momentum, $X.XX did on In again, adjusted increased thank which benefits of all XXXX as XXXX, revenue XXXX. consensus fronts company AFFO diluted only well internal QX and quarter, our X.X% with year, last internal once fully share consecutive the and us. Thanks, Not model demonstrating throughout as heavily versus for concentrated a are operating billboards. consensus, and Sean. fifth exceeded basis joining Lamar Good be EBITDA, same fourth acquisition pleased period experienced The with from exceed as we'd expectations, for the on we the the adjusted expectations the well. AFFO. three morning, we you extremely estimates growth XX% achieved in our results, a portfolio to for improving quarterly quarter, per everyone, Continuing revenue,
exceeded of XXXX QX by of company. revenue adjusted the XXXX ahead approximately the X%. in EBITDA quarter adjusted acquisition came revenue billboard fourth QX for Our both and
second company's primarily tied driven reduced the by for expenses business approximately activity, revenue. of approximately expenses $XXX.X million We XXXX in to XX%. returning increased beginning the which operating With was Despite more the $XX EBITDA With strong XXXX, for on the expenses the million. full acquisition above quarter revised operating year. returned basis, to margins acquisition Adjusted achieved expenses, variable recent adjusted in XXXX still quarter, forecast and million million compared in half was. normal XX% the $XX the our expenses an increase adjusted operating the of which mitigate acceleration exceeding XXXX, the our COVID-XX most quarter the expectations was pandemic to from adjusted was increase performance business. approximately $XX revenue our impact year, this the and fourth by $XXX.X of to XX.X%. in of EBITDA of far On million for an of
$X.XX diluted an year, acquisition year, increased XX.X% to increase beneficial billion The AFFO lower as was fourth expanding growth. compared the adjusted on to XXXX XXXX. year outlook full XXX EBITDA which margin contribute ended of for per And share. adjusted balance we've EBITDA year the acquisition XX.X% the our interest sheet AFFO The was quarter. work on the $X.XX of For company $X.XX was of adjusted the XX.X% revenue done above with basis. in Adjusted full an high-end versus full EBITDA margin billion, Adjusted to basis full-year million, to represents prove our $XXX.X AFFO XXXX. in points XX.X%, continues
for We months XXXX. to and full-year acceleration experienced XX increased full-year local national third XX, the the share both XXXX, For increased that quarter. ended XX.X% AFFO business and against our diluted consecutive per portfolio December XX.X% across compared in
local for revenue XX%. regional national the with XX%. XX% national of regional billboard business, Our in XX.X%, quarter by historical increased while accounted revenue Consistent local programmatic programmatic, levels, and sales and while and improved represented including almost
acquisitions a the On Capex beginning with total bringing remainder culminating for in $XX the throughout closed million in in million, late the the full on and continued maintenance And million quarter, accelerated capital which of fourth our internal the active of included maintenance. including to which million QX. totaled the expenditure $XX $XXX total our front, expectations. pipeline year, spring $XXX We Capex. exceeded the for year quarter in million approximately very million, Volume was $XXX spend acquisition of full-year, $XX
continue robust pipeline. see We acquisition to a
consistently shareholders. our intent remain as past our to is for an prudent have the and in deploy we However, manner capital efficient in
balance our sheet, the for provide which to continues a Turning competitive advantage to company.
We forward. Lamar well-positioned are quite of and financial strength our pleased the is with sheet balance going
than more the We totaled with XXXX. February the maturities AR securitization debt maturity no which portion by $XX.X we XXXX, until in $X.X maturities approximately facility interest quarter, in until in of our XXXX. July the well is bond have no Net credit XXXX. revolving followed have million And a expenses million laddered schedule QX
balance Over lowering recapitalizing efforts XX of million XXXX. over interest the sheet, maturity savings extending resulted $X.X of These full-year interest, $XX profile, our amortization. the versus months, refinanced entire cash last billion debt, and XXXX in has in company eliminating the
our to ever is levels As debt EBITDA, the for times credit of which quarter under with company. of facility, ended X.X net total we leverage defined lowest the one the
of our was are incurrence current debt debt secured maturity the the with of X.X quarter, had outstanding, average X.X% cash respectively. At interest $XXX average times seven at total on leverage is under debt Our $XXX million maintenance against X.X revolver. secured hand, of we weighted weighted available comprised we and debt liquidity our and million our test $XXX of comfortably rate of and debt times confidence times in approximately of with million on a compliance and X.X both Based quarter-end, end years.
AR of million. drawn to fully securitization, it was also balance with addition the In a $XXX
morning's and $X.X and at year, strong Sean accordingly. per growth pace an full-year between anticipate share. outlook expect range on of momentum we and XXXX, XXXX. expenses provided midpoint increase over $X.XX the As top of increase will X% guidance represents roughly revenue AFFO That we from XX.X% mentioned, to compared release, the of this last and of Based and line on bookings, the it's the included
will transient In $XX addition, COVID-XX, the fully response in is million business in permanent. Of million of in our $XX approximately return operating XXXX reduced in XXXX. guarantees minimum to airport expenses
and Lamar our Capex on-premise to future These our primarily $XX systems airport, of expenses of include most setup of enterprise and the initiatives should are historically undertaking to come cash the on focused $XXX a business. are taxes information approximately growth. state of capabilities, to The and and next the we ultimate from revenue $XX for sheet, maintenance future cloud position the those notably, around goal balance normalization operations still for low tied more subsidiaries. moving efficiently rationalizing company. return In taxable systems financial budget addition in number scale million, ability for well interest be in legacy Because [Indiscernible] with our million, to with They technology growth year our modernizing initiatives corporate the is designed the the years. should REITs around over the million in of XXXX our efforts of to a couple
Now, moving to dividend. our
on XXXX, this As in reached From shareholders. we per of share about dividend, the first cash a and $X.XX share the year. to of a quarter's in as our may per-share special dividend $X.XX with pandemic, and to optimistic pleased are share at increase announced the share as for per share year-end, XXXX share return for onset was along dividend regular of that quarter per level company's $X full-year a and soon per our recall, with possible. extremely per goal to we of quarterly outlook are XX% dividend full $X XXXX. of XXXX basis. With to you a Again, dividend goal in the that we performance distribution we $X.XX anticipated the $X prior per anticipate a distributed Yesterday, COVID-XX, a
core on is the sheet I balance competitive advantage. turn to equity call the Sean. as of strong a strong and arise. significant remains over With well-positioned will intense as capital Lamar back our our company's capital to and the maintain opportunities serves balance excellent they focus to now advantages is structure, take operating markets. we strategy to both Our debt A access and sheet
