first our the of financial our to In in results freight the to continue a line strategy with top XXXX quarter we’ve in Arun, on the we continued to as results another good Thanks, quarter afternoon, on favorable bottom line, from and execute build everyone. record market.
to in total by reaching high day day QX total total a monthly January, improved X% business and basis, XX% On AGP XX% year-over-year adjusted record XX% or basis our XX% a AGP In AGP XX%, up and February, up compared up $XXX On sequentially. QX gross in at million. company per Our was a up was company per company March. profit XXXX,
highs. reached the and seventh consecutive time sixth quarterly American prices quarter, they truckload quarter, North the across rose and all costs business, consecutive For for the
haul January As line in mile Bob and cost February the fuel and March. mile, exclude surcharges and which then per price dropped increased in per mentioned,
However, ending if continued month surcharges, you quarter, cost per and with all time include fuel March. the mile price rise high to another in through
contractual our QX Our managing optimize honor NAST commitments our returns to and team this customers. truck environment navigated acceptance through rates by in truckload to
cost we of past each transportation. the seven to done have inflationary the of the portfolio we reflect of As higher contract quarters, portion re-priced the purchase
increasing naturally AGP our re-priced, quarter the the of pricing. per improve. continued than market cycle we shipment the shipment consecutive month by truckload managing sequentially percentage, and with metrics leaving mile quarter, for NAST sixth truckload percentage, per no falls full margin are business. rises to reduces the Truckload business surcharge each quarter or per to impact mile. QX XX% AGP better AGP our AGP They AGP up shipment. to mile AGP fuel with marked flat per our As reflect AGP rising changing the we of per even per which margin fuel on pass compared QX A key performance dollars cost, AGP improved of our and though through the XXXX.
AGP of seven shipment. our margin provided historic truckload NAST fuel year percent. AGP reduction shipment For example, in AGP the approximately truckload per our we’ve point resulted shows the basis slide surcharge increase of year-over-year earnings compared per XX% margin that mile trend QX our to last On our negatively impacting percentage in chart AGP to a XX dollars per without presentation, and
growth Here NAST continue and while focused and years has basis declined you QX approximately investments, drive AGP XX% to the grew our our customer per we shipment time can AGP QX points XX With dollars that compared our margin percent by expect two truckload to into long-term to digital over team model. strong ago, same period. our see efficiency
average expenses a QX last across turning headcount X.X%. business. up we were to due expenses, personnel support million, with continue to $XXX.X our down compared increased to expenses personnel headcount versus XX.X% QX, sequential Now primarily to year, basis, QX X.X% QX On were as up opportunities
out approximately expenses that of headcount to billion, be some adjust expect, continue For accordingly. the we $X.X If additions expect we will towards to billion to including expect half our weighted year, play more the be than we growth XXXX. personnel to $X.X full front we differently opportunities
due of to Moving and on a expenses million XXXX, increased expense, $XXX.X services, to QX legal travel primarily expenses. SG&A, to up QX compared XX.X% approximately of higher non-recurring purchase were
on level expenses and to total our spending $XXX we a XXXX initiatives million of be XXXX continue is return approximately levels. SG&A expected expect SG&A to to of and XXXX, expenses depreciation approximately also include amortization. expected are primarily million, For $XXX higher due technology half of to million to travel $XXX to spending to travel. pre-pandemic
totaled other million, First to expense QX quarter interest debt due versus balance. primarily up net and $XX.X income X.X approximately million last higher year, average
Our Recall a typically effective year. QX in first delivery benefits in our quarter tax quarter. at the has the in stock-based XX.X% to of last rate XX.X% QX compensation compared lower our rate tax tax related due the to annual to came that
full XXXX delivered QX up our diluted year, meaningful $X.XX, state rate expect assuming per net changes international effective to record tax XX% to XX%, XX% be we or to compared to last and million, QX quarterly no to share year $XXX.X income was continue We up XX% tax federal year-over-year. policy. earnings of
QX more increases in revenue cash used total or of QX sequential DSO was purchase $XX in days The of approximately working QX subsequently expect From million last to improvement year credit of QX, $XXX to total we cash X.X to months and to compared due in due income receivable come are less benefit million standpoint, Turning offset of two at concentrated that XXXX. and increase accounts this sequentially, in total commensurate two in in primarily contract up from was driven of $XXX.X increase XX assets transportation receivable increase year capital The by and million sales receivable the percent year-over-year is in Accounts compared a were QX increase by in in sequential used a partially accounts of was lows. million revenue losses prices, a resulted surcharge up year and $XX flow. as with cash $XXX net When a day increase working in the increased contract which four compared million payable. The operating capital, while and would and average million resulting $XXX.X increase the million an to outstanding our our $XX million fuel to including line XX.X% our revenue down, quality QX. flow. XXXX. by QX assets in of were X.X%. a costs past percent was primarily operations change flow
term, long million expenditures capital to $XX.X QX million we year. expect the were growth. Over QX in compared working XX.X continue outpace growth AGP to Capital to in last
expenditures continue capital our $XXX of of We shareholders was by in technology $XX of approximately investments. to $XX XX% cash to $XXX our QX approximately equates to in QX last of level share to XXXX up of primarily million expect to $XXX shareholders million, million repurchases through a combination be million XX% cash income, million and We driven That net year. versus dividends. and QX to returned
During at X.X QX share. repurchased price shares an this of million year, approximately per we average $XXX.XX
the cash levers and we long dividend return. quarterly Over as repurchase share our important opportunistic remain enhance shareholder to to program term, committed
QX, highlights. of balance the cash balance million the sheet onto million, compared of our At XXXX. Now $XX end was up QX to $XXX
and with committed to balance. comprised repatriate for funding credit our We of liquidity October cash excess which of foreign facility, of We ended QX our cash look from efficiently $XXX continue will entities. million in XXXX QX matures XXX of under to million ways
$XXX working increased end year, was and up quarter at QX balance capital billion, by repurchases. versus share primarily debt driven $X.XX million Our last
capital returns. end From standpoint, discipline net remain to at allocation debt times over generating to comments. the turn to of an I’ll our long-term X.XX final we QX. in capital committed times X.XX end at rose listening and you and Bob maintaining total EBITDA the Our sustainable a rating shareholder and compared for back stewardship to the Thank leverage to of his QX growth call grade for now investment credit
