Lamar Advertising Company (NASDAQ:LAMR) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET

Company Participants

Sean Reilly - Chief Executive Officer

Jay Johnson - Chief Financial Officer

Conference Call Participants

Benjamin Swinburne - Morgan Stanley

Jason Bazinet - Citi

Richard Choe - JPMorgan

Operator

Excuse me, everyone. We now have Sean Reilly and Jay Johnson in conference. Please be aware that each of your lines are now in listen-only mode. At the conclusion of the company's presentation, we will open the floor for questions. At the course -- 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 the distribution of 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, which many of which are beyond Lamar's control and which may cause actual results to differ materially from the 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 2022 earnings release and its most recent annual report on Form 10-K. Lamar refers you to these documents. Lamar's second 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 at Lamar website, www.lamar.com. I would now like to turn the conference over to Sean Reilly. Mr. Reilly, you may now begin.

Sean Reilly

Thank you, Carla. Good morning, everyone, and welcome to Lamar's Q2 2022 earnings call. Let me start by saying our business remains on solid footing. We were extremely pleased with our second quarter results, which were even stronger than we had anticipated, and our bookings for the balance of 2022 remain encouraging. As a result, as we noted in the release, we are pacing towards the top end of our previously provided guidance for full-year AFFO per share. Certainly, we're aware of the general macroeconomic concern out there. But apart from notes of caution around a few national accounts, we are not presently seeing signs of a slowdown in our book. That's not to say we will not. But for now, we are still feeling very good about the back half of 2022.