1. home
  2. #tags
  3. Income

Discover Latest #Income News, Articles and Videos with Contenting

Income News Income news can be found online in a variety of sources. Many newspapers and magazines are now offering online versions of their publications, which include articles on income and taxes. In addition, there are many websites dedicated to providing news and updates on income and taxes. These websites can provide up to date information on changes in the tax code, new tax deductions and credits, and other important topics related to income and taxes. Articles In addition to news stories, there are many articles about income and taxes available online. These articles can provide detailed information about income and taxes and provide advice on how to maximize deductions and credits. Many articles also explain the different types of income and how they are taxed. Videos There are also videos available online that explain income and taxes. These videos can provide an overview of the different types of income and how they are taxed, as well as provide tips on how to maximize deductions and credits. These videos can be helpful to those who are unfamiliar with income and taxes, or those who need a refresher on the subject.

Prestige Consumer Healthcare Inc. Reports Record Fiscal 2025 Revenue and Earnings - ForexTV

Revenue of $296.5 million in Q4 and $1,137.8 million in fiscal 2025Organic revenue grew 7.9% in Q4 and 1.2% in fiscal 2025Diluted EPS of $4.29 in fiscal 2025; Adjusted fiscal 2025 Diluted EPS of $4.52 grew 7.4% versus adjusted prior yearReduced leverage to 2.4x at year-end driven by strong free cash flow and EBITDA growthInitial fiscal 2026 organic revenue growth and Diluted EPS outlook of approximately 1% to 2% and $4.70 to $4.82, respectively TARRYTOWN, N.Y., May 08, 2025 (GLOBE NEWSWIRE) --  Prestige Consumer Healthcare Inc. (NYSE:PBH) today reported financial results for its fourth quarter and fiscal year ended March 31, 2025. “We are very pleased with our fiscal year results, which delivered another year of consistent sales and earnings per share growth. The record fourth quarter sales performance exceeded our expectations, driven by continued International business strength, growth in a wide range of categories and brands in North America, and the success of the eCommerce channel thanks to our long-term investments and broad distribution. The resulting earnings growth translated into strong free cash flow which amplified shareholder returns through a continued disciplined capital allocation approach that included share repurchases, M&A, and deleveraging in the fiscal year,” said Ron Lombardi, Chief Executive Officer of Prestige Consumer Healthcare. Fourth Fiscal Quarter Ended March 31, 2025 Record reported revenues in the fourth quarter of fiscal 2025 of $296.5 million increased 7.0% from $277.0 million in the fourth quarter of fiscal 2024. Revenues increased 7.9% versus the prior fiscal fourth quarter excluding the impact of foreign currency. The revenue performance versus the prior year comparable period reflected broad-based growth across both North America and International business segments. GI and Women’s Health categories experienced the largest dollar growth versus the prior year, led by growth of the Summer’s Eve, Dramamine, and Fleet brands. Reported net income for the fourth quarter of fiscal 2025 was $50.1 million versus the prior year fourth quarter of $49.5 million. Diluted earnings per share of $1.00 for the fourth quarter of fiscal 2025 compared to $0.98 in the prior year comparable period. Non-GAAP adjusted net income for the fourth quarter of fiscal 2025 was $65.9 million and compared to the prior year period’s adjusted net income of $51.4 million. Non-GAAP adjusted diluted earnings per share of $1.32 per share for the fourth quarter of fiscal 2025 compared to $1.02 per share in the prior year comparable period. The adjustments to net income in the fourth quarter of fiscal 2025 and fourth quarter fiscal 2024 each reflects a tax rate adjustment to account for discrete items. Adjustments to net income in the fourth quarter of fiscal 2025 also included non-cash tradename impairments associated with non-strategic intangible assets, driven by a deliberate shift in sales and branding toward other strategic brands within our portfolio, and an associated tax adjustment. Fiscal Year Ended March 31, 2025 Reported revenues for the fiscal year 2025 totaled $1,137.8 million, an increase of 1.1% versus revenues of $1,125.4 million in the prior fiscal year. Revenues increased 1.2% versus the prior fiscal year excluding the impact of foreign currency. The revenue growth for the fiscal year was led by strong growth in the Gastrointestinal category as well as the International OTC segment, partially offset by declines in the Cough & Cold category and the anticipated limited ability to supply strong demand for Clear Eyes. Reported net income for fiscal 2025 of $214.6 million compared to $209.3 million in the prior year. Reported fiscal 2025 diluted earnings per share was $4.29, compared to $4.17 in the prior year. On a non-GAAP adjusted basis, fiscal 2025 adjusted net income of $226.3 million and adjusted diluted earnings per share of $4.52 compared to adjusted net income and adjusted diluted earnings per share of $211.3 million and $4.21 in the prior year, respectively. The adjustments to net income in fiscal 2025 and fiscal 2024 each include a normalized tax rate adjustment to account for discrete items. Adjustments to net income in fiscal 2025 also included non-cash tradename impairments associated with non-strategic indefinite-lived and finite-lived intangible assets, driven by a deliberate shift in sales and branding toward other strategic brands within our portfolio, and an associated tax adjustment. Free Cash Flow and Balance Sheet The Company's net cash provided by operating activities for the fourth quarter of fiscal 2025 was $61.8 million compared to $66.9 million during the prior year comparable period. Non-GAAP free cash flow in the fourth quarter of fiscal 2025 of $58.4 million decreased compared to $63.8 million in the prior year fourth quarter. The Company's net cash provided by operating activities for the fiscal year 2025 was $251.5 million, compared to $248.9 million during the prior year. Non-GAAP free cash flow in the fiscal year of fiscal 2025 was $243.3 million, increasing 1.6% compared to $239.4 million in the prior year. In fiscal 2025, the Company repurchased approximately 0.7 million shares at a total investment of approximately $51.5 million. The Company's net debt position as of March 31, 2025 was approximately $0.9 billion, resulting in a covenant-defined leverage ratio of 2.4x. Segment Review North American OTC Healthcare: Segment revenues of $248.9 million for the fourth quarter fiscal 2025 increased 7.7% compared to the prior year comparable quarter's segment revenues of $231.1 million. The revenue increase reflected strong GI and Women’s Health category growth, led by growth of the Summer’s Eve, Dramamine, and Fleet brands. For the fiscal year 2025, reported revenues for the North American OTC Healthcare segment were $960.0 million, an increase versus $958.3 million in the prior year. The slightly higher revenues were driven by GI category sales growth, partially offset by lower sales in the Cough & Cold category as well as the limited ability to fully supply demand for Clear Eyes. International OTC Healthcare: Fiscal fourth quarter 2025 revenues of $47.6 million increased 3.7% compared to $45.9 million reported in the prior year comparable period, and increased 7.1% excluding the effects of foreign currency. The revenue performance was driven by broad-based growth in Australia and led by the Hydralyte® brand. For the fiscal year 2025, reported revenues for the International OTC Healthcare segment were $177.8 million, an increase of approximately 6.4% over the prior year revenues of $167.1 million. The revenue growth was led by strong growth for the Hydralyte brand. Fiscal 2026 Initial Outlook Ron Lombardi, Chief Executive Officer, stated, “For fiscal 2026, we anticipate achieving organic revenue of approximately 2% and EPS growth of $4.72 to $4.82, equating to earnings growth of mid-to high-single digits. We are focused on leveraging our unique business attributes and using our proven strategies to help navigate the challenging and volatile macro operating environment, where we currently anticipate an approximate $15 million headwind related to the inflationary impacts of enacted tariffs to date. We plan to leverage our leading portfolio, diverse supply chain, and agile operating model to manage and mitigate these inflationary costs as they arise to achieve our fiscal 2026 earnings outlook.” “Execution of our proven strategy delivered a solid and steady performance in fiscal 2025. We believe our commitment to focused execution, a strong balance sheet, and the attributes of our diverse portfolio of needs-based products leaves us well positioned to continue generating consistent financial results and cash flow in this volatile backdrop, which should generate superior shareholder value creation,” Mr. Lombardi concluded.  Initial Fiscal 2026 OutlookRevenue$1,140 to $1,155 millionOrganic Revenue GrowthApproximately 1% to 2%Diluted E.P.S.$4.70 to $4.82Free Cash Flow$245 million or more   Fiscal Year End 2025 Conference Call, Accompanying Slide Presentation and Replay The Company will host a conference call to review its fourth quarter and fiscal 2025 results today, May 8, 2025 at 8:30 a.m. ET. The Company provides a live Internet webcast, a slide presentation to accompany the call, as well as an archived replay, all of which can be accessed from the Investor Relations page of the Company's website at http://www.prestigeconsumerhealthcare.com/. To participate in the conference call via phone, participants may register for the call here to receive dial-in details and a unique pin. While not required, it is recommended to join 10 minutes prior to the event start. The slide presentation can be accessed from the Investor Relations page of the Company’s website by clicking on Webcasts and Presentations. A conference call replay will be available for approximately one week following completion of the live call and can be accessed on the Company’s Investor Relations page. Non-GAAP and Other Financial Information In addition to financial results reported in accordance with generally accepted accounting principles (GAAP), we have provided certain non-GAAP financial information in this release to aid investors in understanding the Company's performance. Each non-GAAP financial measure is defined and reconciled to its most closely related GAAP financial measure in the “About Non-GAAP Financial Measures” section at the end of this earnings release. Note Regarding Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "guidance," "outlook," "may," "will," "would," “believe,” "expectation," "anticipate," “focus,” “plan,” “positioned,” or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. The "forward-looking statements" include, without limitation, statements regarding the Company's future operating results including revenues, organic growth, diluted earnings per share, and free cash flow; the expected impact of tariffs and the Company’s ability to manage related inflationary challenges; and the Company’s ability to enhance shareholder value through its business strategy, diverse product portfolio, solid balance sheet, generation of free cash flow, and efficient capital allocation. These statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those expected as a result of a variety of factors, including the impact of business and economic conditions, including as a result of evolving U.S. and international tariffs, labor shortages, inflation and geopolitical instability, consumer trends, the impact of the Company’s advertising and marketing and new product development initiatives, customer inventory management initiatives, fluctuating foreign exchange rates, competitive pressures, and the ability of the Company’s manufacturing operations and third party manufacturers and logistics providers and suppliers to meet demand for its products and to avoid inflationary cost increases and disruption as a result of labor shortages. A discussion of other factors that could cause results to vary is included in the Company's Annual Report on Form 10-K for the year ended March 31, 2024 and other periodic reports filed with the Securities and Exchange Commission. About Prestige Consumer Healthcare Inc. Prestige Consumer Healthcare is a leading consumer healthcare products company with sales throughout the U.S. and Canada, Australia, and in certain other international markets. The Company’s diverse portfolio of brands include Monistat® and Summer’s Eve® women's health products, BC® and Goody's® pain relievers, Clear Eyes® and TheraTears® eye care products, DenTek® specialty oral care products, Dramamine® motion sickness treatments, Fleet® enemas and glycerin suppositories, Chloraseptic® and Luden's® sore throat treatments and drops, Compound W® wart treatments, Little Remedies® pediatric over-the-counter products, Boudreaux’s Butt Paste® diaper rash ointments, Nix® lice treatment, Debrox® earwax remover, Gaviscon® antacid in Canada, and Hydralyte® rehydration products and the Fess® line of nasal and sinus care products in Australia. Visit the Company's website at www.prestigeconsumerhealthcare.com Prestige Consumer Healthcare Inc.Consolidated Statement of Income (Loss) and Comprehensive Income (Loss)(Unaudited)   Three Months Ended March 31, YearEnded March 31,(In thousands, except per share data)  2025   2024   2025   2024 Total Revenues  296,518   276,991   1,137,762   1,125,357          Cost of Sales        Cost of sales excluding depreciation  124,318   123,014   494,416   492,786 Cost of sales depreciation  2,190   2,160   8,883   8,123 Cost of sales  126,508   125,174   503,299   500,909 Gross profit  170,010   151,817   634,463   624,448          Operating Expenses        Advertising and marketing  37,004   37,516   155,723   153,315 General and administrative  27,050   26,465   108,209   106,152 Depreciation and amortization  5,062   5,683   21,290   22,552 Tradename impairment  12,466   —   12,466   — Total operating expenses  81,582   69,664   297,688   282,019 Operating income  88,428   82,153   336,775   342,429          Other expense (income)        Interest expense, net  10,759   15,260   47,632   67,160 Other expense (income), net  3,710   (429)  4,954   (756)Total other expense, net  14,469   14,831   52,586   66,404 Income before income taxes  73,959   67,322   284,189   276,025 Provision for income taxes  23,831   17,864   69,584   66,686 Net income $50,128  $49,458  $214,605  $209,339          Earnings per share:        Basic $1.01  $0.99  $4.32  $4.21 Diluted $1.00  $0.98  $4.29  $4.17          Weighted average shares outstanding:        Basic  49,656   49,833   49,697   49,757 Diluted  50,064   50,310   50,080   50,178          Comprehensive income, net of tax:        Currency translation adjustments  2,586   (5,975)  (3,083)  (2,940)Unrecognized net (loss) gain on pension plans  (81)  9   (81)  9 Total other comprehensive income (loss)  2,505   (5,966)  (3,164)  (2,931)Comprehensive income $52,633  $43,492  $211,441  $206,408  Prestige Consumer Healthcare Inc.Consolidated Balance Sheet(Unaudited) (In thousands)March 31,  2025   2024 Assets   Current assets   Cash and cash equivalents$97,884  $46,469 Accounts receivable, net of allowance of $16,314 and $16,377, respectively 194,293   176,775 Inventories 147,709   138,717 Prepaid expenses and other current assets 8,442   13,082 Total current assets 448,328   375,043     Property, plant and equipment, net 74,548   76,507 Operating lease right-of-use assets 28,238   11,285 Finance lease right-of-use assets, net 25,056   1,541 Goodwill 527,425   527,733 Intangible assets, net 2,295,350   2,320,583 Other long-term assets 3,273   5,725 Total Assets$3,402,218  $3,318,417     Liabilities and Stockholders' Equity   Current liabilities   Accounts payable$18,925  $38,979 Accrued interest payable 15,703   15,763 Operating lease liabilities, current portion 6,047   4,658 Finance lease liabilities, current portion 2,490   1,494 Other accrued liabilities 63,458   56,154 Total current liabilities 106,623   117,048     Long-term debt, net 992,357   1,125,804 Deferred income tax liabilities 419,594   403,596 Long-term operating lease liabilities, net of current portion 22,732   7,528 Long-term finance lease liabilities, net of current portion 20,624   172 Other long-term liabilities 5,391   9,185 Total Liabilities 1,567,321   1,663,333     Stockholders' Equity   Preferred stock - $0.01 par value   Authorized - 5,000 shares   Issued and outstanding - None —   — Common stock - $0.01 par value   Authorized - 250,000 shares   Issued – 56,010 shares at March 31, 2025 and 55,501 shares at March 31, 2024 560   555 Additional paid-in capital 593,402   567,448 Treasury stock, at cost – 6,501 shares at March 31, 2025 and 5,680 at March 31, 2024 (277,208)  (219,621)Accumulated other comprehensive loss, net of tax (37,659)  (34,495)Retained earnings 1,555,802   1,341,197 Total Stockholders' Equity 1,834,897   1,655,084 Total Liabilities and Stockholders' Equity$3,402,218  $3,318,417  Prestige Consumer Healthcare Inc.Consolidated Statement of Cash Flows(Unaudited)  Year Ended March 31,(In thousands) 2025   2024 Operating Activities   Net income$214,605  $209,339 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization 30,173   30,675 Loss on sale or disposal of property and equipment 234   274 Deferred and other income taxes 14,409   23,070 Amortization of debt origination costs 1,754   5,240 Stock-based compensation costs 11,157   14,010 Non-cash operating lease cost 7,247   6,149 Impairment loss 12,466   — Other 1,411   — Changes in operating assets and liabilities, net of effects from acquisition:   Accounts receivable (16,327)  (6,322)Inventories (9,314)  24,439 Prepaid expenses and other current assets 4,655   (8,214)Accounts payable (19,411)  (24,971)Accrued liabilities 6,984   (16,217)Operating lease liabilities (7,630)  (7,134)Other (898)  (1,412)Net cash provided by operating activities 251,515   248,926     Investing Activities   Purchases of property, plant and equipment (8,224)  (9,550)Acquisitions and other (9,228)  (10,561)Net cash used in investing activities (17,452)  (20,111)    Financing Activities   Term Loan repayments (135,000)  (225,000)Payment of debt costs —   (769)Payments of finance leases (4,536)  (2,827)Proceeds from exercise of stock options 14,802   18,089 Fair value of shares surrendered as payment of tax withholding (5,832)  (5,508)Repurchase of common stock (51,509)  (25,000)Net cash used in financing activities (182,075)  (241,015)    Effects of exchange rate changes on cash and cash equivalents (573)  180 Increase (decrease) in cash and cash equivalents 51,415   (12,020)Cash and cash equivalents - beginning of year 46,469   58,489 Cash and cash equivalents - end of year$97,884  $46,469 Interest paid$47,804  $63,248 Income taxes paid$52,117  $59,637  Prestige Consumer Healthcare Inc.Consolidated Statement of IncomeBusiness Segments(Unaudited)  Three Months Ended March 31, 2025(In thousands)North American OTCHealthcare International OTCHealthcare ConsolidatedTotal segment revenues*$248,949 $47,569 $296,518Cost of sales 107,463  19,045  126,508Gross profit 141,486  28,524  170,010Advertising and marketing 29,794  7,210  37,004Contribution margin$111,692 $21,314  133,006Other operating expenses**     44,578Operating income    $88,428 *Intersegment revenues of $1.4 million were eliminated from the North American OTC Healthcare segment.**Other operating expenses for the three months ended March 31, 2025 includes a tradename impairment charge of $12.5 million.  Year Ended March 31, 2025(In thousands)North American OTCHealthcare International OTCHealthcare ConsolidatedTotal segment revenues*$960,010 $177,752 $1,137,762Cost of sales 428,871  74,428  503,299Gross profit 531,139  103,324  634,463Advertising and marketing 129,431  26,292  155,723Contribution margin$401,708 $77,032  478,740Other operating expenses**     141,965Operating income    $336,775 *Intersegment revenues of $3.9 million were eliminated from the North American OTC Healthcare segment.**Other operating expenses for the year ended March 31, 2025 includes a tradename impairment charge of $12.5 million.  Three Months Ended March 31, 2024(In thousands)North American OTCHealthcare International OTCHealthcare ConsolidatedTotal segment revenues*$231,129 $45,862 $276,991Cost of sales 105,729  19,445  125,174Gross profit 125,400  26,417  151,817Advertising and marketing 30,787  6,729  37,516Contribution margin$94,613 $19,688  114,301Other operating expenses     32,148Operating loss    $82,153 *Intersegment revenues of $1.2 million were eliminated from the North American OTC Healthcare segment.  Year Ended March 31, 2024(In thousands)North American OTCHealthcare International OTCHealthcare ConsolidatedTotal segment revenues*$958,260 $167,097 $1,125,357Cost of sales 429,361  71,548  500,909Gross profit 528,899  95,549  624,448Advertising and marketing 131,494  21,821  153,315Contribution margin$397,405 $73,728  471,133Other operating expenses     128,704Operating loss    $342,429 * Intersegment revenues of $3.7 million were eliminated from the North American OTC Healthcare segment. About Non-GAAP Financial Measures In addition to financial results reported in accordance with GAAP, we disclose certain Non-GAAP financial measures ("NGFMs"), including, but not limited to, Non-GAAP Organic Revenues, Non-GAAP Organic Revenue Change Percentage, Non-GAAP EBITDA, Non-GAAP EBITDA Margin, Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted EBITDA Margin, Non-GAAP Adjusted Net Income, Non-GAAP Adjusted Diluted EPS, Non-GAAP Free Cash Flow, and Net Debt. We use these NGFMs internally, along with GAAP information, in evaluating our operating performance and in making financial and operational decisions. We believe that the presentation of these NGFMs provides investors with greater transparency, and provides a more complete understanding of our business than could be obtained absent these disclosures, because the supplemental data relating to our financial condition and results of operations provides additional ways to view our operation when considered with both our GAAP results and the reconciliations below. In addition, we believe that the presentation of each of these NGFMs is useful to investors for period-to-period comparisons of results in assessing shareholder value, and we use these NGFMs internally to evaluate the performance of our personnel and also to evaluate our operating performance and compare our performance to that of our competitors. These NGFMs are not in accordance with GAAP, should not be considered as a measure of profitability or liquidity, and may not be directly comparable to similarly titled NGFMs reported by other companies. These NGFMs have limitations and they should not be considered in isolation from or as an alternative to their most closely related GAAP measures reconciled below. Investors should not rely on any single financial measure when evaluating our business. We recommend investors review the GAAP financial measures included in this earnings release. When viewed in conjunction with our GAAP results and the reconciliations below, we believe these NGFMs provide greater transparency and a more complete understanding of factors affecting our business than GAAP measures alone. NGFMs Defined We define our NGFMs presented herein as follows: Non-GAAP Organic Revenues:   GAAP Total Revenues excluding impact of foreign currency exchange rates in the periods presented.Non-GAAP Organic Revenue Change Percentage:   Calculated as the change in Non-GAAP Organic Revenues from prior year divided by prior year Non-GAAP Organic Revenues.Non-GAAP EBITDA: GAAP Net Income before interest expense, net, provision for income taxes, and depreciation and amortization.Non-GAAP EBITDA Margin: Calculated as Non-GAAP EBITDA divided by GAAP Total Revenues.Non-GAAP Adjusted EBITDA: Non-GAAP EBITDA less tradename impairment.Non-GAAP Adjusted EBITDA Margin: Calculated as Non-GAAP Adjusted EBITDA divided by GAAP Total Revenues.Non-GAAP Adjusted Net Income: GAAP Net Income before tradename impairment, applicable tax impact associated with this item, and normalized tax rate adjustment.Non-GAAP Adjusted Diluted EPS: Calculated as Non-GAAP Adjusted Net Income, divided by the diluted weighted average number of shares outstanding during the period.Non-GAAP Free Cash Flow: Calculated as GAAP Net cash provided by operating activities less cash paid for capital expenditures.Net Debt: Calculated as total principal amount of debt outstanding ($1,000,000 at March 31, 2025 and $1,135,000 at March 31, 2024) less cash and cash equivalents ($97,884 at March 31, 2025 and $46,469 at March 31, 2024). Amounts in thousands. The following tables set forth the reconciliations of each of our NGFMs to their most directly comparable financial measures presented in accordance with GAAP. Reconciliation of GAAP Total Revenues to Non-GAAP Organic Revenues and related Non-GAAP Organic Revenue Change percentage:  Three Months Ended March 31, Year EndedMarch 31,  2025   2024   2025   2024 (In thousands)       GAAP Total Revenues$296,518  $276,991  $1,137,762  $1,125,357 Revenue Change 7.0%    1.1%  Adjustments:       Impact of foreign currency exchange rates —   (2,262)  —   (1,482)Total adjustments —   (2,262)  —   (1,482)Non-GAAP Organic Revenues$296,518  $274,729  $1,137,762  $1,123,875 Non-GAAP Organic Revenue Change 7.9%    1.2%   Reconciliation of GAAP Net Income to Non-GAAP EBITDA and related Non-GAAP EBITDA Margin, Non-GAAP Adjusted EBITDA and related Non-GAAP Adjusted EBITDA Margin:  Three Months Ended March 31, Year EndedMarch 31,  2025   2024   2025   2024 (In thousands)       GAAP Net Income$50,128  $49,458  $214,605  $209,339 Interest expense, net 10,759   15,260   47,632   67,160 Provision for income taxes 23,831   17,864   69,584   66,686 Depreciation and amortization 7,252   7,843   30,173   30,675 Non-GAAP EBITDA 91,970   90,425   361,994   373,860 Non-GAAP EBITDA Margin 31.0%  32.6%  31.8%  33.2%        Adjustments:       Tradename impairment 12,466   —   12,466   — Total adjustments 12,466   —   12,466   — Non-GAAP Adjusted EBITDA$104,436  $90,425  $374,460  $373,860 Non-GAAP Adjusted EBITDA Margin 35.2%  32.6%  32.9%  33.2% Reconciliation of GAAP Net Income and GAAP Diluted Earnings Per Share to Non-GAAP Adjusted Net Income and related Non-GAAP Adjusted Diluted Earnings Per Share:  Three Months Ended March 31, Year Ended March 31,  2025 2025 Adjusted EPS  20242024 Adjusted EPS  2025 2025 Adjusted EPS  20242024 Adjusted EPS(In thousands, except per share data)           GAAP Net Income andDiluted EPS$50,128 $1.00  $49,458$0.98 $214,605 $4.29  $209,339$4.17Adjustments:           Tradename impairment 12,466  0.25   — —  12,466  0.25   — —Tax impact of adjustment(1) (2,961) (0.06)  — —  (2,961) (0.06)  — —Normalized tax rate adjustment(2) 6,266  0.13   1,983 0.04  2,236  0.04   1,983 0.04Total adjustments 15,771  0.32   1,983 0.04  11,741  0.23   1,983 0.04Non-GAAP Adjusted Net Income and Adjusted Diluted EPS$65,899 $1.32  $51,441$1.02 $226,346 $4.52  $211,322$4.21 (1) Income tax effect of above adjustment using the normalized tax rate.(2) Income tax adjustment to adjust for discrete income tax items. Note: Amounts may not add due to rounding. Reconciliation of GAAP Net Income to Non-GAAP Free Cash Flow:  Three Months Ended March 31, Year EndedMarch 31,  2025   2024   2025   2024 (In thousands)       GAAP Net Income$50,128  $49,458  $214,605  $209,339 Adjustments:       Adjustments to reconcile net income to net cash provided by operating activities as shown in the Statement of Cash Flows 33,507   22,960   78,851   79,418 Changes in operating assets and liabilities as shown in the Statement of Cash Flows (21,787)  (5,511)  (41,941)  (39,831)Total adjustments 11,720   17,449   36,910   39,587 GAAP Net cash provided by operating activities 61,848   66,907   251,515   248,926 Purchases of property and equipment (3,479)  (3,143)  (8,224)  (9,550)Non-GAAP Free Cash Flow$58,369  $63,764  $243,291  $239,376  Outlook for Fiscal Year 2026: Reconciliation of Projected GAAP Net cash provided by operating activities to Projected Non-GAAP Free Cash Flow: (In millions) Projected FY'26 GAAP Net cash provided by operating activities$255 Additions to property and equipment for cash (10)Projected FY'26 Non-GAAP Free Cash Flow$245  Investor Relations ContactPhil Terpolilli, CFA, 914-524-6819irinquiries@prestigebrands.com

Lamar Advertising Company Announces First Quarter Ended March 31, 2025 Operating Results - ForexTV

Three Month Results - Net revenues were $505.4 million- Net income was $139.2 million- Adjusted EBITDA was $210.2 million BATON ROUGE, La., May 08, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the first quarter ended March 31, 2025. "We delivered our 16th consecutive quarter of acquisition-adjusted revenue growth, aided by increases in local and programmatic," Lamar chief executive Sean Reilly said. "Based on pacings, we remain on track to reach our previously provided guidance for full-year diluted AFFO per share." First Quarter Highlights - Net revenues increased 1.5%- Net income increased 77.4%- Adjusted EBITDA decreased 0.8%- AFFO increased 3.8%  First Quarter Results Lamar reported net revenues of $505.4 million for the first quarter of 2025 versus $498.2 million for the first quarter of 2024, a 1.5% increase. Operating income for the first quarter of 2025 increased $66.6 million to $191.2 million as compared to $124.6 million for the same period in 2024. Lamar recognized net income of $139.2 million for the first quarter of 2025 as compared to net income of $78.5 million for the same period in 2024, an increase of $60.7 million. The 77.4% increase in net income for the first quarter of 2025 as compared to the same period in 2024 was primarily related to the $67.7 million gain recorded for the sale of Lamar’s equity interest in Vistar Media, Inc. (“Vistar”) during the period. Net income per diluted share was $1.35 and $0.76 for the three months ended March 31, 2025 and 2024, respectively. Adjusted EBITDA for the first quarter of 2025 was $210.2 million versus $211.9 million for the first quarter of 2024, a decrease of 0.8%. Cash flow provided by operating activities was $127.7 million for the three months ended March 31, 2025 versus $110.6 million for the first quarter of 2024, an increase of $17.2 million. Free cash flow for the first quarter of 2025 was $121.1 million as compared to $138.7 million for the same period in 2024, a 12.7% decrease. The decrease in free cash flow was primarily related to current tax expense of $21.2 million associated with the sale of Lamar’s interest in Vistar during the first quarter of 2025. For the first quarter of 2025, funds from operations, or FFO, was $156.1 million versus $148.5 million for the same period in 2024, an increase of 5.1%. Adjusted funds from operations, or AFFO, for the first quarter of 2025 was $164.3 million compared to $158.2 million for the same period in 2024, an increase of 3.8%. Diluted AFFO per share increased 3.9% to $1.60 for the three months ended March 31, 2025 as compared to $1.54 for the same period in 2024. Acquisition-Adjusted Three Months Results Acquisition-adjusted net revenue for the first quarter of 2025 increased 1.1% over acquisition-adjusted net revenue for the first quarter of 2024. Acquisition-adjusted EBITDA for the first quarter of 2025 decreased 1.0% as compared to acquisition-adjusted EBITDA for the first quarter of 2024. Acquisition-adjusted net revenue and acquisition-adjusted EBITDA include adjustments to the 2024 period for acquisitions and divestitures for the same time frame as actually owned in the 2025 period. See “Reconciliation of Reported Basis to Acquisition-Adjusted Results”, which provides reconciliations to GAAP for acquisition-adjusted measures. Liquidity As of March 31, 2025, Lamar had $491.3 million in total liquidity that consisted of $455.2 million available for borrowing under its revolving senior credit facility and $36.1 million in cash and cash equivalents. There were $286.0 million in borrowings outstanding under the Company’s revolving credit facility and $223.5 million outstanding under the Accounts Receivable Securitization Program as of the same date. Recent Developments During the first quarter of 2025, the Company repurchased 164,529 shares of its Class A common stock outstanding for a total purchase price of $18.4 million under the Company’s Stock Repurchase Program, which provides for the repurchase of up to $250.0 million of Class A common stock in the aggregate. During April 2025, the Company repurchased 1,223,562 shares of its Class A common stock outstanding at a total purchase price of $131.6 million.  These repurchases bring the total value purchased under the Stock Repurchase Program to $150.0 million at an average price of $108.06 per share. The Company has $100.0 million remaining under its current share repurchase authorization. Forward-Looking Statements This press release contains forward-looking statements, including statements regarding sales trends. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. These risks and uncertainties include, among others: (1) our significant indebtedness; (2) the state of the economy and financial markets generally, and the effect of the broader economy on the demand for advertising, including economic changes that may result from new or increased tariffs, trade restrictions or geopolitical tensions; (3) the continued popularity of outdoor advertising as an advertising medium; (4) our need for and ability to obtain additional funding for operations, debt refinancing or acquisitions; (5) our ability to continue to qualify as a Real Estate Investment Trust (“REIT”) and maintain our status as a REIT; (6) the regulation of the outdoor advertising industry by federal, state and local governments; (7) the integration of companies and assets that we acquire and our ability to recognize cost savings or operating efficiencies as a result of these acquisitions; (8) changes in accounting principles, policies or guidelines; (9) changes in tax laws applicable to REITs or in the interpretation of those laws; (10) our ability to renew expiring contracts at favorable rates; (11) our ability to successfully implement our digital deployment strategy; and (12) the market for our Class A common stock. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, as supplemented by any risk factors contained in our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. We caution investors not to place undue reliance on the forward-looking statements contained in this document. These statements speak only as of the date of this document, and we undertake no obligation to update or revise the statements, except as may be required by law. Use of Non-GAAP Financial Measures The Company has presented the following measures that are not measures of performance under accounting principles generally accepted in the United States of America (“GAAP”): adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), free cash flow, funds from operations (“FFO”), adjusted funds from operations (“AFFO”), diluted AFFO per share, outdoor operating income, acquisition-adjusted results and acquisition-adjusted consolidated expense.  Our management reviews our performance by focusing on these key performance indicators not prepared in conformity with GAAP. We believe these non-GAAP performance indicators are meaningful supplemental measures of our operating performance and should not be considered in isolation of, or as a substitute for their most directly comparable GAAP financial measures. Our Non-GAAP financial measures are determined as follows: We define adjusted EBITDA as net income before income tax expense (benefit), interest expense (income), loss (gain) on extinguishment of debt and investments, equity in (earnings) loss of investee, stock-based compensation, depreciation and amortization, loss (gain) on disposition of assets and investments, transaction expenses and investments and capitalized contract fulfillment costs, net. Adjusted EBITDA margin is defined as adjusted EBITDA divided by net revenues. Free cash flow is defined as adjusted EBITDA less interest, net of interest income and amortization of deferred financing costs, current taxes, preferred stock dividends and total capital expenditures. We use the National Association of Real Estate Investment Trusts definition of FFO, which is defined as net income before (gain) loss from the sale or disposal of real estate assets and investments, net of tax, and real estate related depreciation and amortization and including adjustments to eliminate unconsolidated affiliates and non-controlling interest.  We define AFFO as FFO before (i) straight-line income and expense; (ii) capitalized contract fulfillment costs, net; (iii) stock-based compensation expense; (iv) non-cash portion of tax expense (benefit); (v) non-real estate related depreciation and amortization; (vi) amortization of deferred financing costs; (vii) loss on extinguishment of debt; (viii) transaction expenses; (ix) non-recurring infrequent or unusual losses (gains); (x) less maintenance capital expenditures; and (xi) an adjustment for unconsolidated affiliates and non-controlling interest. Diluted AFFO per share is defined as AFFO divided by weighted average diluted common shares outstanding.   Outdoor operating income is defined as operating income before corporate expenses, stock-based compensation, capitalized contract fulfillment costs, net, transaction expenses, depreciation and amortization and loss (gain) on disposition of assets and investments.   Acquisition-adjusted results adjusts our net revenue, direct and general and administrative expenses, outdoor operating income, corporate expense and EBITDA for the prior period by adding to, or subtracting from, the corresponding revenue or expense generated by the acquired or divested assets before our acquisition or divestiture of these assets for the same time frame that those assets were owned in the current period. In calculating acquisition-adjusted results, therefore, we include revenue and expenses generated by assets that we did not own in the prior period but acquired in the current period. We refer to the amount of pre-acquisition revenue and expense generated by or subtracted from the acquired assets during the prior period that corresponds with the current period in which we owned the assets (to the extent within the period to which this report relates) as “acquisition-adjusted results”.  Acquisition-adjusted consolidated expense adjusts our total operating expense to remove the impact of stock-based compensation, depreciation and amortization, transaction expenses, capitalized contract fulfillment costs, net, and loss (gain) on disposition of assets and investments. The prior period is also adjusted to include the expense generated by the acquired or divested assets before our acquisition or divestiture of such assets for the same time frame that those assets were owned in the current period. Adjusted EBITDA, FFO, AFFO, diluted AFFO per share, free cash flow, outdoor operating income, acquisition-adjusted results and acquisition-adjusted consolidated expense are not intended to replace other performance measures determined in accordance with GAAP. Free cash flow, FFO and AFFO do not represent cash flows from operating activities in accordance with GAAP and, therefore, these measures should not be considered indicative of cash flows from operating activities as a measure of liquidity or of funds available to fund our cash needs, including our ability to make cash distributions. Adjusted EBITDA, free cash flow, FFO, AFFO, diluted AFFO per share, outdoor operating income, acquisition-adjusted results and acquisition-adjusted consolidated expense are presented as we believe each is a useful indicator of our current operating performance. Specifically, we believe that these metrics are useful to an investor in evaluating our operating performance because (1) each is a key measure used by our management team for purposes of decision making and for evaluating our core operating results; (2) adjusted EBITDA is widely used in the industry to measure operating performance as it excludes the impact of depreciation and amortization, which may vary significantly among companies, depending upon accounting methods and useful lives, particularly where acquisitions and non-operating factors are involved; (3) adjusted EBITDA, FFO, AFFO, diluted AFFO per share and acquisition-adjusted consolidated expense each provides investors with a meaningful measure for evaluating our period-over-period operating performance by eliminating items that are not operational in nature and reflect the impact on operations from trends in occupancy rates, operating costs, general and administrative expenses and interest costs; (4) acquisition-adjusted results is a supplement to enable investors to compare period-over-period results on a more consistent basis without the effects of acquisitions and divestitures, which reflects our core performance and organic growth (if any) during the period in which the assets were owned and managed by us; (5) free cash flow is an indicator of our ability to service debt and generate cash for acquisitions and other strategic investments; (6) outdoor operating income provides investors a measurement of our core results without the impact of fluctuations in stock-based compensation, depreciation and amortization and corporate expenses; and (7) each of our Non-GAAP measures provides investors with a measure for comparing our results of operations to those of other companies. Our measurement of adjusted EBITDA, FFO, AFFO, diluted AFFO per share, free cash flow, outdoor operating income, acquisition-adjusted results and acquisition-adjusted consolidated expense may not, however, be fully comparable to similarly titled measures used by other companies. Reconciliations of adjusted EBITDA, FFO, AFFO, diluted AFFO per share, free cash flow, outdoor operating income, acquisition-adjusted results and acquisition-adjusted consolidated expense to the most directly comparable GAAP measures have been included herein. Conference Call Information A conference call will be held to discuss the Company’s operating results on Thursday, May 8, 2025 at 8:00 a.m. central time.  Instructions for the conference call and Webcast are provided below: Conference Call All Callers:1-800-420-1271 or 1-785-424-1634Passcode:63104  Live Webcast:ir.lamar.com  Webcast Replay:ir.lamar.com Available through Thursday, May 15, 2025 at 11:59 p.m. eastern time  Company Contact:Buster Kantrow Director of Investor Relations (225) 926-1000 bkantrow@lamar.com General Information Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 363,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 5,100 displays. LAMAR ADVERTISING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME(UNAUDITED)(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)  Three Months EndedMarch 31,      2025   2024 Net revenues$       505,430  $       498,150 Operating expenses (income)   Direct advertising expenses          179,622            175,829 General and administrative expenses            89,201              83,095 Corporate expenses            26,386              27,304 Stock-based compensation            10,577              14,466 Capitalized contract fulfillment costs, net                  375                  (184)Depreciation and amortization            77,821              75,228 Gain on disposition of assets and investments           (69,785)              (2,188)Total operating expense          314,197            373,550 Operating income          191,233            124,600 Other expense (income)   Interest income                (492)                 (467)Interest expense            38,332              44,487 Equity in (earnings) loss of investee                (380)                   559              37,460              44,579 Income before income tax expense          153,773              80,021 Income tax expense            14,544                 1,522 Net income          139,229              78,499 Net income attributable to non-controlling interest                  474                    275 Net income attributable to controlling interest          138,755              78,224 Preferred stock dividends                    91                      91 Net income applicable to common stock$       138,664  $         78,133 Earnings per share:   Basic earnings per share$              1.35  $              0.77 Diluted earnings per share$              1.35  $              0.76 Weighted average common shares outstanding:   Basic 102,437,911   102,115,159 Diluted 102,797,307   102,447,333 OTHER DATA   Free Cash Flow Computation:   Adjusted EBITDA$       210,221  $       211,922 Interest, net           (36,317)            (42,389)Current tax expense           (22,812)              (1,276)Preferred stock dividends                  (91)                   (91)Total capital expenditures           (29,887)            (29,482)Free cash flow$       121,114  $       138,684  SUPPLEMENTAL SCHEDULESSELECTED BALANCE SHEET AND CASH FLOW DATA(IN THOUSANDS)  March 31,2025 December 31,2024 (Unaudited)  Selected Balance Sheet Data:   Cash and cash equivalents$         36,117  $         49,461 Working capital deficit$     (311,976) $     (353,206)Total assets$    6,547,175  $    6,586,549 Total debt, net of deferred financing costs (including current maturities)$    3,187,785  $    3,210,864 Total stockholders’ equity$    1,031,570  $    1,048,020   Three Months EndedMarch 31,  2025  2024  (Unaudited)Selected Cash Flow Data:   Cash flows provided by operating activities$       127,745 $       110,562 Cash flows provided by (used in) investing activities$         65,426 $       (45,016)Cash flows used in financing activities$       206,522 $         73,626  SUPPLEMENTAL SCHEDULESUNAUDITED RECONCILIATIONS OF NON-GAAP MEASURES(IN THOUSANDS)  Three Months EndedMarch 31,  2025   2024 Reconciliation of Cash Flows Provided By Operating Activities to Free Cash Flow:   Cash flows provided by operating activities$       127,745  $       110,562 Changes in operating assets and liabilities            24,167              58,191 Total capital expenditures           (29,887)            (29,482)Preferred stock dividends                  (91)                   (91)Capitalized contract fulfillment costs, net                  375                  (184)Other             (1,195)                 (312)Free cash flow$       121,114  $       138,684     Reconciliation of Net Income to Adjusted EBITDA:   Net income$       139,229  $         78,499 Interest income                (492)                 (467)Interest expense            38,332              44,487 Equity in (earnings) loss of investee                (380)                   559 Income tax expense            14,544                 1,522 Operating income          191,233            124,600 Stock-based compensation            10,577              14,466 Capitalized contract fulfillment costs, net                  375                  (184)Depreciation and amortization            77,821              75,228 Gain on disposition of assets and investments           (69,785)              (2,188)Adjusted EBITDA$       210,221  $       211,922     Capital expenditure detail by category:   Billboards - traditional$           6,046  $           7,148 Billboards - digital            16,076              13,413 Logo               2,606                 1,336 Transit                  588                    351 Land and buildings                  310                 2,316 Operating equipment               4,261                 4,918 Total capital expenditures$         29,887  $         29,482  SUPPLEMENTAL SCHEDULESUNAUDITED RECONCILIATIONS OF NON-GAAP MEASURES(IN THOUSANDS)  Three Months EndedMarch 31,  2025  2024 % ChangeReconciliation of Reported Basis to Acquisition-Adjusted Results(a):     Net revenue$     505,430 $     498,150 1.5%Acquisitions and divestitures                  —             1,890  Acquisition-adjusted net revenue        505,430         500,040 1.1%Reported direct advertising and G&A expenses        268,823         258,924 3.8%Acquisitions and divestitures                  —             1,572  Acquisition-adjusted direct advertising and G&A expenses        268,823         260,496 3.2%Outdoor operating income        236,607         239,226 (1.1) %Acquisition and divestitures                  —                 318  Acquisition-adjusted outdoor operating income        236,607         239,544 (1.2) %Reported corporate expense          26,386           27,304 (3.4) %Acquisitions and divestitures                  —                   —  Acquisition-adjusted corporate expenses          26,386           27,304 (3.4) %Adjusted EBITDA        210,221         211,922 (0.8) %Acquisitions and divestitures                  —                 318  Acquisition-adjusted EBITDA$     210,221 $     212,240 (1.0) % (a)Acquisition-adjusted net revenue, direct advertising and general and administrative expenses, outdoor operating income, corporate expenses and EBITDA include adjustments to 2024 for acquisitions and divestitures for the same time frame as actually owned in 2025.                                                                                                                                     Three Months EndedMarch 31,  2025   2024  % ChangeReconciliation of Net Income to Outdoor Operating Income:     Net income$     139,229  $       78,499  77.4%Interest expense, net          37,840            44,020   Equity in (earnings) loss of investee              (380)                 559   Income tax expense          14,544              1,522   Operating income        191,233          124,600  53.5%Corporate expenses          26,386            27,304   Stock-based compensation          10,577            14,466   Capitalized contract fulfillment costs, net                375                (184)  Depreciation and amortization          77,821            75,228   Gain on disposition of assets and investments        (69,785)           (2,188)  Outdoor operating income$     236,607  $     239,226  (1.1) % SUPPLEMENTAL SCHEDULESUNAUDITED RECONCILIATIONS OF NON-GAAP MEASURES(IN THOUSANDS)  Three Months EndedMarch 31,  2025   2024  % ChangeReconciliation of Total Operating Expenses to Acquisition-Adjusted Consolidated Expense:     Total operating expenses$     314,197  $     373,550  (15.9)%Gain on disposition of assets and investments          69,785              2,188   Depreciation and amortization        (77,821)         (75,228)  Capitalized contract fulfillment costs, net              (375)                 184   Stock-based compensation        (10,577)         (14,466)  Acquisitions and divestitures                  —              1,572   Acquisition-adjusted consolidated expense$     295,209  $     287,800  2.6% SUPPLEMENTAL SCHEDULESUNAUDITED REIT MEASURESAND RECONCILIATIONS TO GAAP MEASURES(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)  Three Months EndedMarch 31,  2025   2024 Adjusted Funds from Operations:   Net income$       139,229  $         78,499 Depreciation and amortization related to real estate            73,636              71,729 Gain from sale or disposal of real estate and investments, net of tax           (56,597)              (2,094)Adjustments for unconsolidated affiliates and non-controlling interest                (126)                   372 Funds from operations$       156,142  $       148,506 Straight-line expense               1,009                 1,273 Capitalized contract fulfillment costs, net                  375                  (184)Stock-based compensation expense            10,577              14,466 Non-cash portion of tax provision                (244)                   246 Non-real estate related depreciation and amortization               4,185                 3,498 Amortization of deferred financing costs               1,523                 1,631 Capitalized expenditures-maintenance             (9,385)            (10,827)Adjustments for unconsolidated affiliates and non-controlling interest                  126                  (372)Adjusted funds from operations$       164,308  $       158,237 Divided by weighted average diluted common shares outstanding 102,797,307   102,447,333 Diluted AFFO per share$              1.60  $              1.54