividends ($15.95 per preferred share)	—	—	—	—	—	—	(91)	—	(91)
Balance, June 30, 2024	$—	$89	$14	$(72,688)	$2,140,977	$(1,251)	$(869,971)	$1,239	$1,198,409
Non-cash compensation	—	—	—	—	5,520	—	—	—	5,520
Exercise of 34,850 shares of stock options	—	—	—	—	2,891	—	—	—	2,891
Issuance of 27,799 shares of common stock through employee purchase plan	—	—	—	—	2,788	—	—	—	2,788
Foreign currency translation	—	—	—	—	—	37	—	—	37
Net income	—	—	—	—	—	—	147,476	346	147,822
Dividends ($1.40 per common share) and other distributions	—	—	—	—	—	—	(143,491)	(940)	(144,431)
Dividends ($15.95 per preferred share)	—	—	—	—	—	—	(91)	—	(91)
Balance, September 30, 2024	$—	$89	$14	$(72,688)	$2,152,176	$(1,214)	$(866,077)	$645	$1,212,945

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.