Lamar Advertising Company (LAMR) Q3 2022 Earnings Call Transcript

Nov. 04, 2022 3:12 PM ETLamar Advertising Company (LAMR)
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Lamar Advertising Company (NASDAQ:LAMR) Q3 2022 Earnings Conference Call November 4, 2022 9:00 AM ET

Company Participants

Sean Reilly - Chief Executive Officer

Jay Johnson - Chief Financial Officer

Conference Call Participants

Richard Choe - JPMorgan


Good evening, everyone. [Operator Instructions] Excuse me, everyone. we now have Sean Reilly and Jay Johnson in conference. [Operator Instructions]

In the course of this discussion, Lamar may make forward-looking statements regarding the company, including statements about its future financial performance, strategic goals, plans and objectives, including with respect to the amount and timing of any distributions to stockholders and the impacts and effects of general economic conditions, including inflationary pressures on the company's business, financial condition and results of operations. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond Lamar's control, and which may cause actual results to differ materially from anticipated results. Lamar has identified important factors that could cause actual results to differ materially from those discussed in this call in the company's third quarter 2022 earnings release, and its most recent annual report on Form 10-K. Lamar refers you to those documents.

Lamar's third quarter 2022 earnings release, which contains information required by Regulation G regarding certain non-GAAP financial measures, was furnished to the SEC on a Form 8-K this morning and is available on the Investors section of Lamar's website,

I would now like to turn the conference over to Sean Reilly. Mr. Reilly, you may begin.

Sean Reilly

Thanks, Todd. Good morning, and Welcome to Lamar's Q3 2022 Earnings Call. As you saw in the release, our third quarter unfolded largely as expected against a strong Q3 2021 comp. We had positive results across most revenue metrics, except one. I will get into the details around that a little later. As I mentioned in the release, the headline pro forma sales growth

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