LAMR — what changed in the latest 10-Q
A section-by-section comparison of LAMR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −1 | ~64 | 50 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 2 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Three months ended June 30, 2026 compared to three months ended June 30, 2025
Net revenues increased $37.4 million or 6.5% to $616.7 million for the three months ended June 30, 2026 from $579.3 million for the same period in 2025. This increase was primarily attributable to an increase in billboard net revenues of $40.0 million and an increase in logo net revenues of $0.2 mil…
For the three months ended June 30, 2026, there was a $35.7 million increase in net revenues as compared to acquisition-adjusted net revenues for the three months ended June 30, 2025, which represents an increase of 6.1%. See "Reconciliations" below. The $35.7 million increase in net revenues is pri…
Total operating expenses, exclusive of depreciation and amortization and gain on disposition of assets and investments, increased $19.3 million, or 6.3%, to $327.0 million for the three months ended June 30, 2026 from $307.7 million for the same period in 2025. The $19.3 million increase over the pr…
Depreciation and amortization expense increased $6.3 million to $84.4 million for the three months ended June 30, 2026 as compared to $78.1 million for the same period in 2025, primarily related to acquisitions and capital expenditures completed in the last twelve months.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
As of March 31, 2026, the aggregate balance outstanding under the senior credit facility was $780.0 million, consisting of $700.0 million in Term B loans aggregate principal balance and $80.0 million in outstanding borrowings under our revolving credit facility. Lamar Media had approximately $662.2 …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice