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Lamar Advertising’s (LAMR) CEO Sean Reilly on Q2 2017 Results – Earnings Call Transcript

Lamar Advertising Co. (NASDAQ:LAMR)

Q2 2017 Results Earnings Conference Call

August 08, 2017 09:00 AM ET


Sean Reilly – CEO

Keith Istre – Treasurer and CFO


Marci Ryvicker – Wells Fargo

Alexia Quadrani – JP Morgan

David Miller – Loop Capital Markets

Ben Swinburne – Morgan Stanley


Excuse me, everyone. We now have Mr. Sean Reilly and Mr. Keith Istre 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 of and timing of any distributions to stockholders. 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 second quarter 2017 earnings release and its most recent annual report on Form 10-K, as updated or supplemented by its quarterly reports on Form 10-Q. Lamar refers you to those documents.

Lamar’s second quarter 2017 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 at

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

Sean Reilly

Thank you, David, and good morning, all, and welcome to Lamar’s Q2 earnings call. As we mentioned in the release, Q2 came in largely as expected, and our team did a great job keeping expenses down.

Unfortunately, though, business activity slowed somewhat in June and July, and pacings now indicate flat to slightly up Q3 pro forma revenue growth. In light of the…

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