Excuse me, everyone. We now have Sean Reilly and Jay Johnson in conference. Please be aware that each of your line is in a listen-only mode. At the conclusion of the company's presentation, we will open the floor for questions. To ask a question, please press star one on your telephone keypad. You may withdraw yourself from the queue by pressing star two. In the course of this discussion, Lamar may make forward-looking statements regarding the company, including 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 on general economic conditions on the company's business, financial condition, and results of operations. All forward-looking statements require 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 can cause actual results to differ materially from those discussed in the call in the company's third quarter 2023 earnings release and its most recent annual report on Form 10-K. Lamar refers you to those documents. Lamar's third quarter 2023 earnings release, which contains information required by the Regulation G regarding certain non-GAAP financial measures, was furnished to the SEC on the Form 8-K this morning and is available on the investors section of Lamar's website, www.lamar.com. I would now like to turn the conference over to Sean Reilly. Mr. Reilly, you may begin. Thank you, Katie. Good morning, all, and welcome to Lamar's third quarter 2023 earnings call. As we mentioned in the release, the operating environment remained choppy in Q3, with customers continuing to take a cautious approach to their campaigns, particularly on the national side. Despite that, we demonstrated impressive operating leverage in Q3, increasing revenue modestly while decreasing expenses on a year-over-year acquisition-adjusted basis. The expense result is a credit to the disciplined management of our local general managers. Our team is doing a great job of managing to the macro environment. We also benefited from one-time COVID relief payments in the airport business. Operating margins without the one-time airport relief payments in Q3 were 48.3%. Again, that's an operating margin of 48.3%, an improvement over last year's Q3 margins of 47.6%. Again, a great performance by our team. Pro forma expenses without the airport payments were essentially flat. We expect a similar combination in Q4. Slight pro forma revenue growth coupled with pro forma expenses that are flat to down slightly. Recall that on the revenue side, we will have a political headwind that is likely to cost us 100 basis points or so of growth. Nevertheless, as indicated in the release, we are on track to reach or even likely exceed the top end of revised guidance for full-year AFFO per share that we provided in August. Q3 categories of particular strength included services and amusement and entertainment, while retail, education, and real estate were weaker. Insurance, which has been a tough category all year, has stabilized and was close to flat in Q3. Political, by the way, was off about $2 million from Q3 in 2022, which is typical for an off-cycle year. For the quarter, rate was largely unchanged across our analog platform versus the year earlier period, a little up on posters and flat on bulletins, while occupancy was a little down on posters and flattish on bulletins. As alluded to earlier, local and regional revenue increased, while national and programmatic declined slightly. I would note that as we move through Q4, programmatic is strengthening and is tracking to be up this Q4 over last year's Q4. We added 84 digital bulletin displays in the third quarter, bringing our total to nearly 4,700 at quarter's end. Our digital revenue increased nearly 7% from the year earlier period and accounted for 30% of our billboard revenue. On the same forward basis, digital revenue was off about 1.7%. We completed 11 acquisitions in the quarter for $78 million, including the purchase of a terrific legacy billboard plant along the Florida, Alabama Gulf Coast. That brought our year-to-date total in M&A spend to $120 million. We should be largely done for this year, and by the way, anticipate another relatively quiet year in 2024 on the M&A front. Speaking of 2024, it's a little early to offer any solid predictions. We are having our usual year-end conversations with the big agencies and have not heard anything that causes us particular concern. And as we enter the holidays, it looks to us that we will have positive momentum going into next year. In fact, December is looking very good. With that, I will turn it over to Jay to run through some more numbers. Thanks, Sean. Good morning, everyone, and thank you for joining us. We continued to experience modest growth in our portfolio during the third quarter and exceeded internal expectations for both operating expenses and Adjusted EBITDA. In the third quarter, acquisition-adjusted revenue increased 1.6% from the same period last year, against a difficult comparison in which pro forma revenue growth was 6% in the third quarter of 2022. Our billboard regions grew in the low to mid-single digits, with the exception of the Northeast and Midwest, which contracted year-over-year as a result of their exposure to national advertising. Acquisition-adjusted operating expenses decreased 110 basis points in the third quarter, which was slightly better than anticipated. We now expect operating expense growth for the full year to come in around 1% on an acquisition-adjusted basis. Adjusted EBITDA for the quarter was $265.7 million, compared to $251.2 million in 2022, which was an increase of 5.8%. On an acquisition-adjusted basis, adjusted EBITDA increased 4.5%. Adjusted EBITDA margin for the quarter remained strong at 49%, expanding by 140 basis points over Q3 2022. Despite inflationary pressures over the last 24 months, the company's adjusted EBITDA margin remains well above pre-pandemic levels. Adjusted Funds From Operations totaled $208.8 million in the third quarter, compared to $206.4 million last year, an increase of 1.2%. This was despite cash interest increasing by $11.1 million over Q3 2022. And even though cash interest was a headwind of approximately $0.11 per share, diluted AFFO increased to $2.04 versus $2.03 per share in the third quarter of 2022. The slight improvement in AFFO against an 11-cent cash interest headwind underscores the resilience of our business model, with a portfolio heavily concentrated in billboards focused on local markets. Local and regional sales grew for the 10th consecutive quarter, increasing 2.3%. Softness returned in our national business, which includes programmatic, and declined 3.4% in the quarter. Local and regional sales accounted for approximately 77% of billboard revenue in the third quarter. On the capital expenditure front, total spend for the quarter was $39.1 million, including $13.4 million of maintenance CapEx. Through the first three quarters of the year, CapEx totaled $132 million, about a third of which was maintenance. For the full year, we anticipate total CapEx in the $180 million-$185 million range, with maintenance comprising approximately $60 million. Now turning to our balance sheet. We have a well-laddered debt maturity schedule and continue to focus on the company's best-in-class capital structure. We have no maturities until the Term Loan A in February 2025, followed by the AR securitization in July of that year. In addition, we have no fixed income maturities until 2028. Based on debt outstanding at quarter end, our weighted average interest rate was approximately 5%, with a weighted average debt maturity of 4.5 years. As defined under our credit facility, we ended the quarter with total leverage of 3.21x net debt to EBITDA, which remains amongst the lowest in the history of the company. Our secured debt leverage was 1.08x at quarter end, and we're comfortably in compliance with both our total debt incurrence and secured debt maintenance tests against covenants of 7x and 4.5x, respectively. Despite the sharp rise in interest rates over the past year, and based on current guidance, our interest coverage should end the year near 6x adjusted EBITDA to cash interest. While we do not have an interest coverage covenant in any of our debt agreements, we do monitor this important financial metric. Healthy interest coverage exemplifies the strength of our balance sheet and the company's ability to service its debt. At the end of the quarter, we had approximately $645.7 million in total liquidity, comprised of $39.4 million of cash on hand and $606.3 million available under our revolving credit facility. Subsequent to quarter end, we repaid $70 million on the revolver, and currently, there is $65 million outstanding on that facility. This morning, we reaffirmed our full-year AFFO guidance of $7.13-$7.28 per share. But as Sean mentioned, we do see a path to potentially exceed the high end of the range. Full-year cash interest in our guidance totals $168 million, a $0.47 per share headwind versus last year. As I touched on earlier, maintenance CapEx is budgeted for $60 million, while cash taxes are projected to come in around $10 million. Finally, our dividend. We paid a cash dividend of $1.25 per share in the third quarter. Management's recommendation will be to declare a cash dividend of $1.25 per share for the fourth quarter as well. This recommendation is subject to board approval, and the company's dividend policy remains to distribute 100% of our taxable income. For the full year, we anticipate a 2023 dividend of $5 per share, also subject to board approval. Once again, we experienced modest revenue growth in the quarter and are particularly pleased with our efforts around operating expenses. We will continue to focus on expense control for the balance of the year. I'll now turn the call back over to Sean to close things out. Thank you, Jay. I'll add a little color and then open it up for questions. You know, as Jay mentioned, regarding relative geographic strength and weakness, it's been tough this year in large markets in the Pacific Northwest and in the Northeast, where those markets have more national exposure. Everywhere else, across Lamar's footprint is, by and large, solid. I mentioned that we had nearly 4,700 large format digital faces up to date, and we are still tracking to add a total of a little over 300 this year. On rate and occupancy, I mentioned, analog bulletin rate and occupancy were basically flattish, analog poster rates slightly up, occupancy a little down. Jay mentioned, the national, regional, versus local, sales mix. Local regional was 77%, national programmatic was around 23%. Similar numbers that you're used to hearing. In terms of revenue growth by quarter, local regional was up 2.3%. National ex programmatic was down 2.6%. As I mentioned, programmatic's been a drag on national for the first three quarters of the year, but we're seeing good momentum in our programmatic book as we move through the fourth quarter. Services and amusements were particularly strong in Q3, up approximately 16 and 11% respectively. And they are both, by the way, up a like amount year to date. Categories of relatively weakness, as I mentioned, retail down 8%, education down 6%, and real estate down 10%. So with that, Katie, I will open it up for questions. Thank you. At this time, if you would like to ask a question, please press star one on your telephone keypad. You may remove yourself from the queue at any time by pressing star two. Once again, that is star one to ask a question. We'll pause for a moment to allow questions to queue. Our first question will come from Cameron McVeigh with Morgan Stanley. Your line is now open. Hi, guys. Thanks for taking my questions. It's great to hear there's positive momentum into the holiday season and into December. Just curious how that's trending on a local versus national basis, looking forward in a follow-up? Thanks. It's almost exclusively local regional, Cameron. That remains where the strength is. Got it. Yeah, looking ahead into 2024, I know you guys gave some color on it, but is it appropriate to assume the implied 2024, the 4Q 2023 organic growth, is an appropriate run rate, or, you know, are you expecting more of an acceleration into next year? Are you talking about the 1.6 run rate from Q3 going into next year? Yep, that's right. I would expect something measurably better. Got it. Okay, great. And just one follow-up. I saw that you guys paid down $70 million in outstanding borrowings under the revolver. You guys have a great looking balance sheet. Curious, you know, how you're approaching your capital allocation going forward. What's the priority? Well, I'll let Jay hit it on more particulars on the balance sheet, but as we look into next year, you know, we're gonna continue to invest in our digital footprint. It wouldn't surprise me if the M&A activity was a little softer or a little bit, you know, less active. That's a combination of the fact that we pulled a lot of M&A activity forward in 2021 and 2022, and also just sort of where the seller activity seems to be coming out. So if we do have the opportunity to pay down some more debt, that wouldn't surprise me either, particularly on that Term Loan A that's out there. Jay? Yeah, that's exactly right. So if we're in a more muted acquisition profile next year, we're gonna be pretty aggressive and use our free cash flow to pay down our floating rate debt. That's probably the best investment that we can make at this moment. We'll be focused on, Sean mentioned the Term Loan A, which is our nearest term maturity. And if we're in that sort of profile next year, we can see leverage tick down by the end of the year below three, which would be the best in the history of the company and set us up well for any opportunities. Great. Thank you, guys. Katie, are there any more questions? We will take our next question from Richard Choe with J.P. Morgan. Strong December. There was some confidence in December. Can we see growth accelerate into the fourth quarter? Because it's kind of been trending down for the year, but you have that political headwind of 100 basis points that could kind of mitigate this. Yeah, you know, I think that's a good way to frame it. You know, October was obviously facing that headwind of political. The way I like to look at it now is November was better than October, and December is measurably better than November. So, that's the sort of tone as we move through the quarter, and I think it bodes well for how we go into 2024. Great. It seems like national, I guess, is continuing to be soft, but there's some hope that next year kind of comes back. Is that fair? You know, I could lean on easy comps, but we're gonna have awfully easy comps when it comes to national of next year. So you should see, instead of, in lieu of, those negatives, numbers that you saw as we move through the year, you should see positive numbers. Great. Thank you. I am showing that we have no further questions at this time. I'll turn the call back to our presenters for any additional remarks. Well, great. Thank you, Katie, and thank you all for listening. Hope you all have a happy and safe holidays, and we will talk again in 2024.